FG to offer 50 student entrepreneurs ₦50m grants
The Federal Government is offering ₦50 million equity-free grants to 50 student entrepreneurs through its Next Moonshot Initiative. Apply now for student e Read More: https://punchng.com/fg-to-offer-50-student-entrepreneurs-%e2%82%a650m-grants/
The Federal Government has announced the opening of applications for the second cohort of the Student Venture Capital Grant, a program named the Next Moonshot Initiative. The initiative aims to provide financial support to 50 outstanding student-led ventures across Nigeria, each receiving a grant of up to ₦50 million. The program is targeted at students with STEM-based business ideas and is part of the Ministry of Education's Nigeria Education Sector Renewal Initiative.
Applications will be screened using Artificial Intelligence before being evaluated by human judges, followed by virtual presentations and a final pitch to an evaluation committee. Winners will receive mentorship from corporate and entrepreneurial organizations for six months. The initiative aligns with President Bola Tinubu's Renewed Hope Agenda and seeks to create opportunities for Nigerian students to turn their innovative ideas into viable businesses.
Applications close on September 30, 2026, and a nationwide application roadshow will be held from September 6 to September 30 to increase awareness and participation.
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- FG to offer 50 student entrepreneurs ₦50m grants punchng.com
