Nigeria’s Education Ministry opens ₦50M equity-free grant to student founders

The Federal Ministry of Education has opened applications for the Student Venture Capital Grant, offering student-led ventures up to ₦50 million in funding that takes no equity. Despite the name, this is a grant programme, not a venture fund. Approved teams draw down against milestones they’ve agreed in advance, so the full ₦50 million is a ceiling rather than a cheque.