The Federal Government has announced a N50 million Student Grant Venture Capital Initiative to support scaling student-led enterprises in Nigeria’s tertiary institutions.
Minister of Education, Dr. Maruf Alausa, disclosed this while inaugurating the Research and Innovation Commercialisation Committee, RICC, in Abuja on Wednesday.
Alausa said the scheme, which will be anchored by the Tertiary Education Trust Fund, TETFund, in partnership with the Bank of India, targets undergraduate students in 300-level and above with viable business models and innovations ready for market expansion.