According to Minister of Education Dr. Tunji Alausa, the Federal Government will formally present a ₦50 million grant project on August 2–8 with the goal of strengthening tertiary students in science-based fields.
Full-time undergraduate students studying Science, Technology, Engineering, Mathematics, and Medical Sciences (STEMM), especially those in their 300-level and higher, are the focus of the program, which is called the “STEMM Up Grant.”
The program, which is officially known as the Sciences, Technology, Engineering, Mathematics, and Medical Sciences Student Venture Capital Grant (S-VCG), aims to promote student-led entrepreneurship and innovation throughout Nigeria’s higher education system.
“This is not just a grant; it’s a launchpad for bold, young innovators to lead Nigeria’s industrial and technological advancement,” Alausa said in a press statement in Abuja on Friday.
“We are giving our students the tools to dream, build, and scale solutions that solve real-world challenges, from technology and medicine to agriculture and green energy,” he added.
In addition to access to mentorship, enterprise development support, and business incubation services, each chosen student-led project will be eligible for up to ₦50 million in startup funding.
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Vice Chancellors, Provosts, Rectors, student leaders, academic personnel, and development partners were among the high-level stakeholders that Alausa indicated would be present in Abuja. He pointed out that the initiative is in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda, particularly its emphasis on youth empowerment and sustainable economic change.
The Bank of Industry (BOI) will be involved in the scheme’s implementation to guarantee openness, efficient project management, and quantifiable results.
The STEMM Up Grant is a strategic investment in Nigeria’s knowledge economy, according to Professor Suwaiba Sa’id Ahmad, the Minister of State for Education, who also spoke at the occasion. According to her, the project is the result of months of discussions with educators, students, and other stakeholders in the field of education.
Alausa asserts that the Ministry of Education is dedicated to fostering an inclusive rollout and rigorous monitoring to ensure the programme delivers lasting benefits across the nation’s tertiary institutions.
“The future of Nigeria is not only in the classroom; it’s in the ideas our students dare to pursue,” the minister said.
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