The Federal Government has unveiled a groundbreaking funding initiative aimed at empowering young innovators across Nigeria. Through the newly launched “Next Moonshot” programme, the Ministry of Education will provide ₦50 million grants to student entrepreneurs—with zero equity taken from their startups.
Education Minister Dr. Tunji Alausa announced the initiative during a press briefing in Abuja, describing it as a key component of President Bola Tinubu’s Renewed Hope Agenda to strengthen innovation, STEM development, and youth entrepreneurship in higher institutions.
Under the Student Venture Capital Grant (S-VCG) scheme, the programme targets students with high-impact ideas in Science, Technology, Engineering, Mathematics (STEM) and Health, giving them the resources to turn early concepts into sustainable, market-ready products.
What Beneficiaries Will Receive
- Up to ₦50 million grant per innovative project
- Specialized training and incubation support
- Mentorship from industry experts
- Access to tools, digital platforms, and advanced technology
- A one-year free Google Gemini Pro license
FG Partners Google for AI-Powered Review System
The Ministry revealed a strategic partnership with Google, integrating evaluation agents and Gemini AI into the application review process. The collaboration aims to equip Nigerian students with global-standard digital tools while boosting the quality and scalability of their startups.
Who Can Apply?
The application portal is now open to students in all government-recognized tertiary institutions across Nigeria.
🔗 Application website:
