Unilag students top list as FG awards N2.25bn grants to innovators
The Federal Government has disbursed N2.25bn in grants to 45 students from various tertiary institutions. Dr Tunji Alausa, Minister of Education, presented the cheques at an event in Lagos, highlighting the government's commitment to supporting student-led innovations. The University of Lagos led the recipients, with eight students each receiving N50m for their projects. The initiative aims to foster entrepreneurship and innovation among Nigerian students.
What we know
- The Federal Government awarded N2.25bn to 45 student innovators from tertiary institutions.
- Dr Tunji Alausa and Prof Suwaiba Ahmad presented the cheques at the UNDP Innovation Hub in Lagos.
- The University of Lagos had the highest number of recipients, with eight students each getting N50m in equity-free funding.
- The Student Venture Capital Grant initiative supports student-led businesses, focusing on technology and Artificial Intelligence solutions.
- Officials emphasized the importance of innovation, entrepreneurship, and bridging the gap between theory and practice in higher education.
