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FG to unveil ₦50m grant for STEMM students

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The Federal Government on Friday said it is set to unveil the Sciences, Technology, Engineering, Mathematics and Medical Sciences Student Venture Capital Grant, which it described as a pioneering initiative designed to empower students in Nigeria’s tertiary institutions to build the next generation of scalable, job-creating ventures.

Also referred to as the “STEMM Up Grant”, the initiative will be formally unveiled in August by the Minister of Education, Dr. Maruf Alausa, according to a statement by the Director of Press of the Federal Ministry of Education, Folasade Boriowo.

The statement said the decision was made known during a stakeholder engagement session held in Abuja. The session convened Vice Chancellors, Provosts, Rectors, Student leaders, academic Staff, and development partners to chart a collective course for nurturing student-led innovation.

“S-VCG is not just a grant. It’s a launchpad for bold, young innovators to lead Nigeria’s industrial and technological transformation. We are giving our students the tools to dream, build, and scale solutions that solve real-world problems — from tech and medicine to agriculture and green energy”, Alausa said.

The grant targets full-time undergraduate students in STEMM disciplines (Science, Technology, Engineering, Mathematics, and Medical Sciences), specifically those in their 300-level and above. Each selected student-led project will be eligible to receive startup funding of up to ₦50 million, along with access to mentorship, incubation services, and business development support.

The initiative will be implemented in partnership with the Bank of Industry to ensure financial transparency, impact measurement, and effective project execution.

Speaking at the session, the Minister of State for Education, Professor Suwaiba Ahmad, described the grant as a strategic investment in Nigeria’s knowledge economy.

“We’re building a stronger, more competitive future by supporting innovation from the ground up,” she said, adding that the programme’s design was informed by months of consultation with students, faculty, and institutional leaders.

She added, “The launch of S-VCG aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which prioritises inclusive education, youth empowerment, and sustainable economic development.

“Participants at the event welcomed the STEMM Up Grant as a timely, strategic, and high-impact initiative that will drive youth innovation, tackle graduate unemployment, and position Nigeria as a hub for student-led entrepreneurship in Africa.

“The Ministry reaffirmed its commitment to ensuring an inclusive rollout and rigorous monitoring to guarantee that the initiative delivers a measurable and lasting impact across Nigeria’s higher education institutions.”

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Education

PHOTOS: 200-level Niger State varsity d!es after collapsing in her off-campus residence

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A 200 level student of Ibrahim Badamasi Babangida University (IBBU), Lapai, Niger State, has d!ed after collapsing in her off-campus lodge.

The deceased, identified as Adamu Fatima Muhammad, with matriculation number U23/FNS/BCH/1093, was a student of the Department of Biochemistry, Faculty of Natural Sciences.

Eye Witnesses said Fatima suddenly fell ill at her residence outside the university campus in Lapai and was rushed to the General Hospital, Lapai, where she was later confirmed d3ad.

According to the source, the deceased had earlier lost both parents and was living with her guardian in Suleja, Niger State, alongside her only surviving brother.

“She was a humble and dedicated student. Her passing is a tragedy that has thrown the entire university community into mourning,” the source said.

Fatima was buried in Lapai on Monday according to Islamic rites.

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PHOTOS: School collapse in Indonesia leaves three de@d, 38 missing

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At least three students have been k!lled and dozens are missing following the collapse of an Islamic boarding school in Indonesia’s East Java province, authorities have said.

National Search and Rescue Agency head Mohammad Syafii said as of 12.30pm (0530 GMT) on Tuesday, “the number of victims is 102 people, consisting of 99 survivors, 3 deaths”.

Rescuers are searching for 38 people believed to be trapped under the rubble following the building collapse, the National Agency for Disaster Management said.

Eleven people have been rescued from the rubble, and 91 others managed to escape, the disaster management agency said.

Seventy-seven victims were taken to several hospitals in the area for treatment for their injuries, according to the agency.

“Efforts to assess the site, monitor the remaining building structure, and prepare evacuation routes for victims are the primary focus of the teams on the ground,” the agency said in a statement on social media.

The agency added that the incident called attention to the need for the “strict implementation of construction safety standards”.

“The public and managers of multistorey buildings are urged to ensure technical supervision during construction to prevent similar occurrences in the future,” it said.

Indonesia’s National Search and Rescue Agency, a separate body, had earlier reported that “provisional data” indicated that 100 students were caught up in the collapse, of whom all but one had been located alive.

Al-Khoziny Islamic Boarding School, in Sidoarjo, East Java, collapsed at about 3pm on Monday as students were gathering for afternoon prayers.

Authorities say the school’s foundation pillars gave way as crews were concreting the fourth floor of the building, trapping dozens of people under debris.

The incident is the second building collapse in Indonesia in less than a month.

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NELFUND closes 2024/2025 loan portal, sets timeline for next application

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The Nigerian Education Loan Fund said the application portal for the 2024/2025 academic session will officially close on Tuesday.

The Managing Director of NELFUND, Akintunde Sawyerr disclosed this at a news conference in Abuja on Monday.

Sawyerr said this was to allow the Fund to conclude processing of pending applications and upkeep payments.

He also announced timelines for the 2025/2026 academic cycle, in line with its mandate to expand access to higher education through interest-free student loans.

According to him, the loan portal will reopen in the second week of October for fresh applications and remain open until January 2026.

”NELFUND remains committed to removing financial barriers for students and working with institutions to ensure that no eligible student is left behind.

“These timelines provide clarity for students, parents, and institutions to plan and participate fully in the process,” Sawyerr said.

The managing director directed institutions to update their students’ records on the Student Verification System to enable applicants access the scheme.

He added that all unverified applications for 2024/2025 would be automatically cancelled after Oct. 8, noting that students affected would be required to reapply under the new session.

He warned that institutions that failed to verify students’ records risk being publicly listed for non-compliance.

On upkeep stipends, Sawyerr explained that the payment for the 2024/2025 session would continue until November, adding that students were expected to reapply for 2025/2026 to continue receiving payments.

On repayment terms, he reiterated that the scheme remained interest-free while repayment would begin two years after completion of the National Youth Service Corps, with employers mandated to deduct 10 per cent of beneficiaries’ salaries.

He further expressed concern over arbitrary hikes in tuition and ancillary fees by some institutions, noting that a committee set up by the Minister of Education is working with regulators to harmonise and standardise fee structures across institutions.

Responding to concerns about upkeep stipends, he said the current ₦20,000 monthly allowance would not be increased immediately.

Sawyerr said an ongoing review of cost-of-living indices across different regions could however lead to weighted adjustments in future.

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