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Tag: Funding

Nigerian Government to Launch N50 Million Venture Capital Grant for STEMM Students

Abuja, Nigeria – The Nigerian Government is set to introduce a groundbreaking initiative, the Sciences, Technology, Engineering, Mathematics and Medical Sciences Student Venture Capital Grant (S-VCG), aimed at empowering tertiary students to develop scalable, job-creating ventures. The program, also known as the “STEMM Up Grant,” is scheduled for a formal launch in August by the Minister …

NELFUND Disburses N45.1 Billion in Student Loans Within 10 Months

The Nigerian Education Loan Fund (NELFUND) has disbursed N45.1 billion in student loans since its launch in May 2024, according to its latest Student Loan Dashboard Update released on March 26, 2025. Key Statistics Rising Demand and Rapid Disbursement The report highlights a 192% surge in successful applications compared to the previous day, with 2,523 …

Federal Government Approves $1.07 Billion and N4.8 Billion for Healthcare Reforms, Signaling Major Boost to Nigeria’s Health Sector

Abuja, Nigeria – In a landmark decision aimed at revitalizing Nigeria’s healthcare system, the Federal Executive Council (FEC) has approved a total of $1.07 billion in financing for healthcare sector reforms under the Human Capital Opportunities for Prosperity and Equity (HOPE) program, alongside a N4.8 billion allocation for HIV treatment. The announcement, made by the Minister …

Nigeria’s Health Sector Set For Revamp With $4.8bn Investment – VP Shettima

The Vice President, Senator Kashim Shettima has announced that the federal government’s health sector reforms have already attracted over $4.8 billion in potential investments. According to him, the investments are part of the commitment of the administration of President Bola Ahmed Tinubu to revitalising Nigeria’s healthcare system. Disclosing this on Saturday at the commissioning and …