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45 Student-Led Startups Win N2.2bn from FG Ventures Initiative

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45 Student-Led Startups

By Adedapo Adesanya

Forty-five student-led ventures emerged as beneficiaries of a total pool of N2.2 billion in grants at the 2026 Student Venture Capital Grant (S-VCG) Finalist Bootcamp.

The programme of the federal government marks a significant boost to youth innovation under its entrepreneurship drive, announced earlier this year.

At the bootcamp’s closing ceremony and awards presentation held at the United Nations Development Programme (UNDP) office in Ikoyi, Lagos, the winners emerged after a rigorous selection process involving 65 finalists and assessment by a 12-member expert panel.

Speaking at the event, the Minister of Education, Mr Tunji Alausa, said the initiative underscores the government’s commitment to transforming tertiary institutions into centres of innovation, entrepreneurship and practical problem-solving.

He described the S-VCG programme as a key pillar of President Bola Tinubu’s Renewed Hope Agenda, aimed at enabling students to convert ideas into viable businesses.

Mr Alausa noted that each beneficiary can access up to N50 million in equity-free funding, alongside mentorship, incubation support and digital tools.

He added that the programme attracted more than 30,000 applications from 404 tertiary institutions nationwide, reflecting the growing culture of innovation among Nigerian youth.

Also speaking, the Minister of Communications and Digital Economy, Mr Bosun Tijani, commended participants for leveraging technology to develop solutions to real-world challenges.

He urged them to build scalable, tech-driven ventures capable of contributing to national development.

Also speaking, Minister of State for Education, Mrs Suwaiba Sa’id Ahmad, praised the finalists’ resilience and creativity, noting that initiatives like S-VCG are critical to nurturing problem-solving skills and fostering an entrepreneurial mindset among students.

Chairman of the Senate Committee on Tertiary Education and TETFund, Mr Muntari Dandutse, called for sustained investment in youth innovation to strengthen Nigeria’s knowledge-based economy.

On his part, the National Project Coordinator of the Special Programmes Operations and Implementation Unit, Mr Adebayo Onigbanjo, outlined the structure and long-term objectives of the programme, stating that it is designed to equip students with the resources and confidence needed to build sustainable ventures.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Education

FG Slashes Textbook Ranking Fees to Support Publishers, Policy Rollout

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Textbook Ranking System

By Adedapo Adesanya

The federal government has slashed the fees for the assessment and ranking of textbooks ahead of the implementation of the National Textbook Ranking Policy scheduled to commence in September 2026.

The reduction, approved through the Nigerian Educational Research and Development Council (NERDC), was aimed at easing the financial burden on publishers and authors while facilitating compliance with the new national textbook quality assurance framework.

The decision comes ahead of the implementation of the National Textbook Ranking Policy introduced by the Minister of Education, Mr Tunji Alausa, to improve the quality and standardisation of instructional materials used in schools across the country.

Announcing the development in a statement on Wednesday, the Executive Secretary of NERDC, Mr Salisu Shehu, said the assessment fee had been reduced from N2,000 to N1,500 per page, while the ranking fee for each textbook title had been cut from N1 million to N750,000.

He said the revised fees take immediate effect and apply to all publishers and authors submitting textbooks for assessment and ranking.

Mr Shehu also disclosed that publishers who had already paid the previous assessment fee of N2,000 per page would receive refunds of the excess payments, adding that details of the refund process would be announced in due course.

He urged all stakeholders in the publishing industry to comply with the new fee regime.

“Under the policy, only textbooks that have been assessed, approved and ranked by NERDC will be approved for use in Nigerian classrooms from September 2026, while unranked textbooks will no longer be permitted,” he said.

Meanwhile, the minister explained that the initiative was designed to tackle the proliferation of textbooks in schools and ensure that teachers and learners have access to high-quality, curriculum-compliant instructional materials.

The minister restated that NERDC will continue to exercise its statutory responsibility of approving textbooks for use in schools, but that approval alone would no longer be sufficient under the new policy.

“Instead, every approved textbook will undergo a structured national evaluation and ranking process by expert committees to determine the most suitable and highest-quality books for each subject and level of education,” he said.

The minister was optimistic that the National Textbook Ranking Policy will strengthen quality assurance in education by providing schools, teachers and parents with reliable guidance on the best instructional materials for teaching and learning.

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Education

Firm, Bank Organise Free Innovators’ Camp for Children in Lagos

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STEM subjects

By Aduragbemi Omiyale

A free educational initiative to equip children with practical Science, Technology, Engineering and Mathematics (STEM) skills needed to grow, thrive and prosper in a rapidly evolving world has been put together in Lagos.

The programme, Young Innovators Camp, commenced on Monday in the Lekki area of Lagos State. It is organised by MONAT, with Fidelity Bank as the sponsor.

Participating children, who must be between 4 and 10 years, will have a hands-on learning experience focused on creativity, innovation, problem-solving and critical thinking. They will be introduced to age-appropriate STEM concepts, guided build sessions and other engaging activities designed to stimulate curiosity and encourage practical learning.

The camp will also feature small group learning with facilitators, financial literacy sessions, creative activities, and other interactive experiences that support confidence-building among participants.

Every participant will also receive a specially curated gift pack filled with educational resources and STEM learning materials to encourage continued exploration and learning at home, making the camp both a memorable and transformative experience.

The Young Innovators Camp reinforces Fidelity Bank’s ongoing investment in initiatives that prepare children and young people for the future. It builds on the bank’s education-focused interventions, including initiatives such as SWEETA, which supports children, and the lender’s broader CSR agenda, which prioritises youth empowerment, education, skills development and access to opportunities that can improve long-term outcomes for individuals and communities.

“The future will be shaped by those who can solve problems, think creatively, and harness technology to improve lives.

“At Fidelity Bank, we believe these abilities should be nurtured from an early age.

“Through the Young Innovators Camp, we are giving children the opportunity to explore science, technology, engineering and mathematics in a fun, practical and engaging way that inspires curiosity, builds confidence, and encourages innovation.

“We want every child who participates to leave believing that they have the potential not just to succeed in the future, but to help create it,” the Divisional Head of Brand and Communications at Fidelity Bank, Mr Meksley Nwagboh, said.

“As a bank committed to helping people grow, thrive and prosper, we see education, particularly STEM education, as a strategic investment in Nigeria’s future.

“Today’s young innovators will become tomorrow’s engineers, scientists, entrepreneurs, inventors and technology leaders.

“By partnering with Monat, we are investing in a generation equipped with the skills, mindset and confidence to solve real-world challenges, create opportunities, and contribute meaningfully to national development.

“This is more than a summer camp; it is about unlocking potential and inspiring the next generation of innovators,” he added.

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Education

81 Students for Next Stage of 2026 InterswitchSPAK National Science Competition

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InterswitchSPAK 4.0

By Modupe Gbadeyanka

The top 81 students of the flagship Science, Technology, Engineering and Mathematics (STEM) competition for senior secondary school students in Nigeria, InterswitchSPAK, have emerged.

They were chosen from the national pre-qualifying examinations, which attracted over 21,700 participants from secondary schools nationwide.

The chosen candidates distinguished themselves through exceptional performance in the examination, earning places in the next stage of the competition.

The organisers of the programme, Interswitch, one of Africa’s leading integrated payments and digital commerce companies, disclosed in a statement that the successful young scholars will now proceed to the next phase of the contest, where they will undergo further assessments at the highly anticipated televised stages airing from November 2026 to January 2027, gaining the opportunity to compete for tertiary education scholarships and prizes worth over N40 million.

“The emergence of these 81 exceptional students is a testament to the incredible talent, resilience and promise that exists among young Nigerians.

“At Interswitch, we believe that investing in STEM education is critical to building the innovators, problem-solvers and technology leaders who will shape Africa’s future.

“While we celebrate those advancing to the next stage, we are equally proud of every student who participated and demonstrated the courage to challenge themselves and pursue excellence,” the Divisional Head for Brands Communications, Content and CSR at Interswitch, Tomi Ogunlesi, stated.

Business Post reports that this year’s participation represents an approximated 19.7 per cent increase over the 18,200 students who registered for Season 7, further underscoring the growing national interest in STEM education and reinforcing InterswitchSPAK’s position as one of Nigeria’s foremost platforms for identifying, nurturing and rewarding exceptional young scientific talent.

Now in its eighth season, InterswitchSPAK continues to provide a national platform that rewards academic excellence while equipping outstanding students with opportunities for mentorship, exposure and life-changing educational support. Beyond the competition itself, the initiative reflects Interswitch’s long-standing commitment to advancing education, promoting innovation and developing the human capital required to drive Africa’s digital future.

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