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FG Launches N50m Equity-Free Grant for Tertiary Students

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By Onyeanya Ebere Immaculata

The Federal Government on Monday launched a N50 million Student Venture Capital Grant (S-VCG), to boost innovation and entrepreneurship in tertiary institutions.

The scheme provides equity-free seed funding, mentorship, incubation support, and access to startup-building resources.

Announcing the initiative in Abuja, Minister of Education, Dr. Tunji Alausa, said the programme aligns with President Bola Tinubu’s Renewed Hope Agenda and is designed to identify and grow high-potential student ideas.

The grant is jointly driven by the Federal Ministry of Education, TETFund, the Bank of Industry, Afara Initiative, Afrilabs, the Entrepreneurship and Skills Development Centre, and Google.

It is open to full-time students in federal, state, and private tertiary institutions from Year 3 upward, while younger students may join as team members. Ventures must be CAC-registered and STEM or medical-based.

A 12-member panel from academia, industry, venture capital, and government will evaluate shortlisted applicants.

Selected teams may be paired to encourage collaboration and accelerate research commercialisation.

National Programme Coordinator, Adebayo Onigbanjo, said the portal has received 17,914 applications from 402 institutions, with over 1,000 complete submissions.

He noted the programme aims to bridge early-stage funding gaps that hinder university innovators.

Former Minister of Power, Prof. Barth Nnaji, commended the initiative for promoting research-driven, locally relevant solutions.

According to NAN, applications close on January 23, 2026.

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Education

Oyelami Named Acting CEO of National Mathematical Centre

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By Omoniyi David

The Federal Government has appointed Professor Oyelami as Acting Chief Executive Officer of the National Mathematical Centre with immediate effect.

The appointment was announced in a statement by the centre’s Controller of Information and Public Relations, Onyekachi Njoku. He said the decision followed the elevation of the former CEO, Promise Mebine, as Vice-Chancellor of the Federal University Otuoke.

Njoku disclosed that the approval was conveyed in a letter signed by Rakiya Ilyasu, Director of University Education at the Federal Ministry of Education.

Professor Oyelami, a mathematician who joined the centre over two decades ago from Abubakar Tafawa Balewa University, previously served as Coordinator of the Mathematics and Theoretical Physics programmes and as Deputy Director/Academic Planning Coordinator.

An alumnus of the University of Jos and Abubakar Tafawa Balewa University, he holds a Second-Class Upper degree, MSc and PhD in Mathematics and has published widely in local and international journals.

The centre said his appointment would strengthen its mandate to promote research, innovation and capacity building in mathematical sciences.

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Abuja Reports

UniAbuja Council Denies NELFUND Loan Diversion Claim

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By Patrick Idowu

The Governing Council of the University of Abuja has refuted allegations that the institution diverted funds provided by the Nigerian Education Loan Fund (NELFUND), for its students.

In a statement issued on Saturday, the council, chaired by Senator Olanrewaju Tejuoso, said no NELFUND money was diverted, misappropriated or unlawfully withheld by the university or any of its officials.

The denial comes a day after NELFUND also dismissed the allegation and cleared the university of wrongdoing.

The statement, signed by the Acting Registrar and Secretary to the Governing Council, Malam Sambo Mohammed, said the university operates within established financial regulations and maintains strict accountability in managing intervention funds.

The council urged the public to disregard what it described as a misleading media report, while reaffirming confidence in the university’s management led by Vice-Chancellor, Prof. Hakeem Babatunde Fawehinmi.

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Education

JAMB Warns Candidates Against Infractions in 2026 UTME Registration

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By Onyeanya Ebere Immaculata

The Joint Admissions and Matriculation Board (JAMB) has warned that candidates who violate registration rules or breach the attestation signed during the ongoing 2026 Unified Tertiary Matriculation Examination (UTME), registration will face severe sanctions.

JAMB Registrar, Prof. Ishaq Oloyede, issued the warning on Monday as the registration entered its third week.

He said offenders could be barred from sitting for the UTME for up to three years, adding that the names of defaulters may be published in national newspapers and forwarded to other public examination bodies.

Oloyede also disclosed that candidates involved in serious offences could be handed over to the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC), or the Police for prosecution.

JAMB said the measures are aimed at protecting the integrity of the examination process and ensuring fairness for all candidates.

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