Federal government has awarded N50 million each to 45 students selected from 65 finalists drawn from public and private tertiary institutions nationwide under the Student Venture Capital Grant (S-VCG).

Tunji Alausa, minister of Education, unveiled the initiative at the weekend at the United Nations Development Programme Innovation Hub in Ikoyi, Lagos, describing it as a bold step toward positioning Nigerian youth as drivers of global innovation.

Alausa said the programme marked a significant shift in education policy, aimed at empowering students through innovation, entrepreneurship, and skills development. He noted that the grant offers equity-free funding, mentorship, incubation, and access to digital tools.

He explained that the beneficiaries emerged after a rigorous selection process involving over 30,000 applicants from more than 400 tertiary institutions across the country, culminating in a three-day bootcamp and pitch session before industry experts.

According to the minister, the initiative is designed to transform tertiary institutions into hubs of innovation and economic development, enabling students to move from ideation to commercialisation and become job creators.

“Today is not just another programme event. We are activating a new future for Nigerian students where great ideas are nurtured into impactful solutions,” he said.

Also speaking, Suwaiba Ahmad, minister of State for Education, described student entrepreneurship as a critical national strategy for job creation and economic growth. She emphasised the need for institutions to move beyond theory and support students in translating ideas into viable enterprises.

Similarly, Bosun Tijani, minister of Communications and Digital Economy, commended the initiative, urging beneficiaries to focus on building sustainable and impactful solutions rather than pursuing short-term gains.

He advised students to adopt consistency and long-term thinking, noting that small, sustained efforts could lead to meaningful innovation and societal impact.

In her goodwill message, Elsie Attafuah reaffirmed the commitment of the United Nations to supporting Nigeria’s innovation ecosystem.

She encouraged beneficiaries to refine their ideas, respond to market needs, and contribute meaningfully to national development through innovative solutions.

The minister acknowledged key partners, including the UNDP, Google, and the Bank of Industry, for their support in implementing the initiative and expanding opportunities for young innovators across Nigeria.

The Federal Government has launched the ‘Cross-Border Digital Payments and Identity in Nigeria under the AfCFTA’ report, urging stakeholders to unlock trade opportunities for Micro, Small and Medium Enterprises (MSMEs) to access the $3.5 trillion African Continental Free Trade Area (AfCFTA) market.

The high-level report, hosted by the Office of the Vice-President in collaboration with ODI Global under the Supporting Investment and Trade in Africa (SITA) programme, was unveiled on Monday by the Deputy Chief of Staff to the President, Ibrahim Hassan Hadejia, in Abuja.

Hadejia described the research as both timely and strategic, noting the strong coordination by the Office of the Vice-President and the leadership of the Federal Ministry of Industry, Trade and Investment.

He revealed that the cross-border payments report followed earlier milestones, including the development and launch of Nigeria’s Digital Trade Strategy and a capacity-building programme for subnational leaders.

According to him, Nigeria is increasingly assuming a leading role in shaping the digital trade agenda across the African continent, necessitating that the country remains at the forefront of AfCFTA implementation.

He noted that deepening engagement with AfCFTA and enabling businesses, particularly SMEs, to conduct seamless cross-border transactions will be critical to unlocking trade, fostering growth, and creating jobs.

He further stated that efficient cross-border payments, supported by trusted digital identity systems as recommended in the report, will be key to realising President Bola Ahmed Tinubu’s Renewed Hope vision for Nigerian MSMEs.

Hadejia also observed that while the report identifies the Pan-African Payment and Settlement System as a critical platform for cross-border digital payments, Nigerian fintech firms such as PalmPay and Moniepoint, which have some of the largest and most active user bases, will play a pivotal role in driving adoption.

He assured the audience that the Federal Government remains committed to strengthening critical infrastructure, regulatory frameworks, and partnerships to ensure Nigeria is not only ready for digital trade but continues to lead.

“I appreciate the efforts of all stakeholders and urge us to move AfCFTA beyond a continental agreement to a $3.5 trillion trade juggernaut that will reinvigorate our industries, unlock intra-African trade, and domesticate African prosperity,” he added.

Hadejia stated that intra-African trade will be driven not only by large corporations but by small businesses empowered through digital trade and e-commerce, while noting that issues of trust, identity and logistics, as highlighted in the report, must be addressed.

Commenting on the report, the Special Adviser to the President on Job Creation and MSMEs, Temitola Adekunle-Johnson, said the report – developed under the purview of the Office of the Vice-President – would significantly strengthen the MSME ecosystem.

He explained that cross-border payments in Nigeria and across Africa have historically been largely informal and inefficient but noted that the emergence of the Bank Verification Number (BVN) and National Identification Number (NIN) systems is changing the landscape.

Adekunle-Johnson expressed optimism that the report’s findings and recommendations would enable Nigerian SMEs to achieve seamless access to continental markets.

Earlier, the Special Assistant to the President on ICT Policy, Office of the Vice-President, Salihu Dasuki, disclosed that the office, in partnership with development partners, has developed a framework to fast-track seamless cross-border payments for MSMEs.

He added that a key pillar of President Tinubu’s Renewed Hope Agenda is enabling Nigerians to access digital trade, which informed the capacity-building programme conducted for subnational governments last year.

Also speaking, Special Assistant to the President on Project Support, Office of the Vice-President, Shuda Ahmed, commended ODI Global for leading the research underpinning the report.

She noted that without seamless and affordable cross-border payment systems, MSMEs across the continent would be unable to scale beyond their domestic markets.

The event was attended by officials of ODI Global, representatives of AfCFTA, the National Information Technology Development Agency (NITDA), National Identity Management Commission (NIMC), Nigerian Petroleum Development Company (NPDC), Federal Competition and Consumer Protection Commission (FCCPC), and MSMEs, among other key stakeholders.

Moniepoint Inc., a digital financial services provider and Africa’s fastest-growing financial institution, has announced the opening of applications for the 2026 edition of its Women in Tech internship programme, now in its sixth year and continuing to expand its reach across the country.

Launched under the theme, There is Space for You, this year’s campaign is a direct invitation to women across Nigeria who have the talent, the drive, and the ambition but access has been a challenge.

The choice of the theme reflects intentionality as despite significant progress in recent years, women continue to account for just 25% of Nigeria’s tech workforce, even as they represent nearly half the population and 22% of annual STEM graduates. Moniepoint’s Women in Tech programme has spent five years working to close the gap and facilitate access for women.

Building on the success of last year’s “Dream 15” cohort, the programme’s largest intake to date, the 2026 edition continues to scale, offering an expanded number of roles across some of the most sought-after disciplines in the industry which include Cloud Engineering, Frontend and Backend Engineering, Data Engineering,, Systems Administration, Product Management, Information Security, Mobile Engineering, Site Reliability Engineering, These roles represent the technical foundations on which the future of digital finance in Africa is being built, and Moniepoint wants women at the centre of that work.

Successful applicants will receive a competitive salary, work tools, branded merchandise, and direct mentorship from experienced practitioners across the business. As with previous cohorts, participants who demonstrate strong performance will be considered for full-time employment, a pathway that has already transformed the careers of women from the programme’s earliest editions.

The human evidence of that transformation is what anchors this year’s campaign. With over 8,000 applications received last year, and 15 interns selected, young women like Uzoamaka Anyaegbuna, Adaeze Ugwumba, Iyinoluwa Akenroye, Loveth Abang, and Bisola Abimbola joined the programme as interns and have since become what Moniepoint calls “DreamMakers”, full-time employees who are building technical systems, leading projects, and shaping the company’s product from the inside..

A common critique of internships is that they lack substance. Bisola Abimbola’s experience at Moniepoint was the opposite; she was treated as a peer from day one.

“I can confidently say the internship was one of the best things that’s happened in my career. I was given real product ownership, working on multiple projects and driving them forward like an actual product manager, not just observing from the sidelines. Projects were thrown at me with an implicit question: ‘Can you handle this?’ I had to step up, own the outcomes, and actually deliver. That experience made me comfortable with the autonomy and accountability I now have. This hands-on experience made all the difference and solidified my resolve that this is exactly where I’m meant to be.”

Chinaza Nduka-Dike, Head, People Operations at Moniepoint Inc., expressed the company’s continued commitment to the initiative. “With the Women in Tech programme, we are not just inspiring inclusion, we are actively creating sustainable pathways for women to thrive in the tech industry.

“This is a space where diversity fuels innovation, and through programmes like this, we are empowering women to take on leadership roles, develop crucial skills, and shape the future of technology. The progress we have seen across five cohorts, where alumni have gone on to make significant contributions to the company and the wider tech ecosystem, fills us with pride. There is space for the next generation, and we are ready for them.”

The launch of the 2026 campaign arrives at the close of Women’s Month, and forms part of Moniepoint’s broader commitment to the United Nations Sustainable Development Goal 5 on Gender Equality. These initiatives reflect a consistent institutional conviction: that empowering women is not a check box or tokenistic gesture, but an ongoing responsibility that demands sustained investment across access, skills, and belonging.

Applications open March 30, 2026. The programme is open to women across Nigeria who are looking to begin or pivot their careers in technology, whether self-taught or formally trained. Further information on available roles and how to apply is available at the Women in Tech website, https://womenintech.moniepoint.com