{"id":177813,"date":"2025-09-06T11:41:00","date_gmt":"2025-09-06T10:41:00","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigeria-govt-rolls-out-n75m"},"modified":"2025-09-06T11:41:00","modified_gmt":"2025-09-06T10:41:00","slug":"nigeria-govt-rolls-out-n75m","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-govt-rolls-out-n75m","title":{"rendered":"Nigeria govt rolls out N75m"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>The federal government, through the National Agency for Science and Engineering Infrastructure (NASENI), has launched an N75 million innovation challenge aimed at creating pathways for young inventors to transform their ideas into viable enterprises and tackle youth unemployment in Nigeria.<\/p>\n<p>The programme, launched in collaboration with AfriLabs, was announced on Thursday at the GITEX Nigeria Startup Festival in Lagos.<\/p>\n<p>Speaking at the event, Anas Balarabe Yazid, Special Adviser on Commercialisation to the Executive Vice-Chairman of NASENI, said the aim of the challenge is to identify and grow local innovations.<\/p>\n<p>\u201cThe initiative is designed to find, fund, and fast-track the best homegrown products into solutions that work locally and can scale globally,\u201d he explained.<\/p>\n<p>Yazid encouraged young innovators to take advantage of the platform, stressing that ideas do not have to be perfect before submission.<\/p>\n<p>\u201cIf you\u2019ve built something that works, even if it\u2019s rough around the edges, this stage is for you,\u201d he said.<\/p>\n<p>The competition will shortlist five innovations per state and the FCT. The public will vote for state winners, after which finalists will pitch their ideas at the NASENI Invention Festival.<\/p>\n<p>Winners stand to gain not only cash prizes but also access to NASENI\u2019s Innovation Hub in Abuja, where they will be supported with technical resources, laboratories, and manufacturing facilities.<\/p>\n<p>Highlighting the importance of state-level support, Yazid said governors and the FCT minister have been invited to complement NASENI\u2019s backing.<\/p>\n<p>\u201cThe seed planted here can grow right at home,\u201d he said, urging states to provide matching support for their winners.<\/p>\n<p>On the vision behind the project, he added:<\/p>\n<p>\u201cBuild here, sell to the world. Innovation lives in every LGA \u2014 let\u2019s give it a lift. With the right support, Nigerian ingenuity becomes Nigerian industry.\u201d<\/p>\n<p>The National Bureau of Statistics said that Nigeria\u2019s unemployment rate stood at 4.3 per cent in the second quarter of 2024; however, the latest figure is yet to be released as of filing the report.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. The federal government, through the National Agency for Science and Engineering Infrastructure (NASENI), has launched an N75 million innovation challenge aimed at creating pathways for young inventors to transform their ideas into viable enterprises and tackle youth unemployment in Nigeria. The programme, launched in collaboration with AfriLabs, was announced on Thursday at [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":177812,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,254],"class_list":["post-177813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria govt rolls out N75m - Nigeria<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigeria-govt-rolls-out-n75m\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria govt rolls out N75m\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; Nigeria. The federal government, through the National Agency for Science and Engineering Infrastructure (NASENI), has launched an N75 million innovation challenge aimed at creating pathways for young inventors to transform their ideas into viable enterprises and tackle youth unemployment in Nigeria. The programme, launched in collaboration with AfriLabs, was announced on Thursday at [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigeria-govt-rolls-out-n75m\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-06T10:41:00+00:00\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigeria-govt-rolls-out-n75m#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigeria-govt-rolls-out-n75m\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigeria govt rolls out N75m\",\"datePublished\":\"2025-09-06T10:41:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigeria-govt-rolls-out-n75m\"},\"wordCount\":343,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigeria-govt-rolls-out-n75m#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2025\/09\/MohamadReza1757158882.363412.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Nigeria\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigeria-govt-rolls-out-n75m#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigeria-govt-rolls-out-n75m\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigeria-govt-rolls-out-n75m\",\"name\":\"Nigeria govt rolls out N75m - 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The federal government, through the National Agency for Science and Engineering Infrastructure (NASENI), has launched an N75 million innovation challenge aimed at creating pathways for young inventors to transform their ideas into viable enterprises and tackle youth unemployment in Nigeria. 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