LASUSTECH TETFund Award ₦1.5 Million to Six Student Entrepreneurs; Lagos State University of Science and Technology (LASUSTECH), in collaboration with the Tertiary Education Trust Fund (TETFund), has awarded ₦1.5 million in business support to six student entrepreneurs.
The students received the awards after presenting their ventures at the Student Project Entrepreneurship Boot Camp. Each selected student received ₦250,000 to support an existing business.
The event took place on Friday, 23 October 2026, at the university’s 700-seater Auditorium.
LASUSTECH Student Businesses Receive Funding
LASUSTECH’s Career Services Centre organised the boot camp. Its theme was “From Ideas to Enterprise: Building Viable and Sustainable Businesses.”
During the programme, students presented their business ideas, existing products and services. They also identified challenges affecting their business operations.
The presentations covered several fields, including:
- Web and product design
- Tailoring and fashion
- Baking and agriculture
- Textile production and leather works
- Smart home automation
- Drone production
- Other entrepreneurial ventures
The organisers selected six pitches for the ₦250,000 awards. Together, the awards amount to ₦1.5 million.
The funding aims to help the successful entrepreneurs strengthen their operations, improve their products and services, and grow their businesses.
TETFund Consultant Advises Students on Building Sustainable Businesses
At the event, TETFund Lead Consultant for Career Services, Dr Niyi Afolabi, offered guidance on building sustainable businesses.
He encouraged participants to start on a manageable scale and develop their ventures gradually.
The boot camp combined practical business-development guidance with an opportunity for students to present their ventures for financial support.
