The Federal Government has approved a new National Laureate Annual Prize Programme to reward outstanding academic research and innovation in Nigerian tertiary institutions.

Minister of Education, tunji Alausa, said the initiative is designed to promote academic excellence and position Nigeria as a knowledge-driven economy.

Under the programme, undergraduate dissertations, master’s theses and doctoral research will attract cash rewards of N5 million, N10 million and N20 million respectively, alongside national recognition.

The minister noted that the scheme will be funded by the Nigeria Education Repository and Databank and its partners, adding that some awards will be named after distinguished Nigerians, with the inaugural honour dedicated to Stella Adadev1oh.