Japan Grants Nigeria 30 Million For Start-up Hub In Abuja

In a major boost to Nigerias digital economy, the Japan International Cooperation Agency JICA and the Federal Government of Nigeria have signed a 30 million grant agreement to establish Start-Up Hubs in Abuja. The landmark initiative underscores Japans continued commitment to economic cooperation and sustainable development across Africa.

The project comprises two key components. The first is the development of a cutting-edge Start-Up Hub, valued at 9.9 million, to be implemented by the National Information Technology Development Agency NITDA. The second component, worth 21 million, is the Project for the Development of a Supporting Environment for Social Start-ups in Nigeria, which will be executed by the Nigeria Sovereign Investment Authority NSIA.

Aimed at fostering innovation and supporting emerging enterprises, the project will deliver a world-class facility equipped with advanced digital technologies and collaborative workspaces. It also seeks to strengthen linkages across the start-up ecosystem, promoting job creation, industrial diversification, and solutions to social challenges through innovation.

The fundsallocated with provisions for contingencieswill be disbursed in phases through 2030 and will cover infrastructure development, equipment procurement, and consultancy services.

Senator Atiku Abubakar Bagudu, Minister of Budget and Economic Planning, signed the agreement on behalf of Nigeria, while Mr. Yuzurio Susumu, Chief Representative of JICA Nigeria Office, signed on behalf of the Japanese government.