In a major boost to Nigeria’s 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 Japan’s 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 funds—allocated with provisions for contingencies—will be disbursed in phases through 2030 and will cover infrastructure development, equipment procurement, and consultancy services.
Leave a comment