President Bola Tinubu has welcomed the construction of the $12 million Abuja Centre for Entrepreneurship, stating it will strengthen Nigeria's MSME ecosystem and help businesses grow, create jobs, and expand economic activity. The centre is funded by the Republic of Korea through the Korea International Cooperation Agency (KOICA) and is being developed at the SMEDAN Industrial Development Centre in Idu, Abuja, in partnership with the Federal Government through SMEDAN and the United Nations Development Programme (UNDP). According to presidential spokesperson Bayo Onanuga, the centre will support the wider MSME and entrepreneurship ecosystem by providing facilities, technology, training, and enterprise support for aspiring entrepreneurs, start-ups, and growing businesses. It has an initial target of 500 entrepreneurs, 400 start-ups, and 1,500 MSMEs, with about $5.9 million allocated for construction and $6.1 million for other purposes.
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