• About
  • Advertise
  • Careers
  • Contact Us
Friday, June 20, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Mobility
    • Environment
    • Travel
    • StartUPs
  • Economy
  • TECHECONOMY TV
  • TBS
  • About Us
  • Contact Us
  • Telecoms
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Mobility
    • Environment
    • Travel
    • StartUPs
  • Economy
  • TECHECONOMY TV
  • TBS
  • About Us
  • Contact Us
  • Telecoms
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home Business StartUPs

FG Gets Over N18 Billion ($12M) Backing from Japan to Build Abuja Innovation Hub

by Joan Aimuengheuwa
April 11, 2025
in StartUPs
0
Abuja Innovation Hub
Source: NITDA/X

Source: NITDA/X

UBA
Advertisements

The federal government has sealed a deal with the Japan International Cooperation Agency (JICA) to build a multimillion-dollar innovation hub in Abuja. 

The project, backed by a ¥1.6 billion grant — that’s about $12.1 million or over N18 billion — and is aimed at raising tech entrepreneurs across the country.

The deal was formally signed in Abuja at the Ministry of Budget and Economic Planning, where government officials and Japanese delegates gathered to finalise the agreement. Representing Nigeria was Senator Abubakar Atiku Bagudu, while Mr. Hitoshi Kozaki stood in for Japan.

No long talk — this is about serious business.

This is beyond just a normal handshake in the name of “partnership.” The Japanese money is going into bricks, networks, and brains.

The Abuja innovation hub will rise as a central structure in Nigeria’s growing tech ecosystem, and it’s not just about the building — it’s about what’s going to happen inside it. Talent will be shaped. Ideas will be tested. Ventures will rise.

Over the next five years and eight months — from April 2025 until December 2030 — the National Information Technology Development Agency (NITDA) and the Nigeria Sovereign Investment Authority (NSIA) will jointly steer the project. The goal is to get young Nigerians to create businesses that can scale beyond Nigeria and rival some of Africa’s top startups.

There’s a clear line from this project to the presidency. President Tinubu’s Renewed Hope Agenda has been flagged as the backdrop for this initiative, a comprehensive economic blueprint that leans on tech and private sector investment to drive job creation. 

Kashifu Inuwa, director general of NITDA, pointed to earlier collaborations with JICA, particularly the iHatch incubation programme, which he described as a concrete example of results.

“We have been collaborating with them on so many initiatives like iHatch. The pilot we did resulted in creating over 117 direct jobs and more than 370 indirect jobs, and now we are working together with them to expand it to all 36 states and the FCT,” he said.

The iHatch programme offers six months of startup incubation, helping teams build real products using Japanese technical support. It’s the kind of targeted intervention that goes beyond workshops and buzzwords. Real ventures. Real jobs.

But it doesn’t stop there.

NITDA and JICA have also been connecting the dots between Nigerian and Japanese innovators. Startups are getting the chance to network, learn, and even showcase their products in Japan — a rare opening in a country where international exposure can be a game-changer.

Women aren’t being left out of the equation either. Last month, both agencies rolled out the “IgniteHer” Entrepreneurship Bootcamp — a five-day intensive in Abuja aimed at giving women founders the tools to break structural barriers and scale their businesses.

There’s a lot on the table. Money, mentorship, access, and infrastructure. What remains is execution.

Loading

Advertisements
MTN ADS

0Shares
Tags: Abuja Innovation HubAbuja startup hubFG Innovation Hub FundingJapan International Cooperation Agency (JICA)Japanese Investment in NigeriaJICA iHatch ProgrammeNigeria Innovation FundingNigeria Sovereign Investment Authority (NSIA)Nigeria Startup HubNigeria Startup IncubationNigerian Government Tech InitiativesNigerian Tech EcosystemNITDA and JICA PartnershipRenewed Hope AgendastartupsTech Entrepreneurship in NigeriaTech Jobs in NigeriaWomen in Tech Nigeria
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Next Post
FG Inaugurates New Board at Galaxy Backbone

FG Inaugurates New Board at Galaxy Backbone

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Worldcoin

Kenya Suspends Worldcoin Cryptocurrency, Amid Data Protection Probe

2 years ago
Ebenezer Olufowose Chairman First Bank Nigeria

Meet Ebenezer Olufowose new Chairman First Bank Nigeria

1 year ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Mobility
      • Environment
      • Travel
      • StartUPs
    • Economy
    • TECHECONOMY TV
    • TBS
    • About Us
    • Contact Us

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.