Tinubu says South Korea-funded Abuja centre will back small businesses

President Bola Tinubu has said a $12 million entrepreneurship centre in Abuja will support micro, small and medium-sized enterprises, according to Premium Times. The facility is funded by South Korea through the Korea International Cooperation Agency, known as KOICA. The supplied report did not state when construction or operations would begin.

The centre is expected to provide training, technology and incubation support to entrepreneurs. It is also intended to offer other forms of business assistance, although the available material does not specify the full range of planned services. The announcement identifies micro, small and medium-sized enterprises as the intended beneficiaries.

The report does not provide details of the number of businesses expected to use the facility, the sectors it will cover or the arrangements for accessing its programmes. It also does not give further information about the project’s location within Abuja, its construction status or the roles of the Nigerian government and KOICA beyond the funding reference. Tinubu’s statement, as reported, focused on the centre’s expected contribution to entrepreneurs and smaller businesses.