Japan Invests $30 Million in Nigeria’s Tech Growth
A Major Boost for Nigeria’s Digital Economy
Japan has invested $30 million to support Nigeria’s growing tech scene. This investment will help build innovation hubs in Abuja. It comes through an agreement between the Japan International Cooperation Agency (JICA) and the Nigerian government. The project is part of both countries’ push for sustainable development and stronger economic ties.
Two Key Projects to Drive Innovation
The deal funds two main projects. First, $9.9 million will go toward building a modern start-up hub in Abuja. The National Information Technology Development Agency (NITDA) will lead this effort. Second, $21 million will support social start-ups. This phase will be managed by the Nigeria Sovereign Investment Authority (NSIA).
Both projects will promote innovation, create jobs, and support entrepreneurs solving real-world problems. The funds will cover infrastructure, digital tools, and expert support. They will be released in stages until 2030.
Signing the Agreement and Moving Forward
Senator Atiku Bagudu, Nigeria’s Minister of Budget and Economic Planning, signed the agreement. Mr. Yuzurio Susumu, JICA’s Nigeria Chief Representative, signed for Japan. Senator Bagudu called the deal a “milestone” for youth development and innovation-led growth.
While Japanese firms will be preferred for major contracts, local suppliers will also have roles. NITDA will ensure that all needed permits, utilities, and safety standards are in place during the construction.
NITDA’s Role in Building the Future
Kashifu Inuwa, NITDA’s Director General, praised the agency’s strong relationship with JICA. He mentioned the success of the iHatch program, which has created hundreds of jobs. Because of this success, the program will expand across all 36 states and the Federal Capital Territory.
The six-month iHatch program helps start-ups develop products that are ready for market. It also connects entrepreneurs with mentors and experts.
Global Exposure and Inclusion
Inuwa added that Nigerian start-ups will gain global exposure through JICA’s support. Some will travel to Japan for tech events and learning exchanges. Also, JICA and NITDA recently launched the IgniteHer Bootcamp in Abuja. This workshop supports women in tech and promotes diversity in the digital space.
Looking Ahead to 2030
The Abuja Start-Up Hub will become a major center for innovation in West Africa. It will offer modern tools, shared workspaces, and support for tech entrepreneurs. Construction starts in April 2025 and will continue through December 2030.
This project aligns with President Bola Tinubu’s Renewed Hope Agenda. It supports Nigeria’s vision to lead Africa’s digital transformation.
