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Entrepreneurship: KOICA Nigeria Signs MOU With Providus Bank On SMEs Growth

by Leadership News
2 years ago
in Business
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The Korean International Cooperation Agency (KOICA) Nigeria Office signed a Memorandum of Understanding (MOU) with Providus-Bank Nigeria on 29th November, to support the growth of SMEs in Abuja, through the Abuja Centre for Entrepreneur designed in collaboration with the Abuja Enterprise Agency.

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Country director of KOICA Nigeria Office, Sungil Son,  said KOICA will continue to engage with private sectors, exploring ways to provide a platform for young digital start-ups incubated through KOICA’s program.

This collaboration between KOICA Nigeria and Providus-Bank marks a significant milestone in fostering entrepreneurship, driving economic development, and addressing unemployment challenges in Nigeria. The partners look forward to a fruitful and impactful implementation of the Abuja Entrepreneurship Centre project, contributing to the growth of the SME. ecosystem in Abuja and beyond.

KOICA’s Abuja Centre for Entrepreneur (ACE) Project is a $12 million project aimed at establishing cutting-edge a digital hub tailored for start-ups and SMEs in Abuja which is to be implemented in hands with AEA (Abuja Enterprise Agency) from 2024 to 2028. Within the 5 years KOICA is planning to foster up to 2,100 digital startups assisting them with training, incubation, and funding opportunities.

The managing director and CEO of Providus-Bank, Walter Akpani, emphasised the bank’s dedication to promoting and expanding entrepreneurial activities through its diverse SME packages, saying the MOU signing ceremony, held at the Providus-Bank Corporate Office in Lagos, signifies Providus-Bank’s unwavering commitment to supporting entrepreneurs in Nigeria.

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