The Small and Medium Enterprises Development Agency of Nigeria has secured a $12m commitment from the South Korean Government to establish a Skills Acquisition Centre in Abuja as part of efforts to deepen entrepreneurship, tackle unemployment, and strengthen Nigeria’s small business ecosystem.
The Director-General and Chief Executive Officer of SMEDAN, Charles Odii, disclosed this in a statement on Sunday to mark the 2026 World MSME Day, themed “Empowering MSMEs through Innovation and Sustainable Industrial Development.”
Odii said the proposed centre would provide vocational and entrepreneurial training to thousands of young Nigerians and improve the productive capacity of Micro, Small, and Medium Enterprises across the country.
He revealed that the agency was awaiting the allocation of land from the Federal Capital Territory Administration to commence the project. According to him, SMEDAN is determined not to allow Nigeria to lose the opportunity presented by the South Korean Government’s intervention.
“We need land in the FCT to build the Skills Acquisition Centre. If the FCT Administration is unable to provide one, we will use our office premises in Idu, Abuja, because we do not want Nigeria to miss this $12m commitment and opportunity offered by the Korean Government to support skills and vocational training.”
