President Bola Ahmed Tinubu has welcomed the construction of a $12 million Abuja Centre for Entrepreneurship (ACE), describing the initiative as an important step toward strengthening Nigeria’s micro, small and medium enterprises (MSMEs) and expanding opportunities for entrepreneurs.

The centre is expected to provide a platform designed to support aspiring and existing entrepreneurs with the resources, skills and opportunities needed to develop sustainable businesses.

The initiative comes at a time when MSMEs remain an important part of Nigeria’s economic landscape, contributing to employment, local production and economic activity across communities.

By supporting entrepreneurship and business development, the Abuja Centre for Entrepreneurship is expected to help create jobs, encourage innovation and provide a stronger foundation for small businesses seeking to expand their operations.

President Tinubu’s support for the project underscores the administration’s stated focus on private-sector development, job creation and policies aimed at expanding economic opportunities for Nigerians.

With the investment of $12 million, the Abuja centre is positioned as a potential hub for entrepreneurship, business development and skills acquisition, with the broader objective of helping more Nigerians turn ideas and small-scale ventures into sustainable enterprises.

The project therefore represents more than the construction of another business facility; it reflects an effort to build an ecosystem where entrepreneurs can access the knowledge, support and opportunities required to participate more effectively in Nigeria’s growing economy.