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Abuja Enterprise Agency disburses N135m grant to MSMEs

The Federal Capital TerritoryAdministration (FCTA) through the Abuja Enterprise Agency, has disbursed grants worth over N135 million...

The Federal Capital TerritoryAdministration (FCTA) through the Abuja Enterprise Agency, has disbursed grants worth over N135 million to support more than 700 Micro, Small, and Medium Enterprises (MSMEs) across the six area councils of the FCT.

The second phase of the FCT-AEA  CARES Grant aims to alleviate the impact of the COVID-19 pandemic on businesses and foster their resurgence.

Speaking to the beneficiaries, Shehu Abdulkadir, the Managing Director/CEO of the

Abuja Enterprise Agency (AEA) enumerated   the pivotal roles the grant plays in driving MSMEs’ recovery.

He said, ‘’With the support of the World Bank, the FCT-AEA CARES Grant empowers entrepreneurs to rebuild and thrive amidst the pandemic-induced challenges.

As technology has become an indispensable tool for business continuity, Abdulkadir emphasized the importance of leveraging technological advancements to enhance competitiveness and adaptability

He said the FCT-AEA CARES Grant exemplifies the FCT Administration’s commitment to bolstering the growth of MSMEs, fostering job creation, and promoting economic resilience.

He said the Abuja Enterprise Agency would continue to monitor the grant utilization closely, ensuring that the funds are maximized to achieve the desired impact on business recovery in the FCT.

 

 

 

 

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