Federal Capital Territory Administration (FCTA) has promised to give priority to young entrepreneurs’ skills development, as a measure to bridge the gap and espouse economic growth in Nigeria.
The permanent secretary of FCTA, Adesola Olusade made this known yesterday when he launched the 4th edition of the Abuja Business Plan Competition (ABPC).
Olusade said the Abuja Business Plan Competition was one of the innovative platforms the administration designed to foster youths’ participation in harnessing their potential and also generating wealth.
He said the previous competitions had produced young entrepreneurs who have become emerging leaders in the business world through their skills, products, and services, which they are already exporting outside Nigeria.
“The FCT administration believes firmly in the huge potential of young Nigerians in producing the future business leaders and innovators who will rejuvenate the economic growth of our nation.
“That is why we are investing heavily in youth development projects, programs, and interventions like the Abuja Business Plan Competition which has the potential of creating jobs, generating wealth, and building the next generation of business leaders,” he said.
Also, the managing director of Abuja Enterprise Agency (AEA), Shehu Abdulkadir said the agency was partnering with several organisations to deepen the impact of competition while strengthening the achievements of the past.
Earlier, the director-general of the Small and Medium Enterprises Development Agency (SMEDAN), Wale Fasanya hinted at donating an award to the winners of the competition, that his agency was collaborating with some financial Institutions to give interest-free loans to young entrepreneurs.
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