FCTA Creates 13,670 Jobs, Funds 4,761 SMEs In 11 Months

The Federal Capital Territory Administration (FCTA) through the Abuja Enterprise Agency (AEA) said it has created 13,670 jobs and funded 4,761 small and medium enterprises (SMEs) in the last eleven months of 2023. 

The acting managing director and chief executive officer of the agency, Mr Chudi Ugwuada-Ezirigwe, disclosed this yesterday during the end of the year press briefing in Abuja. 

 He explained that during the period under review, the agency had created 13,670 jobs, funded 4,761 businesses, and created 3,868 enterprises. 

 Ugwuada-Ezirigwe revealed that the agency had also gone ahead as part of its engagement and activities promoted 9,557 entrepreneurs, grew 7,327 enterprises, and built the capacity of 1,962 entrepreneurs under the period.

 He said AEA is an intervention agency of the FCT Administration established with a clear mandate of job creation, wealth creation, and poverty alleviation.

 According to him, from January to November, the agency had designed different programmes, services, and activities that are targeted towards the achievement of the set mandate.

 He said the administration was working in collaboration with the United Kingdom Department for International Development to imbibe the corporate culture of performance.

 Ugwuada-Ezirigwe said: „The categories of the persons that we serve are people who can drive the economy as it is globally accepted and agree that SMEs are the drivers of the economy.

 “During the period under review, the Agency created  13,670 jobs, financed 4,761 businesses, and created 3,868 enterprises.  

“We have also gone ahead as part of our engagement and activities promoted entrepreneurship to  9,557. The Agency grew 7,327 enterprises and built the capacity of 1,962 entrepreneurs. 

„We have conducted several outreach programmes, and provide businesses and services to over 3,000 entrepreneurs. For us as an Agency of FCT Administration, our services are targeted at rural people across the six area councils of the Federal Capital Territory“.