AEA Links Abuja MSMEs with financial institutions

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The Abuja Enterprise Agency (AEA) has strengthened ties between Micro, Small, and Medium Enterprises (MSMEs) in the Federal Capital Territory and financial institutions through its 11th 360 Business Clinic.

The event, held on Thursday, brought together small business owners, regulatory bodies, and financial institutions to address challenges hindering MSME growth.

FCT Head of Service, Grace Adayilo, emphasized the importance of the annual initiative in resolving bottlenecks and promoting ethical business practices.

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She reaffirmed the FCT Administration’s commitment to SME development, particularly for women and youth empowerment.

Acting Managing Director of AEA, Chudi Ugwuada-Ezirigwe, highlighted the crucial role of MSMEs in driving domestic capital formation, job creation, and economic growth.

He noted persistent challenges faced by MSMEs, including limited market access and difficulties in securing credit.

Participants leveraged the event to network and gain insights from regulators and financial institutions, reinforcing efforts to build a stronger business ecosystem in Abuja.


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