As part of efforts to support the development, growth of businesses and encourage healthy competition among entrepreneurs in the Federal Capital Territory(FCT), the FCT Administration (FCTA), Tuesday unveiled its 3rd Abuja Business Plan Competition (ABPC).
The competition, according to Minister of State for FCT, Olajumoke Akinjide, who did the unveiling, presents an exciting opportunity for young people to develop and present business plans for new and emerging ventures.
Akinjide, who was represented by her Senior Special Assistant (SSA), Mrs. Jumai Kwanashie, said the key objective of the competition is to generate jobs by encouraging and supporting aspiring young entrepreneurs, especially those that will lead to job creation.
She said: “The competition will no doubt provide aspiring youth, the platform to showcase their business acumen, skills and aspirations to business leaders, investors and captains of industry in Nigeria.”
According to her, the competition is open to all kinds of potential and existing businesses as long as it is viable and has a demonstrable capacity to create jobs.
She assured that the FCTA will continue to support the hosting of this competition and other programmes of Abuja Enterprise Agency(AEA) as part of its resolve to provide better life for residents of the territory.
In a remark, AEA Managing Director, Aisha Abubakar, said the competition is intended to initiate an avenue to empower large businesses, financial institutions and other corporate entities and support upcoming entrepreneurs.
Aside prizes to be won, Abubakar said such business plans will receive assistance and possible sponsorship, which include access to N10 million grants by corporate organisations, investors and other stakeholders.
She hinted that only 20 successful entrepreneurs will be shortlisted, out of which only three will emerge the final winners, who will go home with N1 million each.
Speaking to journalists, one of the former beneficiaries, Saidat Shonaiki, attested to the benefits of the programme: “It is an avenue that all our youths should avail themselves of. AEA has made me come out of my shell, they has boosted my business; AEA gave us the opportunity to plan our business and to run a profitable company. Presently we are expanding our businesses.”