AEA Flags Off 3rd Financial Literacy And Inclusion Awareness

Campaign To Boost MSMEs Abuja Enterprise Agency (AEA) has flagged off the 3rd segment of its periodic literacy and financial awareness campaign aimed at boosting the financial knowledge of Micro, Small and Medium Enterprises (MSMEs) in the Federal Capital Territory (FCT). With the theme ” Building a sustainable economy through financial literacy and inclusion, the flag off ceremony held on Tuesday at AEA auditorium Abuja, had series of video presentations, panel session and discussions which dwelt extensively on financial literacy. The programme which was carefully designed for meeting sessions with MSMEs in Abuja is expected to be taken to the streets and market centers for direct accessibilities that can enable MSMEs to be able to make financial decisions that will impact positively on their businesses, build secured financial future and wealth creation. Speaking at the ceremony, the Acting Managing Director/ Chief Executive Officer of AEA Mr Chudi Ugwuada- Ezirigwe pointed out that we are in an era of global economy and financial complexity where the principle of financial inclusion has assumed greater level of financial importance. He stated that he is hopeful that at the end of the campaign all the targeted audience especially the small business operators would be exposed to the contemporary financial knowledge and information that would improve their personal income. He explained that “Low income earners constitute the largest proportion of every nation’s population and thus control a significant proportion of the economic activities therefore providing access to financial information to this category, most of whom are usually excluded from financial services would unlock many possibilities in wealth creation”. He disclosed that the effort to position the FCT as an entrepreneural Development hub would soon lead to the commencement of the activities of the Abuja Business School of Entrepreneurship (ABSE) aimed at delivering programmes that responds to the opportunities of a globalized and interconnected educational and entrepreneural ecosystems. The MD/CEO who rolled out the achievements Of AEA stated that it has recorded remarkable milestone which include the Sensitization of over 150 000 households on financial literacy and inclusion, delivery of business and financial management education to 38 127 MSMEs which have enhanced their financial knowledge and decision making, facilitation of access to financial services, facilitation of access to grants/loans facilities to approximately 30 000 MSMEs in the FCT under various government and private intervention programmes. He urged the participants to take the enlightenment sessions seriously and make maximum use of it for their financial growth and development.