3,000 Kwara SMEs to Get Post-COVID-19 Relief Grants
About 3,000 Small Scale Business Enterprises(SMEs) owners in Kwara State have been selected to benefit from the first batch of operational cost grants under the Kwara COVID-19 Action Recovery and Economic Stimulus (CARES) Programme.
The programme, a World Bank initiative to be underwritten by the state government, is designed to cushion the effects of COVID-19, improve the state of MSMEs to boost the local economy, and increase the employment rate in Kwara State.
The Operational Team Lead of the Kwara COVID-19 Action Recovery and Economic Stimulus (CARES) Programme, Mr. Jaiye Jegede, stated this in Ilorin in a statement yesterday.
He said: “4,225 successful applicants underwent the vetting process for disbursement linked indicator, DLI 3.2.
At the end of the vetting process, over 3,000 successful applicants are currently being contacted for enumeration by agents from the Bank of Industry”.
Jegede announced that over 20,000 applicants from across all 16 local governments had applied through a hybrid of online and offline registration processes at the Ministry of Business, Innovation and Technology and the Kwara state Social Investment Programmes office.
“Following the registration, which was open to all small business owners in Kwara state, over 4,000 successful applicants for the operational cost grants (also known as disbursement linked indicator 3.2) were contacted by the Bank of Industry (BoI), who are the implementing partners to fill a vetting form requesting for further information on their businesses,” he added.
The statement explained that the programme would kick off disbursement with the operational cost grants also known as DLI 3.2, followed by the Credit grant and IT enhancement grant.
“The programme is focused on improving the employment rate and ease of running businesses in the state,” it added.
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Nurudeen Mohammed Crystal Corner Shops Abubakar Atiku Kumbi Titiloye Akande Idowu Ayoola Muhammed Raliat AbdulRazaq KWASIEC Buhari Shettima Of Ilorin Abatemi-Usman Mustapha Olanipekun Muideen Olaniyi Alalade African Democratic Congress Ayodele Olaosebikan Mohammed Haruna Yusuf A. Usman Oba Mogaji Abdulkadir Maigida Ijagbo Health Centre Owo Arugbo Yemi Osinbajo Niyi Ogundiran AbdulKareem Yusuf Danhawa Umar Ahmed Gunu Chief Imam Of Lafiagi PharmAccess Foundation Tayo Awodiji Oko-Olowo Olatunde Oyeyiola Iqra Books Ramadhan Ajeigbe Umar Ayinla Saro Ojuekun LABTOP Yusuf Lanre Badmas Ishaq Salman Neo Mundo Ltd Nigerian Correctional Service Lithium Deposit Mutawalle Nigeria Computer Society Ajibola Saliu Ajia Yahaya Seriki Adama Isa Manzuma Bolakale Kawu Agaka Kawu Student Learning Support Helpline Kayode Zubair Kwara State Coalition Of Business And Professional Associations Jalala Erin-ile Moremi High School Olabode George Towoju John Olajide Adedipe Muhammadu Gobir David Oyepinola Adedumoye SWAN Ayo Adeyemi Bola Shagaya Olabanji Orilonishe Musbau A. Akanji Muhammad Sirajo Aliyu ARMTI Fareedah Dankaka Abubakar Baba Tunde Yusuf KWAFFA Binta Abubakar-Mora Toyin Abdullahi Sheikh Ridhwanullah Basic Education Certificate Examination Yakub Lai Gobir Sherif Shagaya Olohungbebe Tunji Ajanaku

