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.
Binta Abubakar Mora Ibrahim Labaika Elesie Of Esie Hassan Saliu Imam Gambari Kemi Adeosun Leke Ogungbe ASKOMP AIT Ilorin Moses Rahman Popoola IYA YUSUF Bello Oyedepo Al-Adaby Marufat Oladosu Hydro-electric Power Producing Areas Development Commission Offa Poly Abdulrauf Aliyu Paul Odama Suleiman Yahya Alapansapa Chikanda Abdulmumin Yinka Ajia Aliyu Alhassan NaAllah Mutawali Of Ilorin Mohammed Alabi Lawal Moses Salami KWATMA RTEAN Yomi Ogunsola Abdulmalik Bashir Mopelola Risikatullahi Ekweremadu United Nigeria Airline Farouk Salim Ilesha-Baruba-Gwanara Shagari Kwara Politics Kayode Alabi Gbadeyan Gbadura Yomi Oloyede Sabitiyu Grillo Alikinla Okin Malt Usman Alkali Baba Onilu Ayodele Olaosebikan Egbewole Babaita Atiku Doyin Group Abubakar Abdulraheem Temi Kolawole Ishola Moses Abiodun Kishira Shuaib Boni Aliyu Umar Sanda Yusuf Oko-Olowo Sebastine Obasi Otunba Taiwo Joseph Balogun Fulani Dar-Al-Handasah Consultants Olusin Of Ijara Isin Oyedepo Abubakar B.M Abdulmajeed Abdullahi Kumbi Titiloye Ibraheem Abdullateef 11th Galadima Arinola Fatimoh Lawal Raliat AbdulRazaq Yusuf Ali Code Of Conduct Ibrahim Akaje Jimoh Lambe Abdulkareem Ilorin West Curfew Aliyu Kora-Sabi Mufutau Gbadamosi Esuwoye

