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.
Maimunat Oloriegbe Abdulmajeed Abdullahi Baba Adini Of Kwara State Salihu Yahaya Ahmed Mohammed Rifun Abdulsalam Firdaous Amosa Mujtabah Bature Dorcas Afeniforo Patigi Regatta Tsaragi NTA Ilorin Rafiu Ibrahim Shero Mohammed Kamaludeen Ado Bayero Kwara State Internal Revenue Service Shoprite Abdulrahman Abdulrazaq Saheed Alakoso Idi-Ape Aiyedun Nigeria Governors\' Forum Maigida Soludero Transit Alfa Belgore Haashim Initiative For Community Advancement Mustapha AbdulGaniyu Olatinwo Oba Sulaiman Asude Zubair Folorunsho Erubu KWATMA Simeon Sayomi Gbenga Adebayo Alao Ayotunde Forgo Battery Towobola Abdulrahman Toyin ITP Ndama Al-hassan KwaraLearn Elelu Dumagi Raliat AbdulRazaq Nigerian Medical Association KFA Volunteers Of Ilorin Community And The Emirate Kwara 2019 Olatunji Moronfoye Jare Olatundun Afolayan SGBN Bilikisu Oniyangi Sherif Shagaya Abdulahi Abubakar Bata Makama Of Ilorin Atiku Abubakar Saka Abimbola Isau Tanke Flyover Bridge Emir Of Shonga Admiralty Villa Standard Organization Of Nigeria Geri-Alimi Split Diamond Interchange Abdulkadir Akanbi-Oke Iyabo Dupe Adekeye Turaki Mufutau Olatinwo Henry Makinwa Olohungbebe Muhammed Taofeeq Abdulrazaq Okin Biscuits Kwara Central Akume QuickWin Yakubu Danladi Ishola Abdullahi KWASIEC CCEPE Sunday Popo-Ola Government House

