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.
Kisira Seed Technologies Crystal Corner Shops Lithium Deposit Ilorin Curfew School Of Nursing Bolakale Ayo Abdulkadir Remi Hawawu Yinka Aluko Okin High School Vasolar-Kwara Company Ltd Col. Taiwo Senate Ahmed Ayinla Jimoh Kehinde Boyede Ben Duntoye Olusegun Adeniyi Overland Ganmo Olufolake Abdulrazaq Shola Odetundun Idiagbon Wasiu Odewale Kwara State Fire Service Yusuf Lanre Badmas Kayode Ishola Omoniyi M. Ayinla Nigerian Medical Association Council Of The Wise Soffiyyallah Kamaldeen Ibrahim Jawondo Neuropsychiatric Hospital Solomon Edojah Obuh Abdullahi Adisa Akodudu Afolabi-Oshatimehin Adenike Harriet Idris Garuba Obasanjo Face Masks Yusuf Abdulraheem Olatunde Michaels Valsolar Consortium Ishaq Oloyede Olabode George Towoju KWASAA S.O. Opowoye Offa Descendants Union Quran Titus Suberu-Ajibola Adeleke Ogungbe ER-KANG Muhammad Ghali Alaaya Tanke Flyover Bridge Elerin Of Adanla Irese Muhammad Akande Olarewaju Odunade Muhammadu Buhari Kwarareports Ibrahim Mashood Ilorin Durbar Olatomiwa Williams Moremi High School Saba Jibril David Adesina Ahman Pategi Bank Of Industry Onikijipa Hussein Olokooba Kumbi Titilope Abdulrasaq Alaro Gobir Saadu Alanamu Savannah Centre For Diplomacy, Democracy And Development Abdulmumini Sanni Jawondo Wakilin Mata Lafiagi Oluwatoyin Lukman Mary Kemi Adeosun David Oyepinola Adedumoye

