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.
Maigida Soludero Transit Communication Network Support Services Olatunji Ibrahim Yahaya Dumoye Babatunde Ajeigbe Muritala Olarewaju Ile Arugbo Gbemisola Saraki Bursary Yahaya Jibril Usman Amos Justus Sayo Olatunde Michaels All Peoples Party Boko Haram Muhammed Taofeeq Abdulrazaq Salihu Ajibola Ajia Ayinde Oyepitan Hauwa Nuru Idiagbon Kazeem Gbolagade Afolayan Oke-Ero Oasis Muslim Care Foundation General Hospital, Ilorin Christopher Odetunde Wahab Egbewole Saliu Mustapha Bayer Nigeria Limited Kwara State Geographic Information Service Wasiu Onidugbe Sherif Shagaya Mohammed Kamaludeen Grillo Arinola Lawal Vasolar-Kwara Company Ltd Ilorin East/South Federal Constituency Kemi Adeosun Onilu Abubakar Abdulraheem Christopher Ayeni Damilola Yusuf Kwarareports Ayedun Erubu Oba Zubair Toyin Saraki Al-Ilory Budo Egba Adamu Attah Kwara State Television REO CAKES KFA Sulyman Tejidini Kazeem Oladepo Adolescent Girls Initiative For Learning And Empowerment Saadu Alanamu Orisun Igbomina Ganiyu Taofiq Alfa Modibbo Belgore Matthew Babaoye AbdulHakeem Ajibola Akanbi Baba Issa Awoye Ileloke Taofeek Ibraheem Asa LGEA School Emmanuel Bello Split Diamond Interchange Haashim Initiative For Community Advancement Oba David Oyerinola Adedunmoye Ridhwanullah Al-Ilory Oba Abu Y.A. Abdulkareem Moshood Bakare Seni Saraki Hassan Taiye Salam Kwara Apc Albert Ogunsola Yinka Aluko

