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.
Idris Garba Ajikobi Shehu Salau Code Of Conduct Bureau Savannah Centre For Diplomacy, Democracy And Development Abdul-Rahoof Bello Abdulrauf Yusuf Salihu Jibril Garbi Shoprite Ilota Stephen Fasakin Sidikat Uthman Ajibola Rafiu Ajakaye Bankole Omisore Nigeria Customs Service Saka Isau NFAI Sidikat Akaje Awwal Jawondo Presidential Election Sa\'adatu Modibbo-Kawu Yashikira Taiwo Joseph Babajide Ajayi Pakata Patriots Igbaja Gbenga Adebayo Yusuf Mubarak Muslimah Entrepreneurship Forum Public Holiday Ajidagba Mohammed Tunde-Jimoh Mahmud Babatunde Baker ARMTI Kale Kawu Olabanji Orilonishe Shuaib Olarongbe SGBN Ahmed Idris Mohammed ANCOPPS A.O. Belgore Ariyo Kwara State Fish Farmers Association Salman Jawondo Kwara Politics Mary Kemi Adeosun PharmAccess Foundation Kemi Adeosun RTEAN Shettima Of Ilorin Usman Yunusa Bola Shagaya Saliu Oluwole Haliru Dantoro Sheriff Olanrewaju Tsaragi Muftau Akanbi Oke Societe Generale Bank Of Nigeria Simeon Sayomi IHS Ilorin International Airport Raji AbdulRasaq Moronfoye JUSUN CCEPE Saliu Shola Taofeek Babs Iwarere Ibrahim Orire Abubakar Atiku Bayo Ojo Abdulkadir Jimoh Titus Ashaolu Alaiye Afonja Kawu Kwara 2023 Budo-Egba

