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.
2023 Elections Ojuekun Sarumi Damilola Yusuf Adelodun Monthly Sanitation Marufat Oladosu Yomi Ogunsola Sulyman Tejidini Babajide Ajayi Oba Abu AbdulGaniyu Kareem Ike Ekweremadu Ishola Balogun Fulani Ibrahim Mohammed Joseph Offorjama Ahman Pategi Falokun-Oja Farouk Salim Public Holiday Ahmed \'Lateef Jimoh Saadudeen Muhammed Tunde Kazeem Okedare Akume Seed Technologies Oba-Solagberu Eruku Omupo Alliance For Democracy SSA Youth Association Of Kwara State Online Media Practitioners Hameed Oladipupo Ali Saudat Abdulbaqi Kwara 2015 Ajuloopin Abubakar Abdullahi Bata Taibat Ayinke Ahmed Doyin Group Arinola Lawal Nigerian Medical Association Simeon Ajibola Gbadeyan Gbadura Yomi Jimoh Lambe Abdulkareem Marafan Shonga Kale Bayero Saidu Yaro Musa Sheikh Alimi Abikan Oasis Muslim Care Foundation Aliyu Sabi Ijagbo Health Centre Fareedah Dankaka Wahab Kunle Shittu Centre For Digital Economy Mary Kemi Adeosun NIPR Emir Of Shonga New Nigeria People’s Party Yakubu Dogara Modupe Oluwole Salary Oko-Olowo Wasiu Odewale Bashiru Makama Rebecca Bake Ndama Al-hassan Moronfoye Yusuf Olaolu Ali Isiaq Khadeejah Chemiroy Nigeria Limited Modibo Kawu Pakata Development Association Baba Idris Bashir Adigun Galadiman Ngeri Democracy Day John Mayokun Dada Timothy Olatunde Fadipe

