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.
Danhawa Babatunde Idiagbon Oba Abdulkadir La\'aro Mohammed Jimoh Faworaja Razak Atunwa Okoolowo Muhammed Taofeeq Abdulrazaq Chief Imam Of Ilorin Kazeem Gbolagade Adamu Jemilat-Baki Yemi Sanni Lanwa Ishola Balogun Fulani Dauda Adesola Bisi Kristien Ilorin.Info Ministry Of Women Affairs And Social Development Abdul-Rahoof Bello CT Ayeni 3MTT Kwara Poly Abdulganiyu AbdulAzeez Olaiya Victor Mobolaji Oke-Odo Oya State Bola Ahmed Tinubu Oyedepo Sheu Ndanusa Usman KWASEIC Abraysports FC LABTOP Ishola Abdullahi Ridwan Agboola Sayomi Forgo Battery Company Limited University Road Dagbalodo Plat Technologies Minister Ile Arugbo Niyi Ogundiran Moro Bolakale Kawu Agaka College Of Health Tescom.kwarastate.gov.ng Samari Afolabi-Oshatimehin Justina Oha Orisun Igbomina Issa Manzuma Ahman Pategi University Funke Adedoyin Emir Of Ilorin Kubra Kazum Just Law Forum Olaoye B. Felix Third Estate Adebayo Mohammed Kamaldeen Aisha Gobir Olumide Daniel Ibitoye Olohungbebe Ishak Mohammed Sabi Kwara State University Of Education Ola Falade Isiaka Yusuf Col. Taiwo Muhammadu Buhari NTA Ilorin Innocent Okoye Garuba Alikinla Shittu Saadatu Modibbo-Kawu Ayedun Budo-Egba IHS Towers FERMA Amoyo Onikijipa

