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.
V.O. Abioye Mahmud Ayinla Giwa Saka Keji LABTOP Ola Falade Ajibola Ademola Julius Aisha Ahman-Pategi Abdul Jimoh Mohammed Olushola Saraki Michael Ologundea Prince Bola Ajibola Kisra Sa\'adu Salau JUSUN Bukola Saraki Adedayo Yusuf Abdulkareem Mashood Abdulrafiu Agboola Osuwa Yakub Lai Gobir Folorunsho Erubu Offorjama Bankole Omisore MMWG Abdulrahman Abdulrasak Abdul-Rasheed Na\'Allah Ajidagba Ahmad Olanrewaju Belgore Simon Sayomi Doyin Awoyale N-Power Ajibola Saliu Ajia Na\'Allah Oloriegbe Alumni Association Of The Federal Polytechnic Offa Idiagbon NULGE Afolabi-Oshatimehin Ayo Adeyemi Babs Iwarere Abdulmajeed Abdullahi Maja Ijagbo Popo-Igbonna Kwara Muslim Pilgrims Welfare Board Federal Neuro-Psychiatric Hospital Bayer AG Toyin Saraki Muhammad Mustapha Suleiman Bayer Nigeria Limited Ajeigbe Ilorin International Airport Lanre Issa-Onilu Jimoh Bashir Ishaq Salman Ahmed Idris Mohammed Sheriff Olanrewaju Students Union Government IYA ALFA NLA SSUCOEN John Olajide Adedipe Arinola Fatimoh Lawal Tunde Yusuf Yusuf A. Usman Ezekiel Yissa Benjamin Shettima Of Ilorin Standard Organization Of Nigeria Omoniyi Saliu Ajia Boko Haram Alagbado Ilorin Emirate Staff Association Mufutau Olatinwo Code Of Conduct Bureau KWASSIP Idowu Aremu Durosinlohun Kawu Sulyman Age AbdulKareem

