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.
Ahman Pategi University Habeeb Saidu Elelu Saidu Isa Fatai Adeniyi Garba Lawyers Unite Against Corruption Kunbi Titiloye Ilesha-Gwanara TETFUND Towoju Otoge COVID-19 Palliatives Naira Redesign Gbemisola Oguntimehin Hassan Taiye Salam Wahab Abayawo Tsaragi Firdaos Amasa Salaudeen Oyewale Press Release Joseph Bamigboye Oba Mogaji Abdulkadir Ibrahim Abdulqadir Abikan Sherif Shagaya NNPP Olaiya Lawal Ilorin East Olajumoke Monsura Gafar Abdulmumini Jawondo Babata Babatunde Idiagbon Sidikat Uthman Ajibola Kwara Polytechnic Hamza Usman Kwara State Government Salihu Alhaji Musa Olabanji Orilonishe Abdulahi Abubakar Bata SGBN Shettima Of Ilorin Islamiya Abdulraheem Lukman Oyebanji Fagbemi Kwara State Fire Service V.O. Abioye Isaac Gbenle Federal College Of Education (Special), Afon Okin High School Bello Bature Lanre Olosunde Curfew Aliyu Salihu Tunde Akanbi Ilorin Curfew Abdulkadir Remi Hawawu Olokoba Sulyman Oluranti Idowu Akande Idowu Ayoola Muhammed TESCOM Salman Suleiman Danhawa Marufat Oladosu High Court Yahaya A Paniyaro Yaman Pius Abioje Overland Ibrahim Gambari Elekoyangan Trade Lenda SME Fair Garba Ado Sanni REO CAKES Oasis Muslim Care Foundation Col. Ibrahim Taiwo Nigerian Correctional Service Toyin Sanusi Shaaba Lafiagi Kamaldeen Kehinde

