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.
Oke-opin Muhammad Sirajo Aliyu Al-Adaby Muritala Olarewaju Sa\'ad Alanamu Abdullahi AbdulMajeed Chief Imam Of Offa Lanre Badmas Tescom.kwarastate.gov.ng Students Union Government Emmanuel Olatunji Adesoye Adamu Atta SWAN Undergraduate Bursary Mohammed Khadijat Kubura Olomu Rafiu Olasile Abdulquawiy Olododo Baba Adini Of Kwara State Obayomi Azeez ITEM 7 Tunde Idiagbon Road Ramadan Christopher Tunji Ayeni Esinniobiwa Quareeb Alaaya Gobirawa Abdulmutalib Shittu Imam Gambari Hassan Oyeleke Razak Atunwa Umar Gunu Samuel Olusegun Adedayo EndSARS Kabir Shagaya Ajase-Ipo Kwarareports.com Moses Adekanye Binta Abubakar-Mora Ibrahim Labaika Omotoso Shehu Salau Arinola Lawal Tosin Saraki Waheed Ibrahim Yusuf Lanre Badmas Shuaib Jawondo NNPP Titus Ashaolu Olushola Saraki Fatai Adeniyi Garba Ayinde Oyepitan Abdulkadir Orire Ahmad Lawan Haruna Olawale Sulaiman Abdulraufu Mustapha Teachers Specific Allowance Wahab Isa Valsolar Consortium Yakub Lai Gobir Henry Olaosebikan Abubakar Baba Gbajabiamila Taofik Abdulkareem Muhammadu Gobir Kwara Hakeem Idris Ojo Isekuse Overland Abdulhakeem Amao Labour Party Oke-Kura Lai Mohammed Baba Idris Ibrahim Akaje Sa\'adatu Modibbo-Kawu Danhawa

