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.
Kola Olota Ibrahim Gambari Oni Adebayo Musa Abdullahi Kayode Ibrahim Alabi Olayemi Abdulrazak Shehu Adaramaja Kale Ayo Awoye Javed Khan Kwara Coalition Of Business And Professional Associations Patience Jonathan Ilorin Amusement Park Bashiru Makama Owo Isowo Senate President Ayeyemi Sulaiman Abdulrahman Abdulrazaq IPSAS Taofik Mustapha Just Law Forum Oba Abdulrahim Idowu Laro Hikmah AbdulKareem Alaiye Alao Ayotunde Mumini Ishola Hanafi University Road Abdullahi Imam Abdullahi Titus Suberu-Ajibola Principal Private Secretary Saliu Shola Taofeek Eleyele Michael Imoudu National Institute For Labour Studies Joshua Adeyemi Adimula Barakat Community Secondary School Aisha Ahman-Pategi Agboola Abdulraheem Ayobami Akanbi Isiaka Oniwa Abdulkadir Jimoh Aishatu Ahmed Gobir Michael Nzwekwe Salihu Alhaji Musa TVC Female National Debate Musbau A. Akanji Erubu Oba Zubair Crystal Corner Shops Siraj Oyewale Omoniyi M. Ayinla Guber Aspirant Donatus Ejidike TESCOM 2025 Kwara State Television Kamaldeen Kehinde Abdul-Rasheed Na\'Allah Muhammed Akanbi Alore Issa Memunat Moyosore Shehu Raheem Adaramaja Raimi Iyanda Tunji Ajanaku Alimi Abdulrazaq Olayinka Oladapo Jogunola JMK Construction Company Limited Fatimah Abdulkadir Congress For National Consensus Hassan Oyeleke Tafida Of Kaiama Ijagbo Madawaki Orire 07039448763 Saheed Popoola Muslim Cementary Ishola Balogun Fulani Kwara Central

