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.
Saad Omo\'ya Funmilayo Braithwaite Tope Daramola Hassan Abdulazeez Elewu Budo Egba Dan Masanin Niyi Ogundiran MMWG Owo Arugbo Abdulmajeed Wahab Unicontinental Construction Company NYSC Gafaru Olayiwola Olorisade Kwara State Football Association SUBEB Muritala Awodun Hydroelectric Power Producing Areas Development Commission Ilorin Water Reticulation Femi Gbajabiamila Laolu Saraki High Court Lawal Olohungbebe Offa Descendants Union Salary Muslim Media Watch Group Of Nigeria Elerin Of Erin-Ile Vishvas KOZ Tractors Micheal Imodu-Ganmo Road Law School Scholarship Kwara State University Of Education Cornelius Adebayo NSCIA Olushola Saraki Soffiyyallah Kamaldeen Olomu Post-utme Kola Ologbondiyan Abdulrahman Abdulrazak Logun Kwara Hotel Modibo Kawu ARMTI John Olobayo Kannike Tunde Akanbi Ahmad Lawan Sabi Age AbdulKareem Musa Abdullahi Al-Hikmah Radio PharmAccess Foundation Maryam A. Garuba Muhammed Mahe Abdulkadir Congress For National Consensus FOMWAN Musa Alhassan Buge Awodun BIR Kayode Ibrahim Taofik Abdulkareem Babaita Habeeb Abdullahi Al-Ilory Kwara State Governor Dasuki Belgore Public Holiday Roheemat Hammed Wahab Issa Saheed Popoola Summit University Lawyers Unite Against Corruption Shehu Raheem Adaramaja Hijaab AIT Ilorin Kumbi Titiloye Ibrahim Gambari Simeon Sule Ajibola Saidu Kawu Baruten

