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.
Admiralty Villa Jebba Muhammad Mustapha Suleiman YAKOOYO Kwara Primary Health Care Development Agency Ibrahim Mohammed Aliyu Muhammad Saifudeen Alapado Kayode Bankole Aliyu Sabi Ramadhan Yomi Adeboye Ahmad Ali School Of Nursing Abdulhakeem Adelaja Amao Moses Rahman Popoola Barakat Community Secondary School TIC Young Progressives Party Nigerian Supreme Council For Islamic Affairs Valsolar Consortium Balikis Jawondo Ibrahim Issa Jetti Alabi Olayemi Abdulrazak Adedeji Onimago Kwara State Geographic Information Service CELF Senate Presidency Lateef Ademola Olatunji Ayo Adeyemi UITH Deji Ajani Medinat Folorunsho Salman IYA YUSUF Saraki Azeez Bello Taibat Ayinke Ahmed Alao Ayotunde Eruku Ajidagba Mohammed Haruna Lanre Badmus Damilola Yusuf Adelodun Baba Adini Of Kwara State CLAY POT ER-KANG Mining Abubakar Olusola Saraki Reuben Paraje Tunji Folami Soffiyyallah Kamaldeen Gambari Sulu Babaita Isiaka Kwara State Health Insurance Agency Obasanjo IsDB Face Masks Mamatu Abdullahi Kamaldeen Ajibade Jaiz Bank Bature Bello Summit University Bio Ibrahim Guber Aspirant Dan Iya Of Ilorin Sanitation Exercise LABTOP Modupe Oluwole Muritala Olarewaju Lateef Alagbonsi Abdulmumini Sanni Jawondo Curfew Akume Yusuf Lanre Badmus Ayinde Oyepitan Bukola Ajikobi Sobi Hill Nurudeen Muhammed

