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.
College Of Education SUBEB Sarah Jubril Alaro Kwara State Infrastructure Development Fund Funmilayo Mohammed Yahaya Muhammad AGF Abdulrazaq Apado Kwara United Nupe Raliat AbdulRazaq Kayode Ogunlowo National Union Of Road Transport Workers Bayer Nigeria Limited N-Power Tope Daramola Monthly Sanitation Alabere Abdullahi AbdulMajeed Suwa-Arabs Habeeb Abdullahi Al-Ilory Olajumoke Monsura Gafar Umar Ahmed Gunu Erubu Saidu Isa Florence Saraki Soffiyyallah Kamaldeen Mufti Of Ilorin Oko-Erin Kwara-SAPZ Project Ubandoma Busari Alabi Alausa Photo News Facemasks Kwara State University Of Education Tunji Ajanaku Valsolar Consultoria Tanke Road Sai Kayi Alfa Belgore Neuropsychiatric Hospital Michael Nzwekwe Basic Education Certificate Examination Ahmed Mohammed Rifun Hassan A. Saliu Binta Sulyman Ilorin Likeminds Foundation NYSC Dan Iya Of Ilorin Arik Awoye Diagnostic Centre Kunle Suleiman Sadiq Umar Senate Baba Adini Of Kwara State Al-Adaby Crystal Corner Shops Ilota Hakeem Lawal Babatunde Ishola Babaita Suleiman Ajadi Kwha.gov.ng Funmilayo Zubair Theophilus Oyebiyi Moji Makanjuola Trade Lenda SME Fair Khadijat Ayoola Yusuf Medview Airlines Gbugbu PPS Eleyele Kayode Yusuf Gbajabiamila Emmanuel Olatunji Adesoye Haliru Dantoro

