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.
Afolabi-Oshatimehin Isiaka Gold Raliat AbdulRazaq Muhammad Mustapha Suleiman Binta Sulyman Leke Ogungbe Benin Republic Wasiu Onidugbe Baba Issa Galadiman Ngeri Toyosi Thomas Mukhtar Shagaya Abdullahi Samari Wasiu Odewale Olomu CUTI Nigerian Army Yemi Osinbajo Eleja Taiwo Banu Igosun Ajikobi ER-KANG Mining CCB Egbejila Sa\'adu Gambari Kwara State Internal Revenue Service Lithium Deposit Umar Ayinla Saro Alimi Abdulrazaq Sidikat Uthman Ajibola Iliasu Nagode Popo-Igbonna Abioye Bello Temitope Ogunbanke Mogaji Aare Ijakadi Yaman Omoniyi M. Ayinla Yusuf Lanre Badmas Abdulrazaq Magaji Raji Ayodele Kamaldeen Joana Nnazua Kolo Abiodun Musa Aibinu Femi Gbajabiamila Boko Haram Kwara Poly Omotoso Yahaya Muhammad Abdulkarim Adisa Funmilayo Oniwa Ilorin Emirate Staff Association 2017 Budget Theophilus Oyebiyi Dogara Adedeji Onimago Saheed Akinwumi KWSIEC Ganmo Otuka NAWOJ Abdul-Rasheed Na\'Allah Abubakar Aliagan Ndama Al-hassan Kehinde Baale Saka Isau Sobi Specialist Hospital Jaiz Bank Ibikunle Ogunleye Bisi Kristien Olupako Saadatu Modibbo-Kawu Abdulazeez Uthman Omupo Afonja Babajide Ajayi Dan Iya

