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.
Babata Abdullahi Samari Aro Yahaya Issa Memunat Moyosore Dagbalodo SSA Youth Engagement Abdullahi G. Mohammad Funmilayo Oniwa Sunday Popo-Ola TIC Olaitan Buraimoh Emir Of Kano Elerinjare-Ibobo Gobirawa Samuel Elizabeth Keatswa Share-Tsaragi University Road Turaki Orire Kumbi Titilope Titus Ashaolu Alaiye Albert Ogunsola AGILE Programme Saudat Abdulbaqi Abdulhakeem Amao Alabi Lawal Bayo Mohammed Onimode Roheemat Hammed Senate Neuropsychiatric Hospital Abdulrasaq Alaro Gafaru Olayiwola Olorisade CACOVID Oko-Olowo Abdulrasheed Lafia NITDA IHS Mopelola Abdulmaliq-Bashir Habeeb Saidu Kunle Akogun Jeunkunu-Malete-Bani Samuel Olusegun Adedayo Road Transport Employers Association Of Nigeria Quareeb Islamic Association Sunday Otokiti Damilola Yusuf Manzuma Mustapha Olanipekun Sidikat Akaje Onilorin Of Ilorin Iyiola Oyedepo All Peoples Party Pilgrims Board Adesina Simon Sodiya Okanlawon Taiwo National Party Of Nigeria SAPZ Project Amos Sayo Quareeb Ayo Opadokun Yusuf Amuda Abubakar Pacify Labs Olabode George Towoju Yinka Aluko Issa Baba Najim Yaasin Abdulkadir Bolakale Sakariyah Abdulhakeem Adelaja Amao Oba Of Jebba Eruku Ibraheem Adeola Katibi Tricycle Owners Association Of Nigeria Akom Construction And Engineering Synergy Ltd Tsaragi Abdulfatai Baakini Maigidasanma

