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.
Magaji Nda Valsolar-Kwara Company Limited Nigeria Computer Society Afeyin-Olukuta Ilorin Water Reticulation Gbugbu International Market Garment Factory N-Power Moro Joseph Daudu ITP Mubarak Oladosu Raliat Islamic Foundation Farouk Salim NaAllah Ibrahim Issa Jetti Bamidele Aluko Sherif Shagaya LAK Jimoh Mohammed Ibrahim Olabanji Orilonishe Bello Oyedepo Bashiru Makama Sarah Jubril Clara Nwachukwu Mufutau Gbadamosi Esuwoye Opobiyi Ayegbeni Kwara State Television (KWTV) Bola Tinubu Michael Imoudu National Institute For Labour Studies Garba Dogo Lucky Omoluwa Folajimi Aleshinloye Issa Baba Falokun-Oja Dorcas Afeniforo Laboratory-to-Product Sam Onile Kaiama Hijaab Akeem Olatunji Zaratu Umar Mamman Saba Jibril Elections Computer Based Test Abdulrazaq Magaji Tope Daramola Amasa Okala Baba Jumoke Monsura Gafar Ahmad Lawan Opolo Global Innovation Limited Adegoke Bamidele Clement Yomi Adeboye JMK Construction Company Limited A.E. Afolabi Nurudeen Mohammed Ademola Kiyesola Suleiman Rotimi Iliasu SUBEB Umar Bayo Abdulwahab Tayo Awodiji Alikinla Mustapha Olanipekun Ajayi Okasanmi Muhammad Ghali Alaaya Yusuf Aiyedun Salihu Alhaji Musa Abdulrahman Onikijipa M.Y. Abdulrahaman Awodun Saba Jibril Kwara Primary Health Care Development Agency 2017 Budget Abdullahi Imam Abdullahi Yusuf Abdulwahab

