Kwara govt supports 490 SMEs with interest-free loans

Date: 2022-12-08

At least 490 small businesses have won varying amounts of non-interest loans under the Kwara State social investment programme to grow their enterprises.

According to a statement by the government spokesman, Rafiu Ajakaye, 10 of the 490 young business owners got between N1.5m or N2m each at a symbolic ceremony where the State Governor, AbdulRahman AbdulRazaq, handed them the cheques.

He stated, “The 10 main winners, who pitched different business ideas ranging from printing, fashion, waste recycling, and agric value chains, are Hussein Ahmed (N1.5m); Azeez Akeem (N1.5m); Soliu Muhammed Lanre (N2m); Oladunni Kafilat Olaide (N2m);

“Femi Peter (N1.5m); Sanusi Ismail Adeshina (N2m); Ali Michael (N2m); Kareem Naimat (N2m); Adebayo Hadiat Tinuola (N1.5); and Abdulrauf Abdulraheem (N1.5m).

“The winners emerged from a rigorous process involving 15,708 applicants following different layers of screening by jurors drawn from the private sector and public service top players.

“The interest-free loan was given through Kwapreneur 3.0, a third in the series of the youth-focused initiative to support young people to thrive.”

AbdulRazaq said his administration would continue to implement policies and programmes that would make Kwara a better place to live, invest, and work.

He said, “This is another success story and a boost for small scale businesses in the state. Our administration will not relent in making Kwara State a better place to live and invest.”

AbdulRazaq congratulated the finalists of the third series of the scheme and said the programme could become a quarterly affair to accommodate more beneficiaries.

Kwara State Social Investment Programme had been established to positively impact the lives of the poor, the vulnerable, the unemployed and those at the bottom of the financial pyramid and have no access to funding, the Governor said.

He added, “KWAPRENEUR is one of the many poverty alleviating activities of KWASSIP. It is one of the ways to provide funding for small businesses, lubricate the economy, and reduce poverty. We are simply trying to give everyone a fair shot and a sense of belonging within available resources.”

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Fulani     Saka Asiat Ayinke     Kola Bukoye     Muslim Stakeholders Of Kwara State     Abdullahi Imam Abdullahi     Tafida     Olaiya Zuberu     Radio SBS     Abdulkarim Adisa     Yusuf Ibitokun Sherifat     Esuwoye     Aisha Ahman Pategi     Kwara Liberation Group     IEDPU     Olaoye B. Felix     Vasolar     Mashood Abdulrafiu Agboola     Guber Aspirant     Alikinla     Javed Khan     Kwara State Branch Of The National Library     Quareeb Islamic Association     Bankole Omisore     Timothy Akangbe     Ilorin     Usman Alkali Baba     Manzuma     Toyin Falola     Razaq Ayobami Akanbi     Lukman Adeloyin     Sabo-Oke     Lawal Olohungbebe     NNPP     Joseph Daudu     Afonja Descendants Union     Zubair Folorunsho Erubu     Gbenga Olawepo     Isiaka Danmeromu     Umar Adelodun     David Oyepinola Adedumoye     Amos Justus Sayo     Monthly Sanitation Exercise     Quranic Recitation Competition     Okin High School     Kwara 2023     Olofa Of Offa     CLAY POT     Adebara     Kola Adesina     Ramadan     NIRSAL     Ladi Hassan     Ilesha-Gwanara     Rasheed Jimoh     Abdulrosheed Okiki     Bayer AG     Adebayo Mohammed Kamaldeen     Madawaki Of Ilorin     Shuaib Boni Aliyu     Jumoke Gafar     Mufutau Gbadamosi Esuwoye     Jimoh Saadudeen Muhammed     Congress For National Consensus     Kwara Apc     Abubakar Kawu Baraje     Tunji Moronfoye     Musa Aibinu     United Nigeria Congress Party     Kolawole Akande     Isiaq Khadeejah     Osuwa     Rafiu Ajakaye     Saka Saadu     Maigida     Alapansapa     Umar Danladi Shero     Hausa    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Alapado     Ganiyu Taofiq     Aminu Adisa Logun     Yoruba     Overland     International Aviation College     Nigeria Foundation For Artificial Intelligence     Ilorin Likeminds Foundation     Abdulkadri Ahmad Alaiye     Bayo Ajia     Ishaq Abdulkarim     Abdullahi Atanda     Ibrahim Taiwo Road     Akanji     Basic Education Certificate Examination     Shonga     Orisun Igbomina     Baba Adini Of Kwara State     United Nigeria Congress Party     Kaosarah Adeyi     Toyin Abdullahi     Kwara 2023     Henry Makinwa     Abdulquawiy Olododo     Ben Duntoye     Olaosebikan     Tanke     Kupchi Hosea Maxwell     Erubu Oba Zubair     Ilorin West     Lucky Omoluwa     Oluwatoyin Lukman     Idris Garuba     Busari Toyin Isiaka     Rebecca Bake     Saliu Mustapha     Femi Gbajabiamila     Oniyangi Kunle Sulaiman     CELF     Shettima     Arik     Law School Scholarship     KSIRS     Saraki     2023 Elections     Gbajabiamila     Toyin Saraki     Kamaldeen Ajibade     Sheikh Ridhwanullah El-ilory     Modupe Oluwole     Musa Aibinu     Olohungbebe     Abdulrazaq Akorede     Abdulraheem Olesin     Alfa Modibbo Belgore     Alfa Modibo Belgore     Clara Nwachukwu     Ijagbo     Adedayo Yusuf Abdulkareem     Kulende-UITH     Okanlawon Taiwo     Jide Oyinloye     Adedeji Onimago     08001000100     Buari Edun     Igbaja     Kwara 2019     Kumbi Titiloye     Shero     Yahaya Dumoye     Kwara Muslim Pilgrims Welfare Board     Boko Haram     Titus Ashaolu     Orisa Bridge     JAMB     Maimunat Oloriegbe     Amoyo