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.

Abdulkadir Jimoh     Raliat Islamic Foundation     Surajudeen Akanbi     Mohammed Yahaya Barki     Agbarere     John Dara     Yakubu Danladi     AbdulRaheem Ahmad Shayi     COEASU     Bola Sagaya     Gbadeyan Gbadura Yomi     Doyin Group     Abdulmumini Sanni Jawondo     Kupchi Hosea Maxwell     Elese Of Igbaja     Abdulkadir Remi Hawawu     Abiodun Musa Aibinu     Sola Saraki Educational Foundation     Galland Marcias     Okoolowo     Yinka Aluko     Muslimah Entrepreneurship Forum     Ibrahim Abdulqadir Abikan     Zaratu Umar     Majlis For Sadaqah, Zakat And Waqf     Abdulkadir Orire     Ajayi Okasanmi     Vasolar     General Tunde Idiagbon International Airport     Alaaya     Ahmed     Abdulkadir Akanbi-Oke     Edret Sabi Abel     Dogara     Afeyin-Olukuta     Elerin Of Adanla Irese     Ilorin Emirate Stakeholders Forum     Samuel Elizabeth Keatswa     Abdullahi Adisa Akodudu     Igbaja     Adeleke Ogungbe     Chief Imam Of Omu-Aran     Medinat Folorunsho Salman     Cassava Growers\' Association     Abdulmumini Jawondo     Bisi Kristien     Abdulmumin Yinka Ajia     IYA ALFA NLA     Kisira     Aminu Ado Bayero     Muyiwa Oladipo Kanu     Abdulwahab Olarewaju Issa     Usman Rifun     AbdulRazaq Jiddah     Ibraheem Adeola Katibi     Valsolar-Kwara Company Limited     Idris Garba     Abraysports FC     Aisha Ahman Pategi     Funmilayo Mohammed     Oke-Ero     Dankaka     Osinbajo     General Hospital     Olabimpe Olani     Tescom.kwarastate.gov.ng     Yusuf Arowosaye     Idowu Aremu     Olatunde Jare     Special Agro-industrial Processing Zone     Justina Oha     Bello John Olanrewaju     Ajuloopin     Ambassador Kayode Laro     Ilorin South Constituency     Baba Adini Of Kwara State     IESA    

Cloud Tag: What's trending

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

Issa Manzuma     Ayedun     Ayo Adeyemi     Adijat Adebiyi     Young Progressives Party     Muhammad Toyin Sanusi     Funke Adedoyin     KWTV     Yusuf Abdulraheem     Balogun Ajikobi     Yusuf Amuda Aluko     Lucky Omoluwa     Samuel Olusegun Adedayo     Adam Abdullahi Al-Ilory     Abdulwaheed Musa     Ahmed Ayinla Jimoh     Habeeb Abdullahi Al-Ilory     Seed Technologies     Dapo Teni Nig Enterprise     Adebayo Salami     Bayer AG     Sa\'adu Salau     Chief Imam Of Lafiagi     Emmanuel Bello     Saka Adeyemo     Shonga     Clement Yomi Adeboye     Omar Gambari     Kwara North     Idiagbon     AbdulRazaq Abubakar Jiddah     Neuropsychiatric Hospital     Bolakale Kawu     David Oyedepo     Busari Toyin Isiaka     ENetSuD     ITP     Arandun     NFAI     Jani Ibrahim     Kale Bayero     Sobi FM     Ubandoma     Moshood Bakare     Bankole Omishore     Olatunde Jare     Ilota     Patigi Regatta     Unicontinental Construction Company     Oniyangi     Aishatu Ahmed Gobir     Tunde Akanbi     Olofa Of Offa     Michael Nzwekwe     Egbewole     Oye Tinuoye     Alabi Olayemi Abdulrazak     Eleja     Oko     M.Y. Abdulrahaman     Salihu S. Yaru     Abubakar Aliagan     David Oyerinola Adedunmoye     Wahab Issa     Amusa Bello     COVID     Amule     Amuda Musbau     Adisa Logun     Moses Rahman Popoola     Radio SBS     Sheikh Hamzat Yusuf Ariyibi     Association Of Kwara State Online Media Practitioners     JMK Construction Company Limited     Rotimi Atere     Kayode Oyin Zubair     Ayinde Oyepitan