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.

Elerinjare-Ibobo     Sambo Murtala     Muideen Olaniyi Alalade     Kawu Baraje     Tayo Awodiji     Olabimpe Olani     Lanre Jimoh     Metro Park     Alao Ayotunde     Iyabo Adewuyi     ITEM 7     UNILORIN Alumni Association     Rafiu Olasile     Oyin-Zubair     Neuropsychiatric Hospital     Ahmad Olanrewaju Belgore     Osi     Ibrahim Agboola Gambari     Ibrahim Abdulqadir Abikan     Olokoba Sulyman     Zara Umar     Abdulkarim Adisa     Makama     Coalition Of Kwara North Groups     Tafida Of Ilorin     Haliru Dantoro     Balogin Alanamu     Folorunsho Erubu     Matthew Okedare     Obasanjo     Rachael Obisesan     Ilorin International Airport     Oke-Ogun     Bayo Onimago     Sunday Popo-Ola     Radio SBS     Yetunde Balogun     Olaosebikan     Oba David Oyerinola Adedunmoye     Student Learning Support Helpline     Aishat Mohammed Lawal     Mujtabah Bature     Edu     Olofa Of Offa     Colleges Of Education Academic Staff Union     Susan Modupe Oluwole     KWIRS     Sidikat Alaya     Dan-Kazeem     Ibrahim Taiwo     Kwara State Geographic Information Service     Muazam Nayaya     John Dara     Asa     Kwara Muslim Pilgrims Welfare Board     Maryam Nurudeen     Abiodun Jacob Ajiboye     GGDSS Pakata     Centre For Digital Economy     Dumagi     Mohammed Halidu     Convocation Ceremonies     Suleiman Alege Kuranga     Baba Issa     Yoonus Lawal     Atiku     Bayo Mohammed Onimode     Adeniyi Ojo     Sa\'adatu Modibbo-Kawu     Abdulrasaq Alaro     Wasiu Onidugbe     Obayomi Azeez     Hameed Oladipupo Ali     Tunde Akanbi     Okedare     Abubakar Abdullahi Bata     Abdulraheem Olesin    

Cloud Tag: What's trending

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

State Bureau Of Internal Revenue     IYA ALFA NLA     Okin Group     Muhammed Taofeeq Abdulrazaq     Magaji Are     Oko-Olowo     Aliyu Salihu     Bayo Onimago     Danhawa     AbdulGaniyu Kareem     Moshood Mustapha     Bayer Nigeria Limited     Abdulbaqi Jimoh     Ike Ekweremadu     Kola Olota     Bashir Adigun     Oyedepo     Babajide Ajayi     Joseph Alex Offorjama     Ahmad Olayiwola Kamaldeen     Bukola Ajikobi     Funmi Salau     Olaitan Buraimoh     HICA     New Naira Notes     SAPZ Project     Mufti Of Ilorin     Olaitan Adefila     Kwara TV     Bamidele Adegoke     Ibrahim Taiwo Road     Timothy Olatunde Fadipe     Elerinjare     Yunus Oniboki     Labaeka     Abubakar Baba Sulaiman     Sango-UITH Road     Yusuf Abdulkadir     Mohammed Saidu     Kwara Teaching Service Commission     New Model Police Station     Allocation     JAAC     Olokoba     TIIDELab     Gobir Organization Foundation     Sadiq Umar     Gaa Olobi     Mustapha AbdulGaniyu     Bahago     Mahfouz Adedimeji     Tsaragi/Share     Joseph Offorjama     Oba Abdulrahim     Ramadhan     A.E. Afolabi     Omu Aran     Isiaka Gold     Ope Saraki     Bamidele Adegoke Oladimeji     Kayode Ibrahim     Budo Egba     Afonja Descendants Union     Sa\'adu Salau     Abdulwasiu Bolaji Adeyi     Valsolar     Kayode Laro     Abdullahi Imam Abdullahi     KWAFFA     Sai Kayi     Ajia-Bako     Toyosi Thomas     Vasolar Consultoria     Maimunat Oloriegbe     Oko Erin     AbdulRasaq Abdulmajeed Alaro     Rapheal Ashaolu