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.

Okala Baba     SWAN     KW-GIS     Riskat Opakunle     Shuaib Olarongbe     Lukman Adeloyin     Taofik Abdulkareem Babaita     SSA Youth     Atiku Abubakar     Gamji Members Association     Tunde Saad     Jalala     Maja     Olatunji Moronfoye     Adam Abdullahi Al-Ilory     Alloy Chukwuemeka     Belgore     Abdulkadir Akanbi-Oke     Salihu Ajia     Siraj Oyewale     HYPPADEC     CCEPE     Umar Ayinla Saro     Obuh     Kwara Hotel     Haruna Tambiri Mohammed     Junior Secondary School Certificate Examinations     Salaudeen Oyewale     Marafan Shonga     Garba Ado Sanni     Government Girls’ Day Secondary School Pakata     Fatima Abolore Jimoh     Aliyu Sabi     March 28     Yakub Ali-Agan     International Vocational Centre     General Hospital, Offa     Orisa Bridge     Vasolar     Unicontinental Construction Company     Rebecca Olanrewaju     LAK Jimoh     Hajj     Facebook     Bashir Badawi     Abdulsalam Firdaous Amosa     NURTW     Sola Saraki University     Tafida Of Ilorin     Ibrahim Abduquadri Abikan     Yemi Osinbajo     Kayode Ibrahim     Abdulrasheed Lafia     Saka Isau     Abubakar Baba     Omu Aran     Abdulrazaq Akorede     Salman Jawondo     Trade Lenda SME Fair     Gbenga Awoyale     NITDA     Akeem Lawal     Abubakar Imam     Savannah Centre For Diplomacy, Democracy And Development     Share/Tsaragi     Abdulrasheed Akogun     Yinka Aluko     College Of Arabic And Islamic Legal Studies     Aishat Mohammed Lawal     Societe Generale Bank Of Nigeria     Galadima     Ibrahim Labaika     Lawan     Offorjama     Lai Mohammed     Ilorin East/South Federal Constituency     Ganmo Power Sub-Station    

Cloud Tag: What's trending

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

Taofik Abiodun Ahmed     Sam Onile     Siddiq Adebayo Idowu Salawu     BECE     Zulu Gambari     College Of Education     Khairat Gwadabe     Ado Bayero     Akanji     Oluranti Idowu     Moshood Mustapha     CCB     Unilorin FM     Baba Idris     Government Girls’ Day Secondary School Pakata     Kisira     Offa Poly     Kayode Bankole     Kassim Babamale     Isiaka Danmeromu     Bayo Onimago     Olosi Of Osi     Age AbdulKareem     Abdulsalam Firdaous Amosa     Olusin Of Ijara Isin     NAWOJ     Bilikisu Oniyangi     Saad Omo\'ya     Mumini Ishola Hanafi     Igbaja     Yahaya Dumoye     Moro     Mohammed Katsina Ahmed     Victor Gbenga Yusuf     Ajeigbe     Council Of The Wise     Roseline Oni Aremu     Lawal Olohungbebe     Bursary     Ilorin International Airport     Salihu Alhaji Musa     Sunday Otokiti     Oba Of Jebba     Oyeyemi Olasumbo Florence     Shuaibu Yaman Abdullahi     Jimoh Olusola Imam     Onikijipa     Raji AbdulRasaq     Eleyele     KWASIEC     Azeez Salawu     Kwara NIPR     Kpotum Mohammed Baba     Muhammed Taofeeq Abdulrazaq     Abdulkadir Remi Hawawu     Osuwa     Tanke     Alagbado     Kubra Kazum     Obasanjo     Buhari     Abraham Ojo     Sheikh Hamzat Yusuf Ariyibi     Musa Abdullahi     Kwabes     Abdulraheem Olesin     Abubakar B.M     Yusuf Amuda Abubakar     Mutawali     March 28     Ibrahim Bio     Ilorin Airport     Ibraheem Abdullateef     Kwara Coalition Of Business And Professional Associations     Sheikh Ridhwanullah     Kamoru Kadiri     IQRA College