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.

Atunwa     HAMFAT Clinic And Maternity     Ayeyemi Sulaiman     Mumini Ishola Hanafi     Abraham Ojo     Tunde Yusuf     Umar Saro     Kwara State Council Of Chiefs     Ike Ekweremadu     Shuaibu Yaman     Aiyedun     Bello Taoheed Abubakar     Otoge     Ogbondoroko     Sabo-Oke     Muhammad Mustapha Suleiman     SSA Youth Engagement     Suleiman Yahya Alapansapa     UNILORIN Alumni Association     Amasa     Saka Keji     Kemi Adeosun     Umar Ayinla Saro     Okala Baba     National Broadcasting Commission     Ayodele Kuburat Olaosebikan     Chikanda     Gafaru Olayiwola Olorisade     Ajibola Ademola Julius     Seni Saraki     Kishira     IHS Towers     Kwara     JAAC     Tunji Moronfoye     Kanu Agabi     Kabir Shagaya     Tafida Of Kaiama     Oluwatoyin Lukman     Yekeen Alabi     Tanke Flyover Bridge     Mohammed Ghali Alaaya     AbdulRazaq AbduMajeed Alaro     Baba Idris     Danladi     Yahaya Seriki     Gobir Organization Foundation     Kudirat Arinola Lawal     Sa\'adu Gambari     Omoniyi     Hameed Oladipupo Ali     Wasiu Onidugbe     Egbejila     Haliru Dantoro     Imodoye Writer’s Enclave     Umar Adelodun     Adamu B. Yaqubu     AbdulKareem Yusuf Danhawa     Kwara State Branch Of The National Library     Christopher Tunji Ayeni     FERMA     Michael Imoudu National Institute For Labour Studies     March 18     Wahab Agbaje     Kwara 2023     Abdulkadir Akanbi-Oke     Sheikh Alimi     Tanke Road     Fatai Adeniyi Garba     Abdulbaqi Jimoh     Prince Sunday Fagbemi     Muyiwa Oladipo Kanu     Amule     Sardauna Of Ilorin     NNPP     School Of Nursing     Balogin Alanamu    

Cloud Tag: What's trending

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

All Peoples Party     Abdulwahab Oba     Ejidongari     Abdulhakeem Amao     Olatunji Ayeni     Danladi     Ayo Adeyemi     Segun Ogunsola     Ijakadi     Chief Imam Of Omu-Aran     Idiagbon     Bolaji Abdullahi     Abdulhakeem Adelaja Amao     Muhammad Yahya     Busari Toyin Isiaka     Local Government     Isiaka Gold     Waziri Yakubu Gobir     Bilikis Oladimeji     Haliru Yahaya     Moronfoye     Olayinka Are     Tsado Manman     Amosa     Aminat Omodara     Afolayan     Tsaragi     AbdulGafar Tosho     Aremu Odolaye     Oke Sunna     Damilola Yusuf     Forgo Battery     Zaratu Umar     Odolaye Aremu     Yemi Sanni     Adedayo Yusuf Abdulkareem     Hamza Usman     Modibo Kawu     Sanitation Exercise     Musibau Akanji     National Association Of Nigerian Students     Babatunde Idiagbon     Eleyele     Usman Alkali Baba     Apaola     Kamaldeen Ajibade     Mohammed Lawal Bagega     COVID     Pilgrims Board     Mohammed Saidu     Abdullahi Samari     Amusa Bello     Budo-Egba     Mohammed Yisa     Aso-ofi     Agor     Shuaib Jawondo     Babatunde Ishola Babaita     Abraysports FC     Babaita     Bola Iyabo Ibiyeye Adisa     T And K FOODS     Dar-Al-Handasah Consultants     Matthew Babaoye     Oyelere Oyinloye     Eghe Igbinehin     Olatinwo     Ayoade Akinnibosun     Emir Of Yashikira     Sobi Hill     Samuel Olusegun Adedayo     Gbugbu     Rebecca Bake     Shehu Jimoh     Zubair Folorunsho Erubu     Gwanara     Wahab Kunle Shittu