Kwara govt supports 490 SMEs with interest-free loans
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.”
Cloud Tag: What's trending
Click on a word/phrase to read more about it.
Ahmed \'Lateef Folaranmi Aro Funmilayo Isiaka Oniwa Salihu S. Yaru Femtech Elerin Of Adanla Irese A.O. Belgore Ayoade Akinnibosun Ope Saraki Sebastine Obasi Gbadeyan Gbadura Yomi Quranic Recitation Competition Oyedepo Oba Abdulraheem Falokun-Oja Florence Saraki Saidu Isa Col. Ibrahim Taiwo Yakubu Gobir Abubakar Lah Garba Idris Ajia Valsolar Consultoria Taofeek Sanusi Ndama Al-hassan Abdulrazaq Adebayo Olatomiwa Williams Kwara State Fire Service Lanre Badmas New Model Police Station Yusuf Aiyedun Ariyo Surajudeen Akanbi Societe Generale Bank Of Nigeria Ezekiel Yissa Benjamin Mumeen Lah Kwara State Governor Isiaka Rafiu Mope Titus Suberu-Ajibola Yahaya Muhammad Rasheed Jimoh Sa\'adatu Modibbo-Kawu JMK Construction Company Limited Adamu B. Yaqubu Amuda Bembe Micheal Imodu-Ganmo Road Suleiman Ajadi Abiodun Abdulkareem Ilorin South Sunday Popo-Ola Esinniobiwa Quareeb Ayodele Shittu Kpotum Mohammed Baba Abdulkadir Jimoh Abdulfatai Salman Baakini University Road Ibrahim Kayode Adeyemi Yahaya Abdulkareem Babaita NSCIA Ahmed Dankaya Orisa Bridge Bilikisu Gambari Mumini Ishola Hanafi Shururat Olatinwo Mohammed Lawal Bagega Bursary Ilorin Anchor Men And Women Sabi Moses Salami Abubakar Aliagan Garba Dogo Turaki Of Ilorin Toyin Olayinka Tejidini Labour Party Aremu Bose Deborah Olayinka Jelili Yusuf Yomi Adeboye Towoju

