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.

Razak Atunwa     Tunde Mukaila Mustapha     Kwara NIPR     Ilorin Metro Park     Government House     National Party Of Nigeria     Afusat Nike Ibrahim     Ahmed Bayero     Unilorin     Ayo Opadokun     Mustapha AbdulGaniyu     Umar Gunu     Hydroelectric Power Producing Areas Development Commission     Ilorin Innovation Hub     Mohammed Abduraheem     Sabo-Oke     JUSUN     Afolayan     Abdulrazak Shehu Akorede     Tsaragi     Abubakar Lah     Abubakar Baba Sulaiman     Timothy Olatunde Fadipe     Kwara State Printing And Publishing Corporation     SARS     Olofa Of Offa     GGDSS Pakata     RTEAN     Raliat Elelu-Habeeb     Lola Olabayo     Saliu Ajibola Ajia     Maryam A. Garuba     David Oyedepo     Chartered Institute Of Personnel Management Of Nigeria     Sarakite     Ahman Pategi University     Ita-Ore     GANZY     Raymond Olaitan     Ibrahim Oloriegbe     TVC Female National Debate     Jide Ashonibare     Olawuyi     Umar Ayinla Saro     Afonja     Gbenga Adebayo     Nigerian Medical Association     Saidu Yaro Musa     Nagode     Rasaq Jimoh     Abubakar Suleiman     Wahab Femi Agbaje     Muhammed Akanbi     Salaudeen Oyewale     Ojuekun Sarumi     Saka Onimago     Ella Supreme Tissue Paper     Elections     Timothy Akangbe     Razaq Atunwa     General Tunde Idiagbon International Airport     Gabriel Fashanu     Offa Metropolitan Club     Muhammed Danjuma     Raji AbdulRasaq     Roseline Oni Aremu     Fatimah Abdulkadir     Rotimi Samuel Olujide     Aminu Adisa Logun     Babaloja-General     Ridwan Agboola     Rebecca Olanrewaju     Jumoke Gafar     Ganiyu Taofiq     Pakata Development Association     Special Adviser On Digital Innovation     John Obuh    

Cloud Tag: What's trending

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

Justina Oha     Kulende     Umaru Saro     Olubukola Kifayat Adedeji     Ahmed Idris Mohammed     KWASIEC     ER-KANG     College Of Education     Oyedun Juliana Funke     Alfa Modibbo Belgore     Ilorin Talaka Parapo     Ajasse-Ipo     Harrison Osauwagboe     SGBN     Rabiu Kwankwaso     Kwara NIPR     TVC Female National Debate     Iyabo Dupe Adekeye     Asa LGEA School     Tosho Yaqub     Okin Biscuit     SAPZ Project     Oko-Erin     IDPU     Joseph Alex Offorjama     Mohammed Lawal     Academic Staff Union Of Universities     Mogaji Aare     Centre For Community Empowerment And Poverty Eradication     Ilorin Amusement Park     AbdulGaniyu Kareem     International Public Sector Accounting Standards     Kwara State Fire Service     Abdullahi Atanda     Amuda Musbau     Babatunde Ajeigbe     Afonja     Odogun Olushola Gabriel     A.O. Belgore     Jide Ashonibare     Kwara State Government     Idofin     Quareeb     Crystal Corner Shops     Abdulrasaq Alaro     Yinka Aluko     Akande Idowu Ayoola Muhammed     Agbarere     Isiaka Rafiu Mope     Tosin Saraki     Owu Fall     Adeniyi Ojo     Flights To Ilorin     Face Masks     Kanu Agabi     Ibraheem Abdullateef     George Innih     Kwarareports.com     Akeem Lawal     Kabir Shagaya     Bankole Omishore     Idris Garba     Yakubu Gobir     Abdulbaqi Jimoh     Unilorin     Bankole Omisore     KWAFFA     Kayode Ishola     Esinrogunjo     James Ayeni     Sadiq Umar     Abraham Ojo     Olatunde Olukoya     Salihu Ajibola Ajia     Sardauna     Abdullateef Abdussalam     Sa\'adu Gambari