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.

Muhammad Ghali Alaaya     College Of Arabic And Islamic Legal Studies     Kwha.gov.ng     Buhari     Kayode Bankole     Kwara 2023     IEDPU     Isiaka Alikinla     Ishola Moses Abiodun     Suleiman Ajadi     Abdulrahman Iliasu     Rashidi Yekini     Tosin Saraki     Adijat Adebiyi     Share/Tsaragi     Offa Metropolitan Club     Dapo Teni Nig Enterprise     Reuben Paraje     Saad Omo\'ya     Bank Of Industry     Tunde Mukaila Mustapha     KWASAA     Yashikira     Olupako     Jide Oyinloye     Lanre Aremu     Abdulkadri Ahmad Alaiye     Akanbi-Oke     Igbomina     Bola Sagaya     Isaac Aderemi Kolawole     Kola Olota     Lucky Omoluwa     Bureau Of Lands     Sambo Murtala     Abdulsalam Firdaous Amosa     Peter Amogbonjaye     Al-Ilory     Yaru     Tsaragi/Share     Obasanjo     Kale Ayo     Bibire Ajape     Chief Imam Of Ilorin     Shao     Manzuma     Yusuf Ibitokun Sherifat     Oro Grammar School     Issa Manzuma     Saadu Gbogbo Iwe     Bashir Badawi     NULGE     Olumide Daniel Ibitoye     Ibrahim Mashood     Saba Mamman Daniel     Muhammadu Gobir     Sheikh Hamzat Yusuf Ariyibi     Adolescent Girls Initiative For Learning And Empowerment     Ibrahim Gambari     Offa     Ogidi-Oloje     Royal FM     Moro     Kwara Apc     Just Law Forum     Taofik Abiodun Ahmed     Oyeyemi Olasumbo Florence     Kwara State Governor     Rapheal Ashaolu     Ogbondoroko     Sulu Gambari     ASMAU PLAZA     Dauda Adesola     Niyi Ogundiran     2017 Budget     Simeon Sayomi     SAPZ Project    

Cloud Tag: What's trending

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

Yusuf Zulu-Gambari     Lucky Omoluwa     Otunba Taiwo Joseph     Universal Basic Education Commission     Michael Nzwekwe     Quran     MAI Akande     AbdulRahman Saad     Alapado     Abdulrahman Iliasu     Oyun     Kwara Pdp     Isiaka Gold     Wahab Femi Agbaje     Tafidan Kaiama     Yusuf A. Usman     Magaji Erubu     Olupako Of Share     Adisa Logun     Garuba Alikinla Shittu     Saka Asiat Ayinke     Emir Of Shonga     07039448763     Gbajabiamila     Abdulmumini Jawondo     Senior Ibrahim Suleiman     Ishaq Abdulkarim     UITH     Shuaib Jawondo     Hamidat Sulyman-Yusuf     John Mayokun Dada     Sardauna     Oniwa     Bello Oyedepo     Isapa     Quarry Royal Valley     Lukman Oyebanji Fagbemi     Doyin Awoyale     Segun Abifarin     Geri-Alimi Split Diamond Interchange     Vasolar Consultoria     Kupchi Hosea Maxwell     Oju Ekun Sarumi     Oladimeji Thompson     Oba Of Jebba     Nurudeen Muhammed     Afolayan     SSA Youth     Centre For Digital Economy     Bola Olukoju     Ilorin.Info     Radio Kwara     Kwara Liberation Group     Afeyin-Olukuta     Alaiye     Ado Bayero     Oyedun Juliana Funke     Sabi     NIRSAL     Iyaloja-General     Bilikisu Gambari     Marafan Shonga     Valsolar     Abdul-Rahoof Bello     Tope Daramola     Yunus Lawal     Olusin Of Ijara Isin     Bature Bello     Abdulkadir Remi Hawawu     Press Release     Popo-Igbonna     Okin Malt     Segun Ogunsola     Student Learning Support Helpline     Dagbalodo     Seun Bolaji     Christopher Ayeni