Kwara cares begins disbursement of N160.5m CARES RA3 grant to SMEs
Kwara cares begins disbursement of N160.5m CARES RA3 grant to SMEs The Kwara State Government has flagged off the disbursement of N160,550m in grants to 688 small and micro-scale businesses in the first tranche of the KWARA NG CARES RA3 Operational Grants. These beneficiaries comprise 45 Small Scale businesses that will receive N700,000 each, and 623 micro-scale businesses that will receive N200,000 each cutting across the 16 Local Government Areas of the state. General Manager of KWASSIP, Mr. Abdulquawiy Olododo stated that the programme is a World Bank-assisted emergency recovery and intervention program facilitated by the Kwara State Government to curb the impact of COVID-19 on businesses as well as to provide economic relief and improve the employment rate in the State. He further stated that the programme is kicking off disbursement with the Operational Grant, which will be followed closely by the Credit Grant and IT Enhancement Grant. The Acting Technical Head of the NG CARES For...