The Kwara State Governor, Mallam AbdulRahman AbdulRazaq has approved the inclusion of Nano Businesses to benefit from the 5,545 second phase of the Kwara NG-CARES For MSMEs business grant programme.
This was disclosed in a statement released by the media officer for Kwara NG-CARES For MSMEs, Mrs Fatima Issa.
According to the statement, following the completion of phase 1 disbursement of Operational Grants to 688 micro and small-scale enterprises, the second phase is starting immediately after the approval of the Governor.
Issa stated that the governor has approved the inclusion of Nano Businesses to benefit from the 5,545 second phase of the Kwara NG-CARES For MSMEs business grant programme.
“The program is facilitated by the Kwara State Government and aims at providing relief, facilitating the recovery, and enhancing the capabilities of local MSEs through support designed to reduce the vulnerability and cushion the effect of income loss brought about by COVID-19 pandemic and its resultant disruption to regular commercial activity” the statement emphasised.
In addition, she said that this second phase of disbursement is targeted at 5,545 vulnerable businesses and it’s coming as another intervention of succor intended by the governor to support operational expenditure post COVID-19 to incentivise employment retention and help MSEs retain their staff, settle business utility bills and security.
According to the statement, the application link to register will be published on Monday 26th of June and will last till 9th of July, 2023.
The government therefore, adviced prospective applicants to apply with their business registration document, and evidence of business existence (shop rent receipt/utility bill) while updates will be given as the process gets underway.
According to Issa, business grants will be targeted at formal and informal nano, micro, and small-scale enterprises involved in commercial activities across the 16 local governments in the State.
