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Home State Kwara Govt Empowers 21,623 Petty Traders under Social Investment Programme
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Kwara Govt Empowers 21,623 Petty Traders under Social Investment Programme

By
Rafiu Ajakaye
-
September 3, 2020
Gov Abdulrahaman abdulrazak of Kwara
Gov Abdulrahaman abdulrazak of Kwara

Kwara Govt Empowers 21,623 Petty Traders under Social Investment Programme

Kwara State Governor AbdulRahman AbdulRazaq has approved the disbursement of funds to 21,623 beneficiaries of the state’s interest-free micro-finance loans for petty traders, a component of the Kwara State Social Investment Programme (KWASSIP), a statement said on Thursday.

The operations of the first phase of disbursement will last for five weeks.

The disbursement comes after months of careful enumeration of the potential beneficiaries of the scheme, according to the statement signed by the Chief Press Secretary to the Governor Rafiu Ajakaye.

The statement quoted the anchor of the programme Mohammed Brimah as saying that beneficiaries cut across the 16 local governments of the state.

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“The disbursement of funds to the beneficiaries of Owo Isowo begins today. We are looking at disbursing to 21,623 persons for this phase. Due to COVID-19 and the need to maintain social distancing, we will be communicating venues to beneficiaries as we get to each local government,” the statement quoted Brimah as saying.

“Owo Isowo is an interest-free loan of a minimum of N10,000. Beneficiaries are to pay back over six months in bits that are comfortable to them. It is to support our petty traders in upscaling their businesses.

“The processes began early this year. Some of our activities were affected by the COVID-19 lockdown but we are back on the track with disbursement for petty traders that applied as earlier announced. The issue of mixed identities does not arise. We have bankable data to guide us. Whoever was not captured or does not merit the funds cannot be given.”

The statement said disbursement will be made through digitised payments called mobile wallets.

It enjoined beneficiaries who have been contacted to come to the ground with their face masks.

Rafiu Ajakaye
Chief Press Secretary to the Governor
September 3rd, 2020.

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Governor Yusuf of Kano Wins Top Infrastructure Award at London’s 15th African Achievers EventLocal Government Autonomy Not Negotiable — FG DeclaresNigeria’s Future Rests on Smart Defence Management — Badaru to Military LeadersCustoms Hands Over 99.2bn Worth of Illicit Pharmaceutical Products to NAFDACTroops Intercept 3 Gunrunners, Seize Weapons, Cash in KadunaTroops Bust IPOB/ESN Logistics Network, Arrest Informants in Southeast — DHQSoludo and Radda’s Candid Confessions on Homegrown Terror By Tahir AhmadRat Story Was a Smokescreen to Divert Attention from Buhari’s Health - Garba Shehu RevealsNigeria's Second Chance at a Global Cashless Future By Fatimah Yusuf UsmanAir Chief Rallies New Intelligence Officers for Proactive Security ResponseCustoms, NAFDAC Activate MoU to Fight Substandard Products By Abdullah MaiwadaNELFUND Resumes Monthly Upkeep Payments, Credits Over 3,600 StudentsNNPCL Must Account for ‘Unreconciled’ N210tr in Financial Statements - Senate InsistsPresidency Debunks Misleading Reports on VP Shettima’s Remarks at Book LaunchPolice Arrest, Repatriate Chinese Fugitive Wanted for Tax Fraud
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