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342 Businesses Register For Kwara SME Recovery Funds

by Oluwaseyi Ogunmoyela
November 5, 2020
in Local
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Adamawa Southern Stakeholders Visit Gov. Finitiri
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Kwara State Government says no fewer than 342 business owners have registered for it’s N500m small and medium enterprise (SME) recovery funds.

The Ag. General Manager of the Kwara State Social Investment Programme Mohammed Brimah disclosed this in a statement on Wednesday.

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According to him the State government has set aside 500 million to support those who lost assets in the recent looting in Ilorin, following the hijack of the #EndSARS protest across the country.
 
“The application for the SME recovery funds closed midnight Tuesday November 3rd with 342 business owners filing varying claims of loss,” he said.

READ ALSO ; Kwara Teams Up With FG On Sugar Production

He however noted that a committee will be set up soon to work with insurance adjusters to verify the claims and ensure transparent disbursement of funds.
 
“The government will next appoint a committee comprising persons of impeccable character, including civic groups, to work with insurance adjusters to verify the claims and ensure a transparent disbursement of funds to claimants. The process will begin this week and everyone concerned will be contacted in due course.”
 

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