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Wednesday, November 29, 2023

Young Kwara Entrepreneurs Stand to Get N3 Million Interest-Free Loans

Young Kwara Entrepreneurs Stand to Get N3 Million Interest-Free Loans

Young entrepreneurs in Kwara State stand the chance of getting up to Three Million Naira to start business, as government rolled out plans to support young entrepreneurs in the state with huge interest-free loans.

The acting general manager of Kwara State Social Investment Programme, Mohammed Brimah, disclosed this in a statement, saying the first phase of the programme targeted at least 300 youngsters with viable business proposals.

He also said at least 1, 200 young people would benefit from the initiative over the next four years.

Brimah said that successful applicants would be trained and supported with interest free loans ranging from N350, 000 to N3, 000, 000 each, depending on the scale of their proposed businesses.

“The programme will give successful applicants between N350,000 and N3,000,000 interest-free, while looking to equip them with skills, knowledge, and opportunities to become sustainably empowered in society. This is Governor AbdulRahman AbdulRazaq’s definition of empowerment.”

Brimah encouraged young people involved in high-potential business areas like agro-processing, logistics, transportation, among others, to apply.


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Faruk Khalil
Faruk Khalilhttps://nigeriansketch.com/
Khalil Faruk (Deputy Editor-in-Chief), has a Bachelors and Master's degree in Political Science and has worked as a reporter, features editor and Deputy Editor-in-Chief respectively in a leading Nigerian daily. He has undergone trainings in journalism, photo journalism and online journalism within and outside Nigeria.

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