Kwara Earmarks N2.5bn for SMEs

By Hammed Shittu in Ilorin

The Kwara State government on Thursday said it has earmarked N2.5 billion for small and medium scale enterprises agency scheme to support groups, associations, clubs and cooperative societies.

The state governor, Alhaji Abdulfatah Ahmed, who disclosed this at the Government House, Ilorin during a visit by members of the Joint Tricycle Association of Kwara State (JOTAKWAS), said his administration’s initial capital of N250 million for Small and Medium Scale Enterprises had grown to over N2.5 billion.

Ahmed promised more support for SMEs with a pledge of more subsidised  tricycles for transporters in the state as part of the administration’s effort at creating packages for organised associations “so that they can begin to meet their economic obligations to themselves and the state in the area of prompt payment of taxes to government”.

More to come…