Kwara State Begins Registration Of Beneficiaries Of Ng-Cares For MSMES

⁷The Kwara state government has announced the commencement of registration of micro, small and medium enterprises (MSMEs) in the state for the NG-CARES for MSMEs program. The NG-CARES for MSMEs program is one of the three Result Areas of the World Bank-supported NG-CARES program in which Kwara state is participating in all three result areas. The NG-CARES for MSMEs program is targeted at helping businesses recover from the dastardly effect of the covid-19 lockdown as well as to improve the economic condition of the state.

According to the Team Lead, Mr Muhammed Brimah, all eligible businesses are expected to benefit from across Kwara State, hence the registration process will be available via an online link designed by Bank of Industry (BOI) to ensure that all Business owners in Kwara are granted the opportunity to benefit from this laudable initiative

The project coordinator also commended the efforts of the Executive Governor of Kwara State, Mallam AbdulRahman Abdulrazaq on his dedication, full support, and cooperation with the Bank of Industry and the World Bank on the execution of this project. He stated that the Governor is fully committed to the growth and success of businesses as well as increasing the employment rate in Kwara state.

The program is a grant for both formal and informal businesses comprising; prior loan reimbursement grants, operational cost grants and Information and Technology enhancement grants.

Credit Grants

This provides Credit grant to co-finance up to 40% of new loans given to businesses by qualified financial institutions which originated during the pandemic from 1st March 2020 to 31st March 2021.

  • Single Grant Limit: Up to ₦50,000 for Micro enterprises to be paid to the lender (3-9 employees)
  • Up to ₦350,000 for Small businesses (10-50 employees) and maximum of ₦650,000 for Medium enterprises to be paid to the lender’s account (51 and above employees).
See also  Margaret McNamara Education Grants Program 2022 For South Africans


  • Existing Business Operations
  • Existing loan from qualified Financial Institution (Credit Worthiness)
  • Minimum of 3 employees

Operational Cost Grant

This grant is to support Operational Expenditure after the onset of Covid-19. This grant aims to incentivize MSEs to reach pre-Covid 19 level of employment. The grant would cover operational costs.
Operations grant for MSMEs that covers up to 50% of any verifiable/documented monthly operational cost for 6months including but not limited to staff salaries (payroll), documented utilities, documented shop/office rent, documented private security expenses and alternative power supply (small solar panel).

  • Single Grant Limit:- Up to ₦300,000 (3-9 employees)
  • Up to ₦650,000 for Small businesses (10-50 employees) and Maximum of ₦900,000 for Medium enterprises (51 and above employees).


  • Existing Business Operations
  • Evidence of Staff Payee receipts for the past 3 months (for payroll)
  • Minimum of 3 employees

IT Enhancement Grant

The IT Enhancement Grant offers support to MSMEs to increase their capacity through the adoption of technology. This grant shall provide IT Equipment or IT Infrastructure to enterprises in order to upscale their businesses.

  • Single grant limit:- IT Equipment or IT Infrastructure of up to equivalent of ₦350,000 (3-9 employees)
  • IT Equipment or IT Infrastructure of up to equivalent of ₦750,000 for Small businesses (10-50 employees)
  • Maximum of ₦1,200,000 million worth of provision of IT Equipment/IT Infrastructure for Medium enterprises (51 and above employees).


  • Existing Business Operations
  • Minimum of 3 employees
  • Company registration where applicable / BVN

Who can apply?

  • Informal businesses in Kwara State that have been operating for 2 years and above.
  • Formal businesses in Kwara that have been operating for 3 years and above.
  • Businesses with a minimum of 3 staff and above
See also  FG Survival Fund Program 2022 Application Update

How to apply?

Click here to apply

Please Note:

  • This grant is for businesses operating in Kwara state that have been affected by the covid-19 pandemic and have been running for over 2 years.
  • The online portal would be open to receive applications from 10 am on Oct 7, 2021, giving equal opportunity for all applicants to access and benefit.
  • Application closes on the 17th of October, 2021.
  • All businesses that meet the eligibility criteria are encouraged to apply.
  • Click the link below for more information on how to apply

For more information visit:\.

Application Deadline: 17th of October, 2021

Scholarships you may like to Apply:

Mastercard Data and Services Internship Program for Africans 2021/2022

Imperial College Business School Global Leadership Scholarship (Full Tuition Fee)

Tuition Scholarships for International Students at University of Lethbridge

Apply for Chevron Global Human Resources Internship

Apply For 2022 Canadian Queen Elizabeth II Diamond Jubilee Scholarships.

United World 2021/2022 Scholarships to Study in United States .

Scholarships 2022/23 for Low Income Country Students to Study in UK.

UNESCO International Centre for Biotechnology (UNECO ICB) 2021/2022 Scholarship Award

Association of Commonwealth Universities Gender Grants 2021
Swinburne University of Technology Scholarships for International Students
Kansas State University Future Student Scholarships and Awards 2022-23
Montana State University (MSU) Presidential Scholarship in USA (Fully funded)


Note: Pinnacle Report Is A Nigeria Online Media Platform, That Gives Information Concerning Politics, Jobs, Scholarships, Sports, Relationships, Crime, Health, Entertainment And Lots More.

For more information, kindly drop any question in the comment box below.

See also  2021 Application form for tshepo 1 million

Please kindly share through the WHATSAPP, TWITTER, FACEBOOK and LINKEDIN buttons below, you might help someone get a job. Thanks

To get our Jobs Update directly to your Phone, kindly follow us on WhatsApp-

Or Kindly Join our telegraph Group via this link

Kwara State Begins Registration Of Beneficiaries Of Ng-Cares For MSMES

Kindly Share

Leave a Reply

Your email address will not be published. Required fields are marked *