The Nation (Nigeria)

170 young entreprene­urs get interest-free loans in Kwara

- From Adekunle Jimoh, Ilorin

NO fewer than 170 young people with businesses in Kwara State have received interest-free loans from the state government.

The winners got between N250,000 and N3 million to start or strengthen their businesses after some rigorous, private sector-led screening processes that began with about 7,202 applicants.

Amounts awarded depended on the scale and viability of their business proposals, according to state Social Investment Programme Office, which coordinate­d the initiative alongside Fidelity Bank.

The loans were awarded under Kwapreneur­s, a state government’s entreprene­urial platform designed to support initiative­s of people not more than 35 years of age with seed funds.

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