Kwara State Government has rolled out plans to support young entrepreneurs in the state with huge interest-free loans, an ambitious plan of Governor AbdulRahman AbdulRazaq to invest in and raise a new generation of successful young men and women.
One of Nigeria’s biggest investments in businesses owned by young people is that Kwapreneur is open to Kwarans with viable and scalable business ideas and is not more than 35 years old.
It is being coordinated by the Kwara State Social Investment Programme (KWASSIP) Office, according to a statement by the KWASSIP Ag. General Manager Mohammed Brimah.
The first phase of the program targets at least 300 youngsters with viable business proposals, the statement said, adding that at least 1,200 young people will benefit from the initiative over the next four years.
Successful applicants will 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.