Kwara State Government has rolled out plans to support young entrepreneurs in the state with interest-free loans ranging from N350,000 to N3,000,000 each, depending on the scale of their proposed businesses.

Already, about 300 young entrepreneurs are set to benefit from the first phase of the programme and it will be for three months only.

A statement issued in Ilorin, signed by the Acting General Manager of the Kwara State Social Investment Programme (KWASSIP), Alhaji Mohammed Brimah stated that, “An ambitious plan of Governor AbdulRahman AbdulRazaq to invest in and raise a new generation of successful young men and women.”

He said that, “One of Nigeria’s biggest investment in businesses owned by young people, Kwapreneur is open to Kwarans with viable and scalable business ideas and are not more than 35 years old.

“Registration is open through Application runs from May 10 to May 18, 2021.

“The first phase of the programme 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.”

Brimah added, “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.”

He said, “Kwapreneur has been designed to harness the potentials of enterprising youths and raise a new generation of leaders through sustainable empowerment, thereby spurring socio-economic growth and job creation in the state.

“Young people are to the nation what the heart is to the body. They drive and make it beat. Kwara under this administration believes in the talent and industry of her youths.

“To hasten economic development, we need them to become employers of labour. This is why we are to support young people with visionary ideas with interest- free loans for their businesses”.

He stressed that, “The application process will be in stages, including idea pitching and presentations, and training on business development before receiving funds.

“The youths-oriented programmes under KWASSIP are numerous. We have previously organised training for about 15,000 youths in basic digital skills, while we are looking to hit the 30, 000 mark in the next two years.”

It added: “The programme will give successful applicants between N350,000 – N3,000,000 interest-free, while looking to equip them with skills, knowledge, and opportunities to become sustainably empowered in society.”