Looted Stores; How to Apply for N500 million Kwara State Recovery Fund for Small Businesses

The Kwara State Government has launched a recovery fund of up to N500 million for businesses which lost properties and incurred damages during the plunder by thugs who hijacked the #EndSARS protests.

Governor of Kwara State, Abdulrahman Abdulrazaq made the announcement via his official twitter handle after visiting the vandalised Kwara Mall in the state.

The governor condemned the actions of the street hoodlums and miscreants, stating that they were bent on wreaking havoc not just in Kwara but throughout the country.

We are therefore not going to leave the business owners like that. We are setting up a N500m fund for those that were affected to access. The application form is live and active on the State Government’s website and can now be filled by interested parties. We are going to get them back as soon as possible

Governor Abdulrahman Abdulrazaq

Businesses affected by the looting especially in major commercial areas in the state are expected to apply for the recovery fund to lessen the impact of damages suffered and help them achieve sustainability and profitability going forward.

How to Apply

Here are the steps involved to apply for the N500 million Kwara State Recovery Fund:

1. Apply through the Google Application form

To begin your application, log on to the SME Recovery Fund Grant Application Form on your mobile phone or computer. Asterisked (*) sections are required. Scroll down to continue.

2. Enter Your Email Address and Personal Details

Input your full name as well as your email address. Also enter your 11-digit mobile number. All the vacant fields at this stage are compulsory.

3. Input Business Name and Address

Fill in the registered name and address of your business. Select local government area where your business is operational and choose ownership status – rent or fully-owned.

4. Fill in Number of Employees and Estimated Loss

At this stage, enter the number of employees for your business. Input the estimated amount of loss you incurred in Nigerian Naira (NGN) for stolen goods and furniture/equipment.

You may choose to enter your monthly business turnover or revenue although it is not required.

5. Upload Photo/Video Evidence of Damages

Input the estimated amount of loss you incurred in Nigerian Naira (NGN) for damaged property and upload photo and/or video proofs showing damages to your store/shop.

Select the sector your business falls under – Agriculture, Artisan, Health, ICT, among others. You may choose to enter your Corporate Affairs Commission (CAC) registration number.

6. Enter Bank Account Details and Submit

Finally, select whether you have been a beneficiary of the Kwara Social Investment Programme (KWASIP).

Fill in your bank name, account name and number. Click “Submit” to complete your application.

Other funds available for businesses looted and vandalised by thugs across the country are the N500 million for affected MSMEs in Lagos state and Beer firms’ N50 million fund.