SmartPreneur
Advertisement
  • Home
  • Trending News
  • Brand Insights
  • Profiles
  • Hustle Life
  • Weekend Teaser
  • Radio
  • TV
  • Games & Quizzes
No Result
View All Result
  • Home
  • Trending News
  • Brand Insights
  • Profiles
  • Hustle Life
  • Weekend Teaser
  • Radio
  • TV
  • Games & Quizzes
No Result
View All Result
SmartPreneur
No Result
View All Result
Home Trending News

Small Business Owners In Bayelsa Receive N200,000 Each

Blessing Osazuwa by Blessing Osazuwa
November 25, 2022
in Trending News
0
Governor Douye Diri of Bayelsa State

Governor Douye Diri of Bayelsa State

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Bayelsa State Government on Thursday, November 24, 2022, disbursed a cash grant of N42 million to 210 indigenous small-scale entrepreneurs in Yenagoa, the state capital.

Join our communityJoin our communityJoin our community

Each beneficiary got N200,000 as part of the monthly programme inititated by Governor Douye Diri in February 2022.

According to Mrs Faith Opuene, Commissioner for Women, Children Affairs and Empowerment, the gesture was borne out of the need to assist indigenous SMEs to expand their businesses. She further stated that the goal is to reverse the dominance of Small and Medium Scale businesses by non-indigenes in the state. Opuene emphasized that small businesses in Bayelsa were dominated by non-indigenes, hence the need to assist indigenes to grow and expand their businesses in the state.

Speaking on how the beneficiaries were selected, she explained that a male and a female entrepreneur were chosen from the 105 political wards in the eight Local Government Areas of Bayelsa. The selection committee comprises seven members to ensure that no beneficiary received the monthly grant more than once. This is achieved by collecting the biometrics of every beneficiary to check multiple payments.

The beneficiaries were also advised to use the funds wisely since structures are in place to monitor their performance, adding that only those who grew their businesses would benefit from future grant programmes of the state.

Bayelsa has so far disbursed N336 million under the initiative to 1,680 beneficiaries drawn from all eight LGAs of the state. Governor Duoye Diri is set to maintain the grant programme every month until his tenure is over.

Tags: Bayelsa stateBusiness fundingEntrepreneurship GrantsGovernor Douye Diri of Bayelsa StateSmall business owners in NigeriaSmartpreneur
Previous Post

The biggest mistake online businesses make with pricing.

Next Post

FG Tackles BUA, Dangote, Flour Mills Over Sugar Import Abuse

Blessing Osazuwa

Blessing Osazuwa

Blessing does the research to bring you needed information for success.

Related Posts

COVID-19 Fund: CBN Disburses N107.45bn To Beneficiaries To SMEs, Others
Trending News

SabiMONI: What the new CBN Initiative means for entrepreneurs

by Blessing Osazuwa
May 18, 2023
0

In an effort to enhance financial inclusion and promote financial literacy within Nigeria, the Central Bank of Nigeria (CBN) has...

Read more
The Power of Passion: Why Hilda Baci’s Cook-a-Thon Resonated with Millions
Trending News

The Power of Passion: Why Hilda Baci’s Cook-a-Thon Resonated with Millions

by Blessing Osazuwa
May 17, 2023
0

Nigerian chef and restaurateur, Hilda Effiong Bassey, professionally known as Hilda Baci, set her sights on breaking the Guinness World...

Read more
Report: Imo State Leads Nigeria in Digital Innovation
Trending News

Report: Imo State Leads Nigeria in Digital Innovation

by Blessing Osazuwa
May 10, 2023
0

Imo State has emerged as the top state in Nigeria for digital innovation and entrepreneurship development, according to the State...

Read more
Orange Corners Opens 2023 Incubation Programme For Young Entrepreneurs
Trending News

Orange Corners Opens 2023 Incubation Programme For Young Entrepreneurs

by Blessing Osazuwa
May 10, 2023
0

The Orange Corners Incubation Programme 2023 is currently open for applications, with the aim of developing and strengthening the entrepreneurship...

Read more
Pitch to anyone anywhere
Ask an Expert

How to pitch your business to Anyone, Anywhere

by Ruth Okwumbu-Imafidon
May 1, 2023
0

As a business owner or entrepreneur, being able to pitch your business effectively is crucial to success. Whether you're in...

Read more
What your business budget should look like…
Grow

How to start and grow a profitable online store in 12 weeks

by Ruth Okwumbu-Imafidon
April 26, 2023
0

It is no secret that many business owners are taking the online route to start and grow their business. Even...

Read more
6 free business courses every entrepreneur should take
Hustle life

Real revenue or not; What you need to know before calculating your revenue

by Ruth Okwumbu-Imafidon
April 18, 2023
0

Tales abound of business owners who get run out of business despite making sales after sales. Maybe the million dollar...

Read more
Load More
Next Post
Sugar production in Nigeria

FG Tackles BUA, Dangote, Flour Mills Over Sugar Import Abuse

Please login to join discussion

Recent News

Online business

Key Factors To Consider When Scaling Your Online Business

June 8, 2023
AI-Powered Business: Benefits and Drawbacks

AI-Powered Business: Benefits and Drawbacks

June 8, 2023
Never Say These 7 Phrases To Your Customers

Never Say These 7 Phrases To Your Customers

June 5, 2023
core competency

How to Identify and Leverage Your Core Competencies for Business Success

June 5, 2023
SmartPreneur

© 2020 SmartPreneur

Navigate Site

  • Home
  • Trending News
  • Radio
  • Games & Quizzes
  • TV

Follow Us

No Result
View All Result
  • Home
  • Trending News
  • Radio
  • TV
  • Hustle Life
  • Brand Insights
  • Profiles
  • Game & Quizzes
  • Weekend Teaser

© 2020 SmartPreneur