The Kwara State Government has injected N2.5 billion into its Small and Medium Scale Enterprises Micro-credit Intervention Scheme since it was launched in 2012.
The Governor, Dr. Abdulfatah Ahmed, disclosed this on Wednesday when he received the executive of the State Joint Tricycle Association at the Government House, Ilorin.
Ahmed said that the scheme was established to support small business owners in the state as part of efforts to boost the informal sector of the state economy.
Governor Ahmed explained that the state government has continued to inject funds into the SME intervention scheme as a way of empowering the people and to cushion the effects of the prevailing harsh economy.
Ahmed said: “If any government intends to end recession, it must be ready to inject more money into circulation.
“So, releasing that substantial amount into the state’s economy is part of our government’s deliberate plans and measures adopted to deal with the recession.