Kwara State Government has floated a N500 million recovery fund for businesses in support of private and public properties looted and vandalized by hoodlums in the state.
The state Governor, Abdulrahman Abdulrazaq, who announced after a visit to the Kwara Mall and Agro Mall this commiserated with owners of all the businesses affected.
Sharing this a tweet on his official Twitter handle to back the claim, Abdulrazaq condemned the actions of the hoodlums as mindless, as the hoodlums looted valuable items of businesses in the state capital on Friday, reiterating that the mindless looting by people may bring businesses to their knees, and cause massive loss of jobs and a surge in the poverty rate.
The Governor, however, commiserated with owners of all the businesses affected and announced the N500 million SME recovery fund to assist them as part of the administration’s efforts to bring them back on their feet following the incident.
“It is a time for all hands to be on deck. It is not just Kwara they wanted to burn down. They wanted to burn the whole country down. I urge all of us to stand up and resist that,” he said.
“While the hoodlums were looting (on Friday), I was holding a meeting with executives and members of the National Association of Kwara State Students and National Association of Nigeria Students, Kwara axis. It shows students and youths were not part of the looting. Those involved were just hoodlums and thieves.”
“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.”
