COVID-19 : IDC set to provide soft loans, grants to mitigate impacts on small businesses

As impacts of coronavirus on businesses bite harder, Iwoland Development Coalition (IDC) is stepping up supports for small businesses in Iwoland to save jobs and livelihoods of people.

The supports, according to Mr Adisa Kabiru, the coordinator of the non-governmental coalition, in a statement signed on Monday, will come in form of interest-free loans and grants for business owners who are hugely impacted by the coronavirus pandemic in the three local governments that made up Iwoland.

“We are very concerned about the turn of events for businesses in Iwoland as a result of the coronavirus pandemic that ravaged the entire world,” he said.

Mr Adisa observed that while Iwoland, and indeed, Nigeria, was able to avert huge human loses, the economic impact, which is bearing on businesses is hard to overlook, and “as a coalition after the good of our people, we’re marshalling resources to mitigate impacts and stimulate economic activities in Iwoland, especially those extremely dependent on revenues from those activities.”

“It is not a secret that businesses are facing tough times, and even depressing, people who are at the lower ladder, have almost lost their livelihoods due to the adverse of effects of coronavirus pandemic and measures employed by government to curb spread,” he added.

Mr Adisa said the coalition will give its best to forestall businesses shutdown in Iwoland, calling on business owners who can demonstrates that they are impacted by coronavirus pandemic to come forward and enable IDC to stretch its hand of supports.

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