NYOTA Beneficiaries to Receive Remaining Ksh 25,000 Soon

President William Ruto concluded the national roll-out of NYOTA’s Business Start-Up Capital component by disbursing Ksh 63 million to 2,520 beneficiaries in Wajir County.

In a statement, Ruto said a total of 121,800 beneficiaries across the country have received a grant of Ksh 2.5 billion in the first phase of the programme to start or expand their businesses.

Ruto said the beneficiaries will receive half of the remaining grant in the next few weeks to bring the total allocation to Ksh 50,000.

“In the coming weeks, each beneficiary will receive an additional Ksh 25,000, bringing the total allocation to Ksh 50,000 for each young entrepreneur,” Ruto said.

NYOTA Mentorship

Further, Ruto said the government will continue to mentor the beneficiaries over the next six months.

“Beyond financial support, we will continue to provide structured mentorship over the next six months and thereafter link beneficiaries to additional sources of affordable credit to ensure the sustainability and growth of their enterprises,” he said.

Also Read: NYOTA Clarifies Partnership With World Bank Following Gachagua Remarks

Drought Mitigation

At the same time, Ruto said the government has released more than Ksh10 billion for drought mitigation efforts nationwide in the past three months.

“We will continue to scale up our interventions to safeguard lives, protect livelihoods, and preserve livestock in the most affected regions,” he added.

Also Read: Govt Releases Final List of Counties to Receive Nyota Funds

Wajir Stadium

The government is also building a 10,000-seater modern stadium in Wajir town at a cost of Ksh 900 million to further advance balanced national development.

The facility will host this year’s Madaraka Day celebrations, the first time a national holiday will be commemorated in the Northern Frontier.

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President William Ruto with DP Kithure Kindiki during the NYOTA disbursement programme in Wajir. PHOTO/PCS.