FG rolls out GEEP 2.0 nationwide

Federal Government, on Sunday, unveiled plans to roll out Government Enterprise Empowerment Programme (GEEP 2.0) has been officially rolled out.

The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, disclosed this during the launch of the national phase of the programme at Daura Kasuwar Kofar ‘Yan Kudu market along Daura road, Katsina State.

According to the Organisers, GEEP 2.0 has three unique products: Tradermoni loan of N50,000 is targeted at uplifting the under-privileged and marginalised youths between the ages of 18 to 40 years while MarketMoni loan also of N50,000 is for the underprivileged and marginalised women like Widows, divorcees, and other vulnerable groups.

The FarmerMoni loan of between N50,000 to N300,000 was designed for small-scale farmers in the communities to improve their agricultural productivity and inclusion into commercial farming.

The National roll-out heralds a launch and disbursement of loans simultaneously in all 36 States of the Federation and Federal Capital Territory (FCT), respectively.

The Minister said during the presentation of Cheques to peasant farmers and petty business women, that the interest-free loans to beneficiaries were in line with President Muhammadu Buhari’s avowed commitment to fight poverty and its devastating impact from all angles.

“The Government Enterprise and Empowerment Programme (GEEP) is a programme designed by President Muhammadu Buhari administration to create further opportunities for the poor, vulnerable and low-income Nigerians, especially those who are involved in viable informal productive activities with limited financial requirements but have never had access to loans from the formal financial sector.

ALSO READ FROM NIGERIAN TRIBUNE

• Tinubu Is A Billionaire Without A Business; Obi Is Atiku’s Creation —Melaye, Atiku’s Campaign Spokesman

• Tinubu Sympathises With Ganduje Over Kano Building Collapse

• Fulani Herders Kill 6 In Fresh Attack On Benue Community

“It is meant to give priority to the most vulnerable in our society like widows, youth, Persons With Disabilities and the Internally Displaced Persons amongst others”.

Out of total of 59,161 potential beneficiaries were registered across the 34 LGAs of Katsina State, only 13,000 beneficiaries were verified and cleared to benefit from the interest-free loans for the 1st phase of the programme, while new registration is yet to commence.

She assured that the Ministry will publicly announce the 2nd phase of registration for the year 2022, of which more vulnerable individuals and groups are expected to openly register at the National Orientation Agency offices by GEEP trained Desk Officers across the 774 LGAs nationwide.

The Minister stated that the beneficiaries are verifiable while the selection process was transparently conducted.

“These selected beneficiaries are now all banked, they have been given ATM cards and are currently being enumerated all of which are our deliberate efforts to enhance financial inclusivity of our poor in a sustainable manner.”

Tinubu Is A Billionaire Without A Business; Obi Is Atiku’s Creation —Melaye, Atiku’s Campaign Spokesman

FG rolls out GEEP 2.0 nationwide

Tinubu Sympathises With Ganduje Over Kano Building Collapse

FG rolls out GEEP 2.0 nationwide