Govt to begin disbursement of N50,000 each to 1.5m market women

Federal Government will, this month, commence disbursement of its Iyaloja Funds to 1.5 million market women across the country to boost their capital and businesses.

Under the programme, which will feature disbursement in three phases, government will give N50,000 non-interest loans to each beneficiary.

It will also embark on its Renewed Hope Shelter programme, which will provide housing for the poor, internally displaced persons, and refugees.

Under the initiative, instead of using contractors, communities would be mobilised to build houses for themselves and by themselves.

Minister of Humanitarian Affairs and Poverty Alleviation, Dr Beta Edu, disclosed this when she visited Minister of Information and National Orientation, Mohammed Idris Malagi, in Abuja, yesterday.

According to her, each of the three phases of the Iyaloja Fund will cover 500,000 market women.

She added that the ministry has begun verification and enrollment of people, and would be reaching 109 markets across the country in the first phase.