Pan African civil society group, International Support Network for African Development (ISNAD-Africa), has noted that the need for renewable energy development in Nigeria and other African countries requires a different approach from that of their developed counterparts.

Federal Government, yesterday, said the World Bank-supported $750 million COVID-19 Action Recovery and Economic Stimulus, also known as NG-CARES, will leverage on existing job creation, wealth creation and poverty reduction programmes at the community level.

Nigeria's Bank of Industry (BOI) has said it believes the economy will slowly recover from the effects of the coronavirus pandemic. "The economy will recover and as it recovers from the effect of the pandemic, I do see a period of some growth," Toyin Adeniji, Executive Director of the BOI said in a chat with…

The presidency yesterday insisted Nigeria is better today than it was when President Muhammadu Buhari took over the reins of government on May 29, 2015.

The Kwara State Government has said it is understudying Federal Government TraderMoni programme to give soft loans to traders and reduce mass poverty in the state.

The Government Enterprise and Empowerment Programme (GEEP) under the Office of Vice President, Prof. Yemi Osinbajo, on Tuesday began a series of TraderMoni...

The Federal Government’s Enterprise and Empowerment Programme (GEEP) which is executed through the Bank of Industry has been recognized as the most impactful Financial Inclusion program in Africa.

Nigeria's vice president, Yemi Osinbajo, has said the government's Homegrown School Feeding Programme is currently catering for over 9 million school children in 31 states of Nigeria. Osinbajo made the disclosure at a town hall meeting with some members of the Nigerian community in New York. “The same thing we are doing with the Homegrown…

The Federal Government’s Enterprise and Empowerment Programme (GEEP), which is executed through the Bank of Industry has been recognised as the most impactful financial inclusion programme in Africa. The Bank of Industry was given the award at the African Bankers’ Awards ceremony which held in Malabo, Equatorial Guinea recently, for its role in implementing GEEP,…

The Government Enterprise and Empowerment Program (GEEP) grants interest-free loans of between N10,000 to N300,000 in a graduating scale of N10,000; N20,000; N50,000; N100,000; and N300,000. Traders either start at N10,000 (TraderMoni), or N50,000 (MarketMoni), or N300,000 (FarmerMoni) depending on the scale of their current trade, and preparedness to meet the criteria at each level. When beneficiaries take a loan and pay back, they automatically qualify for the next higher amount. One of the primary goals of GEEP is to increase financial inclusion and support for citizens at the lowest base of the economic pyramid.

According to a UN report, women form a disproportionately large share of the world’s unbanked population. One of the major reasons for this is due to inequalities in income levels between both genders, making women less able to operate accounts in formal financial institutions. Women also rarely have the collateral necessary to access loans from formal financial bodies.

The empowerment of petty and small-scale market traders by the Federal Government through the TraderMoni and MarketMoni initiatives of the Government Enterprise and Empowerment Program (GEEP), continued in Benue state, the food basket of the nation, with a special market activation in two popular markets—Markudi Modern Market and Wurukum Market.