Women Empowerment: GEEP empowers more women in Benue with interest free loans
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.
TraderMoni, MarketMoni record over 7,000 new beneficiaries in Benue State
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.
United Nations, AFLI, Oxford Varsity commend GEEP
The United Nations Commission (UNC) in New York has commended Government Enterprise and Empowerment Programme (GEEP), a federal government’s microcredit initiative for the successful delivery of micro-credit to Nigerians, especially the youths. It made the commendation at its 62nd session, which held in March. Also, the African Leadership Institute (AFLI) and Oxford University recognised the…
FG uses technology to scale the largest government-led microcredit scheme in the world
The Government Enterprise and Empowerment Program (GEEP) is a micro-credit scheme of the Federal Government of Nigeria executed by the Bank of Industry. GEEP started in 2016 and has empowered 1.8 million micro-enterprises with collateral-free, interest-free loans to grow their businesses; making it the largest government-led microcredit program globally. GEEP beneficiaries are petty traders, merchants, enterprising youth, and agricultural workers in over 1600 clusters and markets across Nigeria.
Senate yet to get proposal on how FG will spend $350m Abacha loot
The controversial TraderMoni scheme through which the Federal Government disburses funds to petty traders is actually part of the entire budget...
FEC okays N3.4b contracts for DPR, GEEP, NTA, NAN
The Federal Executive Council (FEC) has approved N3.433 billion for a number of contracts, including the architectural design of a 12-floor corporate headquarters...
UN Commends TraderMoni as program scales with technology, reaches 30,000 new beneficiaries
The goal to provide financial inclusion for all Nigerians regardless of social class and economic status has made giant strides across the country as countless traders, artisans and farmers continue to laud the Federal Government for giving them a way to access credit for their businesses through the Government Enterprise and Empowerment Program (GEEP).
Germany, Nigeria and Africa’s future
The Nigerian Business Dialogue jointly organised by the Nigerian Embassy in Berlin and the Africa Verein der Deutschen Wirtschaft, comes, at a time when Germany...
2019: Opposition insists government using SIPs to induce votes
With allegations that the timing of the Federal Government’s TraderMoni, an aspect of Social Investment Programmes (SIPs) was deliberately planned...