President Muhammadu Buhari, like most Nigerians, is excited by the rise in the Gross Domestic Product in the second quarter of last year which posted 5.01 per cent jump in the figures

When the federal and state governments introduced drastic measures to curb the spread of COVID-19 in the country, which included the lockdown of economic activities except for essential services, it was obvious to discerning minds that hard times were around the corner. President Muhammadu Buhari took note of this during his nationwide broadcast on March…

There is a widespread belief among Nigerians that the country is not bereft of good policies to make life better for the citizenry. What they see as the missing link is the lack political will and unalloyed sincerity to give life to such policies.

The Federal Government has said it intends to double the number of beneficiaries of the Government Enterprise and Empowerment Programme (GEEP) scheme, particularly through the TraderMoni and the MarketMoni.

Vice President Yemi Osinbajo says feedback from the field and testimonies indicate that the TraderMoni and MarketMoni beneficiaries are doing very well and are paying back their loans.

There are growing concerns over the National Social Investment Programmes (NSIP), which is a social safety net established by the Federal Government, in 2016, to tackle poverty and hunger across the country.

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.

The Muhammadu Buhari-led administration remains dedicated to lifting more Nigerians out of poverty through interest and collateral free loans, hence, the second phase of the TraderMoni and MarketMoni project has been launched. Started in 2016, the loans are targeted at small scale traders and artisans, giving them access to much needed loans that can grow their businesses and transform the local economy. This was why on Friday, May 3rd 2019, Vice President, Prof. Yemi Osinbajo visited two markets in Anambra state— Ochanja Market, Onitsha and Eke Awka, Awka— to assess the impact of the schemes and formally flag-off the second phase of the loan disbursements there.

To increase social intervention across different market segments, Vice President Yemi Osinbajo has unveiled the second phase of the TraderMoni and MarketMoni in Awka and Onitsha, Anambra state. The schemes were launched in both Eke Awka in Awka South local government area, and Ochanja Market in Onitsha, as beneficiaries acknowledged the receipt of funds ranging…

The Federal Government has rolled out the second phase of Government Enterprise and Empowerment Programme (GEEP) products aimed at giving assistance to traders across the country and encourage growth of their businesses.

The Federal Government on Friday reaffirmed its commitment to ensure that the country remained united and that all citizens, regardless of ethnicity, religion or political affiliation, regard themselves as one. Vice President Yemi Osinbajo gave the assurance when he paid a courtesy visit to the Traditional Ruler of Onitsha, Igwe Alfred Achebe. The News Agency…

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.