BOI rolls out repayment scratch-cards for TraderMoni and MarketMoni Loans
The Bank of Industry has begun the roll-out of its voucher-based loan repayment recharge cards for the GEEP TraderMoni, MarketMoni, and FarmerMoni loans.
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...
Disrupting credit: how GEEP is enabling access to affordable credit, solving the collateral problem
With a population of over 190m, Nigeria has over 30 million MSMEs employing over 60 million of the population and contributing about 85% of our total labor force in the country. Micro, Small and Medium businesses have been the bedrock of the Nigerian economy. But a lot of them continue to remain at the same level because they lack access to funding from commercial banks; the average Nigerian MSME owner does not have a collateral, and cannot afford the interest rate charged by banks. Consequently, these businesses have remained at subsistence level; unable to utilize the opportunities in the Nigerian economy to grow.
BoI commences second level Tradermoni disbursements as beneficiaries repay loans
The Bank of Industry (BoI) has begun the disbursement of N15,000 TraderMoni loans to beneficiaries who have successfully paid back their first N10,000 loans. According to the Bank, the disbursement is in response to the increasing beneficiary repayments recorded under the scheme. Through a flexible weekly loan repayment plan of N430 per week paid over…
‘Over 8,000 MSMEs benefitted from FG’s Marketmoni in Ekiti State’
The Bank of Industry (BoI), has said that over 8,000 Micro, Small & Medium Enterprises in Ekiti State have so far benefitted from the Federal Government’s ‘Marketmoni’ empowerment scheme. The bank also put the number of beneficiaries of ‘Tradermoni’ in the State at over 20,000. Both schemes are the two components of the Government Enterprise…
February 16, 2019: Why Nigerians will not look back
In this past three and a half years of the Buhari presidency, one, thankfully, has learnt, experienced and been part of quite a number of things. One of those things is the amount of dedication, the depth of patriotic zeal and sheer hard work that is going on in this administration. I know President Muhammadu Buhari’s determination…
GEEP MarketMoni interest-free loans reach 350,000 beneficiaries nationwide
The Federal Government Enterprise and Empowerment Programme (GEEP) MarketMoni scheme has successfully reached over 350,000 micro enterprises in the 36 states and the Federal Capital Territory.