COVID-19 Economic recovery plan: Dissecting states’ initiatives
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…
FG’s COVID-19 palliatives: Why Nigerians are not feeling the impact
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.
TraderMoni, MarketMoni beneficiaries doing well – Osinbajo
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.
Poor implementation, corruption allegations, politicisation dog FG’s social safety net scheme
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.
GEEP and financial inclusion: an inside look at the impact of GEEP loans on beneficiaries
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.
Vice President, Yemi Osinbajo Launches Phase Two of TraderMoni and MarketMoni in Anambra
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.
Osinbajo unveils second phase of TraderMoni in Anambra
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…
FG launches phase two of trader, Marketmoni in Anambra, as beneficiaries rejoice
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.
FG restates commitment to national unity
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…
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.