Nigerians better together – Osinbajo
Vice President Yemi Osinbajo says it is very important and more beneficial for Nigeria as a nation to remain together, than to be apart. “Rather than promoting division, Nigerians should continue to promote unity and togetherness...
FG targets more Nigerians in new social investment
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.
2.2m Nigerians benefit from TraderMoni
About 2.2 million traders in Nigeria have benefitted from the Federal Government’s TraderMoni scheme, aimed at lifting Nigerians out of poverty.
Kwara understudies TraderMoni to fight poverty
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.
BoI recognised for financial inclusion programmes
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,…
Ijegun bad roads beg for Sanwo-Olu’s attention
As Babajide Sanwo-Olu settles into the task of governing Lagos State, he has his job already cut out for him. And to set a template...
Second term: FG to scale up Tradermoni, N-Power, others
The Federal Government will scale up the National Social Investment Programmes (NSIP) to reach more Nigerians in this second tenure of President Muhammadu Buhari, an official said on Saturday. Maryam Uwais, Senior Special Adviser to the President on Social Investment Programmes gave the assurance in Lagos. She spoke at a conference organised by the Reformers…
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.
Nigeria’s poverty level discomforting, says Buhari
President Muhammadu Buhari has decried the excruciating poverty in the country, adding that the situation makes him uncomfortable. Speaking during the breaking of fast at Aso Villa on Monday night, the president regretted the failure of the elite to address the welfare and educational needs of the less privileged in the society. He charged the…
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.