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.
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…
BMO sheds light on TraderMoni scheme
The Buhari Media Organisation (BMO) says contrary to speculations, the TraderMoni sheme enjoys constitutional backing...
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.