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· 2.3 million Micro, Small and Medium Enterprises have accessed interest-free loan facilities under the Government Enterprise and Empowerment Programme (GEEP) in the four years of its operation
· Minister of Humanitarian Affairs, Disaster Management and Social Development, Saidya Umar Farouq said GEEP had brought credit support and financial inclusion closer to more than 37 million
Nigerians at the bottom of the economic pyramid
2.3 million Micro, Small and Medium Enterprises have accessed interest-free loan facilities under the Government Enterprise and Empowerment Programme (GEEP) in the four years of its operation.
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Saidya Umar Farouq said GEEP had brought credit support and financial inclusion closer to more than 37 million Nigerians at the bottom of the economic pyramid. GEEP, along with the N-Power Programme, Conditional Cash Transfer is a part of the National Social Investment Programme.
The minister stated that the scheme’s beneficiaries comprised people who are engaged in active commercial activities but who lacked access to credit. GEEP, offers loans between N10,000 and N300,000 to traders, enterprising youths, artisans, agricultural workers and other micro-service providers through its TraderMoni, FarmerMoni and MarketMoni, platforms for reaching out to the target groups. She affirmed that around 109,823 beneficiaries of various types of programs had gone ahead to establish their businesses. The CCT programme offers targeted monthly cash transfers of N5000 to poor and vulnerable households.
