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FG engages 98,000 beneficiaries of GEEP 2.0 programme

The Ministry of Humanitarian Affairs, Disaster Management and Social Development has concluded plans to roll out the Government Enterprise and Empowerment Programme GEEP 2.0 in all 36 states and the Federal Capital Territory.

 This follows the final verification of Phase 1 applicants who qualified and were selected to benefit from small loans ranging from N50,000 to N300,000.

 Minister Hajiya Sadiya Umar Farouq said that all beneficiaries of GEEP 2.0 shall receive congratulatory and sensitization text messages in the coming days informing them of their qualification and re-emphasis that the empowerment program is a loan and not a grant.

 “All qualified beneficiaries will soon receive their disbursement alerts. We wish to remind all qualified beneficiaries that this is a loan payable without interest. It is not a grant or a government windfall. It is a soft interest-free loan that must be paid back within 9 months”.

 The GEEP 2.0 is a loan scheme designed by the Federal Government to provide financial inclusion and give credit access to poor and vulnerable individuals, including Persons with Disability and persons at the bottom of the economic pyramid who are engaged in small scale commercial activities under its three flagship schemes: MarketMoni, TraderMoni and FarmerMoni.

Reporting by Hadiza Abdulrahman, editing by Daniel Adejo