GEEP Loan: Ministry continues N50,000 GEEP Loan Disbursement to Beneficiaries

The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development has continued the disbursement of the N50,000 GEEP Loan to the beneficiaries of the Programme (GEEP 2.0).

Speaking in Yenagoa on Tuesday, the Minister, Sadiya Umar Farouk stated that about 8,762 potential beneficiaries were registered in Bayelsa State across the 8 LGAs after which verification was carried out and about 828 beneficiaries were selected. 

The event of the Minister's visit to commiserate with the Govermnent and the people of Bayelsa State over the recent flood Disaster witnessed the disbursement of the N50,000 loan to the beneficiaries.

According to the Minister, GEEP Loan is a programme designed by President Muhammadu Buhari administration for vulnerable and low-income Nigerians who are involved in some sort of commercial activity/capacity but have never had the opportunity to access loans. 

It is meant to give priority to the most vulnerable in our society eg widows, youth, disabled and the displaced amongst others.

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GEEP Loan as a compoment of the National Social Investment Programme (NSIP) is captured in three signature schemes namely the TraderMoni  loan of N50,000, targeted towards uplifting under-privileged and marginalized youths between the ages of 18-40 years in Nigeria.

MarketMoni is an empowerment programme designed for under privileged and marginalized women in our society specifically targeted towards Female headed households.

FarmerMoni loan scheme is designed to  provide agricultural inputs worth up to a maximum of N300,000 to rural farmers.

The disbursement of the GEEP Loan under the GEEP 2.0 has been flagged off in many States of the Federation.

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