The Federal Government of Nigeria has flagged off its cash grants initiative for vulnerable groups in Imo and Abia State. The disbursement of the Conditional Cash Transfer programme has commenced in both states.
According to the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, at least 3,894 beneficiaries across the 27 local government areas in Imo state would receive N20,000 one-off Cash Grant for Vulnerable Groups.
The Humanitarian Minister also disclosed that about 4,738 beneficiaries were selected for the Government Enterprise Empowerment Programme interest-free loans.
She said that the beneficiaries of the program would receive loans ranging from N50,000 to N300,000 for farmers, petty traders, widows and youths.
“Today, l have come to Roll Out the programme in the “Land of Hope” Imo State. Hence, successful beneficiaries of the GEEP programme will start receiving credit alerts from the Access bank by God’s grace.
“This is a programme designed by President Muhammadu Buhari’s administration for vulnerable and low-income Nigerians who are involved in some sort of commercial activity or capacity but have never had the opportunity to access loans. It is meant to give priority to the most vulnerable in our society, e.g. widows, youth, disabled and the displaced amongst others,” she said.
She noted that Abia State has 4,108 beneficiaries of the Government Enterprise Empowerment Programme (GEEP) interest-free loans, while 3,107 would receive N20,000 each as Cash Grants to Vulnerable Groups.
Source: Nyscinfo.com