Please be informed that the Federal Government is set to inaugurate the expanded Government Enterprise and Empowerment Programme (GEEP), specifically the Market Moni loan, also known as IYALOJA, Nne Ahia, or Agajin Yankasuwa. The launch, scheduled for November 22, 2023, at the Banquet Hall State House, FCT Abuja, will commence at 9:00 am.
Under the stewardship of the National Social Investment Programmes Agency (NSIPA) within the Federal Ministry of Humanitarian Affairs and Poverty Alleviation, the GEEP initiative aims to empower market traders across Nigeria.
The special guests of honor for this auspicious occasion include President Ahmed Bola Tinubu, the First Lady of Nigeria, and Sen. Oluremi Tinubu. The Honourable Minister of Humanitarian Affairs, and Poverty Alleviation, Dr. Betta Edu, will serve as the chief host.
The newly expanded program, named “The IYALOJA Market Fund,” is designed to provide a non-interest loan of N50,000 to phase 1 of market traders. The beneficiaries will be selected from 109 markets spanning every Senatorial zone in Nigeria. The ambitious program targets reaching a minimum of 1.5 million Nigerians nationwide.
To further understand the IYALOJA Loan Scheme, interested parties can explore the “5 Things To Know About IYALOJA Loan Scheme” on the FG Discussion Telegram platform. The sensitization and enrollment process is already underway, paving the way for the official flag-off next month.
The launch of the GEEP Loan IYALOJA signifies a significant step towards economic empowerment, with the government’s commitment evident in the selection of diverse markets across the country. As the program unfolds, it promises to bring positive change to the lives of market traders, fostering economic growth and resilience.
In addition to the launch event, it’s noteworthy that the GEEP Loan IYALOJA program is strategically aligned with the government’s vision for inclusive financial empowerment. The non-interest loan structure is designed to cater to the unique needs of market traders, ensuring accessibility and fairness in the distribution of funds.