30.2 C
Lagos
Friday, January 27, 2023

Over 7,000 beneficiaries to receive cash grants, GEEP Loans in Imo State, Abia

Must read

Newborn ‘Fighting For Life’ After Dad Shoots Pregnant Mum Dead

A newborn is in critical condition after being born shortly before his due date after his mother was shot and killed by the baby’s...

Controversial Australian Cardinal, Pell, Dies 81

An Australian Cardinal and adviser to Pope Francis, Cardinal George Pell, has died aged 81. Pell died due to complications from hip surgery on Tuesday,...

CBN Cash Withdrawal Limit Begins Today

The Central Bank of Nigeria’s policy on restriction on daily cash withdrawal takes off across the country today, Monday, January 9. The PUNCH reports that...

College of Health Technology Student Arrested For Hacking Cousin To Death In Adamawa

The Adamawa State Police Command has arrested a student of the College of Health Technology Mubi, Adamawa state, Komi Yusuf, for matcheting his cousin...
Fakayejo Paul
Fakayejo Paul Adeluyi also Known as Paulchesky Darey . A Content Creator at Montorox Communication Limited. An Engineer || Writer || Researcher || Social Media Manager || Football Expert || Die - Hard Arsenal Fan. Yoruba Boy With Igbo Sense and Hausa Look.

The Federal Government has begun the disbursement of Cash Grants for Vulnerable Groups in Imo and Abia states, a Saturday statement from the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, read.

According to the statement, the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq flagged off the programmes on Saturday September 10, 2022 at the Concorde Hotel Owerri, alongside the Digitized Payment for Conditional Cash Transfer.

At least 3,894 beneficiaries across the 27 Local Government Areas of the State will receive a twenty thousand Naira one-off Cash Grant for Vulnerable Groups in Imo state while
about 4,738 beneficiaries were selected for the Government Enterprise Empowerment Programme interest free loans.

 

n her address, the Minister stated that the beneficiaries will 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 proagramme will start receiving credit alerts from Access bank by God’s grace.

“This is a programme designed by President Muhammadu Buhari 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,” the Minister said.

In his response, the Executive Governor of Imo state, Sen. Hope Uzodinma thanked President Muhammadu Buhari for the laudable empowerment programmes which he described as life touching. The Governor asked for more Social Empowerment Programmes slots for Imo state to cushion the effects of banditry and insecurity in the state.

“We have felt the impact of the National Investment Programmes of the Ministry of Humanitarian Affairs. We are appreciative of the efforts of the Ministry in making sure that President Buhari’s dream of lifting 100m Nigerians out of poverty is realized. We also appeal to you to increase the number of beneficiaries in Imo state. Lately, the poverty index in the state increased due to banditry and insecurity,” the Governor said.

Minister Umar Farouq also presented engagement letters and monitoring devices to some of the onboarded ninety-five Independent Monitors and utensils for pupils under the National Home Grown School Feeding Programme.

In Abia state, the Minister who was represented by the Director Special Needs, Mrs Nkechi Onwukwe also launched the GEEP 2.0 with 4,108 beneficiaries.
3,107 will receive Twenty Thousand Naira each as Cash Grants to Vulnerable Groups while twenty-seven Independent Monitors were on-boarded in Abia state and given engagement letters as well as monitoring devices.

“While the target of this Cash Grant project is to increase income and productive assets of the target beneficiaries, it is highly expected that the beneficiaries will use the grants to improve their productivity, create wealth, generate employment and improve their living standard,” Umar Farouq said.

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -

Latest article

Newborn ‘Fighting For Life’ After Dad Shoots Pregnant Mum Dead

A newborn is in critical condition after being born shortly before his due date after his mother was shot and killed by the baby’s...

Controversial Australian Cardinal, Pell, Dies 81

An Australian Cardinal and adviser to Pope Francis, Cardinal George Pell, has died aged 81. Pell died due to complications from hip surgery on Tuesday,...

CBN Cash Withdrawal Limit Begins Today

The Central Bank of Nigeria’s policy on restriction on daily cash withdrawal takes off across the country today, Monday, January 9. The PUNCH reports that...

College of Health Technology Student Arrested For Hacking Cousin To Death In Adamawa

The Adamawa State Police Command has arrested a student of the College of Health Technology Mubi, Adamawa state, Komi Yusuf, for matcheting his cousin...

Edo Train Abduction: One Suspect Arrested — Government says

The Edo State Government on Sunday announced that one suspect had been arrested in connection with the Saturday evening adduction of train passengers at...