Connect with us

News

FG To Disburse Interest-free Loans To Farmers, Small Businesses – GEEP

Published

on

The Federal Government will soon commence disbursement of interest-free loans to smallholder farmers and businesses across the country before the end of 2025, the National Programme Manager of the Government Enterprise and Empowerment Programme, Hamza Ibrahim Baba, has said.

Baba made this known on Friday in Kaduna during an engagement with representatives of the traders’ associations and other stakeholders in the state’s informal business sector.

He said the loans, up to N100,000 per beneficiary, were part of the FarmerMoni scheme under GEEP, which aims to support small-scale farmers involved in poultry, aquaculture, livestock rearing, and crop production.

Advertisement

This pilot phase will support farmers nationwide, small-scale business owners including Kaduna State.

“Beneficiaries will enjoy a six-month moratorium to enable them to produce before beginning repayment.

READ ALSO:Why FG Named KWAM 1 Aviation Security Ambassador — Keyamo

Advertisement

The funds will help them acquire inputs such as fertilisers, livestock, veterinary drugs, and other critical tools,” Baba said.

Baba said that the programme, domiciled under the Federal Ministry of Humanitarian Affairs and Poverty Alleviation, was one of the flagship initiatives under the National Social Investment Programme.

According to him, GEEP provides collateral-free, interest-free loans to micro-enterprises, petty traders, artisans, youth entrepreneurs, and farmers to help scale up their businesses and ensure financial inclusion.

Advertisement

He explained that GEEP operates three schemes: TraderMoni, targeting youths aged 18 to 45 involved in petty trades; MarketMoni, focused on women in small-scale trading; and FarmerMoni, for rural farmers.

Baba added, “These are not grants. They are loans but interest-free.

READ ALSO:FG Secures $5m Loan To Upgrade Power Distribution Infrastructure

Advertisement

The goal is to help Nigerians at the bottom of the pyramid improve their businesses, become part of the formal financial system, and eventually create jobs.

The co-ordinator said the loans ranged from N5,000 to N100,000, depending on the scheme, and were structured to promote sustainability through monitoring and evaluation.

He urged traders’ associations and cooperatives to work closely with GEEP Desk Officers and field enumerators across Nigeria’s 774 local government areas to ensure that only deserving beneficiaries were selected.

Advertisement

The success of this programme depends on transparency and proper targeting.
$We want to reach those who truly need support, not those looking to take advantage of the system,” he added.

Baba assured that the Tinubu administration was committed to expanding the reach of all GEEP schemes, stressing that the pilot farmer intervention would lay the foundation for broader rollout in 2026.

READ ALSO:Credicorp: NYSC Unveils N200,000 Loan Scheme For Corps Members

Advertisement

He acknowledged the contributions of previous administrations and Ministers to GEEP’s development since its inception in 2016 and extolled ongoing reforms aimed at improving delivery and accountability.

He said, “GEEP also works in synergy with other NSIP components, including the National Home-Grown School Feeding Programme, Conditional Cash Transfer, and Grants for Vulnerable Groups.

“These are all aimed at reducing poverty and improving livelihoods across Nigeria.”

Advertisement

In an interview, one of the beneficiaries, Hauwa Musa, expressed appreciation to the Federal Government for the gesture, stating that the support had significantly impacted her life and helped expand her business.

READ ALSO:Okpebholo Launches 1bn Interest-free Loan For Edo Traders

Another respondent, Mallam Umar Usman, said he had not benefited from the programme yet but expressed hope of being included in the upcoming GEEP 3.0 phase, whose disbursement was expected to commence soon.

Advertisement

The News Agency of Nigeria reports that the market leaders and stakeholders also commended the Federal Government for supporting business owners with interest-free loans.

They assured that they would work closely with the GEEP Desk Officers to ensure fair distribution and that the support reached those who genuinely needed it.

 

Advertisement

News

Popular Lagos Hairstylist Shot Sead By Suspected Cultists

Published

on

A professional hairstylist identified simply as Sebastine Timothy has been shot dead by suspected armed robbers in the Satellite Town area of Lagos State.

A police source, who pleaded anonymity because he was not authorised to speak publicly, said the deceased was attacked shortly after returning home from work.

It was gathered that the incident occurred on Sunday night along Olasanoye Street in the community.

Advertisement

READ ALSO:One Injured As Truck Falls Off Lagos Bridge

According to the source, the robbers broke into Timothy’s apartment, dispossessed him of his belongings, and transferred an undisclosed amount of money from his bank account before shooting him in the head.

The source added that the assailants fled the scene immediately after the attack, while neighbours who heard gunshots later found Timothy’s lifeless body.

Advertisement

In a separate account, an online channel known for exposing cult-related activities, Confra Naija, claimed in a post on X that the attack was cult-related.

According to the platform, the assailants, believed to be members of the Eiye confraternity, had originally targeted Timothy’s brother, who is allegedly affiliated with a rival group, Aye, but turned on the hairstylist when they could not find him.

READ ALSO:Lagos Demolishes 17 Houses For Encroaching On Waterways

Advertisement

“The Eiye cultists came to attack Sebastine’s brother, who is a member of Aye. When they didn’t find him, they turned on Sebastine, who told them his brother wasn’t around. They forced him to unlock his phone and transfer money to them, took his phone after the transfer, and shot him in the head,” the post read.

When contacted on Wednesday, the Lagos State Police Public Relations Officer, Abimbola Adebisi, confirmed the incident but gave a slightly different account. She said Timothy sustained a fatal head injury during a fight with unidentified men in the area.

He sustained an injury to the head and died on his way to the hospital. The police cannot confirm yet if it was a gunshot wound or a machete cut. The family reported the case at the station and later took his body to the mortuary,” Adebisi stated.

Advertisement
Continue Reading

News

Reps Order Suspension Of CBT Rollout For WAEC 2026 Exams

Published

on

The House of Representatives has urged the Federal Government to halt the plan by the West African Examinations Council, WAEC, to implement Computer-Based Testing, CBT, for the 2026 West African Senior School Certificate Examination, WASSCE, warning that the initiative could trigger widespread academic failure, psychological distress, and even fatalities among students.

The decision followed the adoption of a motion of urgent public importance presented by Hon. Kelechi Nworgu on Thursday, who called for immediate intervention to prevent what he described as an impending crisis in education.

Speaking on the motion, Nworgu acknowledged that while CBT has been successfully utilised by the Joint Admissions and Matriculation Board, JAMB, the current state of most secondary schools in Nigeria renders such a shift premature for WAEC exams in 2026.

Advertisement

He stressed that the Federal Ministry of Education’s plan to conduct the 2026 WASSCE via CBT, despite objections from the Nigeria Union of Teachers, NUT, and school principals, would place millions of students at a significant disadvantage, particularly those in rural communities who lack computers, stable electricity, and internet connectivity.

READ ALSO:Reps Approve Tinubu’s $2.35bn External Loan Request

“Most of the over 25,500 schools across the country, especially in rural areas, do not have functional computers or qualified computer teachers.

Advertisement

“Many students have never used a computer before, yet they are being compelled to take up to nine subjects, including theory and practical exams, through CBT,” he said.

Nworgu warned that the initiative is being rushed without sufficient groundwork and cautioned that its fallout could be severe, potentially resulting in mass failure, frustration, drug abuse, and other social ills among young people.

READ ALSO:Reps Raise The Alarm Over Terrorists’ Threat To Bomb N’Assembly Complex

Advertisement

He recommended that WAEC and the Ministry of Education postpone the CBT rollout for at least three years, suggesting a more feasible implementation period around the 2029–2030 academic session, after necessary infrastructure and training have been established.

In response, the House directed WAEC and the Ministry of Education to immediately suspend the planned CBT initiative.

It urged the government to allocate funds from the 2026 budget for hiring computer teachers, constructing computer labs with internet access, and installing standby generators in schools nationwide.

Advertisement

The House also tasked its Committees on Basic Examination Bodies, Digital and Information Technology, Basic Education and Services, and Labour, Employment and Productivity to engage stakeholders in the education and technology sectors and submit a report within four weeks to guide further legislative measures.

Continue Reading

News

Defence Minister Reacts Yo Wike–Naval Officer Clash

Published

on

The Minister of Defence, Mohammed Badaru, on Wednesday said the ministry is investigating the confrontation between the Minister of the Federal Capital Territory, Nyesom Wike, and a naval officer, A. M. Yerima, over a disputed piece of land in Abuja.

Speaking during a press briefing to commence activities for the 2026 Armed Forces Remembrance Day at the National Defence College, Abuja, Badaru said the Armed Forces would not abandon any personnel carrying out lawful duties.

He said, “Well, at the ministry, and indeed the Armed Forces, we will always protect our officers on lawful duty.

Advertisement

“We are looking into this issue, and we assure all that any officer on lawful duty will be highly protected. We will not allow anything to happen to him so long as he is doing his job, and he is doing his job very well.”

The confrontation occurred on Tuesday when Wike visited the site and alleged that the military had taken over the land illegally.

READ ALSO:Naval Officer In Face-off With Wike Breached The Law — SAN

Advertisement

In a video obtained online, the visibly enraged minister questioned the presence of armed personnel on the land, said to belong to a former Chief of Naval Staff, Vice Admiral Zubairu Gambo (retd.).

Beyond the incident, Badaru used the briefing to unveil new initiatives aimed at strengthening military operations, veteran welfare, and national security.

He announced that the Federal Government had initiated a programme tagged “Reclaiming the Ungoverned Space for Economic Benefits Programme (RUSEB-P)”, which will deploy retired yet agile military veterans to help secure and rehabilitate areas previously occupied by terrorists.

Advertisement

“By engaging veterans to reinforce local security and initiate projects like farming and mining, RUSEB-P will prevent the resurgence of terrorism, revitalise local economies, and strengthen national security and cohesion,” he said.

READ ALSO:I’ll Support Trump To Fight Terrorism In Nigeria If… – Wike

The minister also launched the “Thank A Soldier” QR Code, which allows Nigerians at home and abroad to send personalised appreciation messages to troops on the frontlines.

Advertisement

On ongoing military operations nationwide, Badaru said troops under President Bola Tinubu’s administration had neutralised more than 13,000 terrorists and criminals, arrested over 17,000 suspects, rescued nearly 10,000 hostages, and destroyed 1,900 illegal refining sites.

He added that over 100,000 Boko Haram/ISWAP fighters and their families had surrendered.

Speaking on veterans’ welfare, he revealed that the ministry was setting up a Veterans’ Databank and Call Centre, and had enrolled 2,141 Civil War veterans who previously did not qualify for pension benefits.

Advertisement

READ ALSO:Protest Rocks PDP National Secretariat As Wike-led Faction Takes Over

The government also plans to amend the Nigerian Legion Act and rename it Veterans Federation of Nigeria (VFN).

Badaru said the Defence Health Maintenance Limited now covers more than 400,000 enrollees, including 205,000 veterans and their families across the country.

Advertisement

He urged Nigerians to show gratitude to troops and fallen heroes.

“We must continue to honour gallant men and women who embody valour, discipline, and unity — the pillars of our democracy and sovereignty.”

Advertisement
Continue Reading

Trending