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

Published

4 months ago

August 16, 2025

Editor

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.

“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.

“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.

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.

“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.

“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.

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.”

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.

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.

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.

News

Otuaro Felicitates Tompolo On Honorary Doctorate Award

Published

10 hours ago

December 2, 2025

Editor

Administrator of the Presidential Amnesty Programme (PAP), Dr Dennis Otuaro has congratulated High Chief Government Oweizide Ekpemupolo, popularly known as Tompolo, on the conferment of an Honorary Doctorate of Laws (LLD) by the E.K. Clark University.

Otuaro described the recognition as well-deserved and befitting, noting that Tompolo has, over the years, demonstrated uncommon commitment to the peace, progress, and stability of the Niger Delta and Nigeria at large.

According to him, Tompolo’s role in sustaining peace in the region, particularly through his steadfast support for dialogue, community engagement, and nonviolent approaches to conflict resolution, has made a significant contribution to national security and economic stability.

He further noted that, beyond his contributions to peacebuilding, Tompolo has demonstrated extraordinary compassion, philanthropy, and devotion to humanitarian causes.

He added that his investments in youth empowerment stand as clear evidence of a man whose heart is truly with his people.

“Tompolo’s good heart, generosity, and love for humanity distinguish him as a leader of rare character,” Otuaro said.

The PAP Administrator commended E.K. Clark University for identifying and honouring a personality whose impact continues to resonate across the Niger Delta and beyond.

He urged other institutions to emulate such gestures that celebrate individuals advancing society through selfless service.

Dr Otuaro prayed for God’s continued guidance, long life, and strength for High Chief Ekpemupolo as he continues to serve the Niger Delta and Nigeria with dignity, wisdom, and compassion.

News

JUST IN: Defence Minister, Badaru Mohammed Resigns

Published

10 hours ago

December 1, 2025

Editor

The Minister of Defence, Mohammed Badaru, has resigned his appointment with immediate effect.

His resignation was contained in a letter addressed to President Tinubu and dated December 1.

The Special Adviser to the President on Information and Strategy, Bayo Onanuga, confirmed this on Monday.

The presidential spokesman said Abubakar resigned on health grounds.

News

Police Deny Opening Recruitment Portal, Warn Nigerians Against Fake Adverts

Published

11 hours ago

December 1, 2025

Editor

The Police Service Commission has debunked reports circulating on social media and several unofficial websites claiming that it has opened a portal for recruitment into the Nigeria Police Force.

The Commission described the publications as fake, warning that they were created by fraudsters seeking to deceive and exploit unsuspecting Nigerians.

In a statement published on its official website on Monday, the PSC said it had not commenced any recruitment exercise.

“The general public is hereby informed that these publications are fake and entirely misleading.

“They are the handiwork of fraudsters attempting to exploit innocent citizens,” the Commission said.

It added that no recruitment portal had been opened by the Commission.

“There is currently no ongoing recruitment into the Nigeria Police Force.

“The Police Service Commission has not opened any portal for such an exercise,” the statement added.

The PSC stressed that whenever recruitment begins, the announcement will be made strictly through authorised platforms.

According to the statement, official channels include advertisements in reputable national newspapers, announcements posted on the Commission’s verified website (www.psc.gov.ng), and formal press releases.

“We urge Nigerians to rely only on information published through these official channels.

“Any recruitment portal not listed on our website is fraudulent and should be reported to the police,” the commission said.

The PSC advised the public to ignore the fake recruitment claims to avoid falling victim to scams.

The PUNCH had reported that the Police Service Commission has cautioned Nigerians seeking a career in the Nigeria Police Force to beware of fake recruitment adverts circulating online, insisting that it has not yet commenced the 2025 recruitment exercise.