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

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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.

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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.

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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.

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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.

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

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.

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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.

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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.

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“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.

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

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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.

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BREAKING: Former Customs Comptroller-General, Ahmed Aliyu Mustapha, Is Dead

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Dr. Ahmed Aliyu Mustapha, who served as Comptroller-General of the Nigeria Customs Service from 1999 to 2003, has passed away.

Adamawa State Governor, Ahmadu Umaru Fintiri, confirmed his death in a statement shared on his social media pages on Thursday.

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Deeply saddened by the passing of Alhaji Ahmed Aliyu Musdafa, former CG of Customs. A man of service, dignity & duty whose legacy will live on. My prayers are with Lamido Adamawa, the Musdafa royal family & all who mourn him. May Allah grant him Aljannah Firdaus,” Fintiri wrote.

Mustapha, an elder brother to the Lamido of Adamawa, Alhaji Dr. Muhammadu Barkindo Aliyu Mustapha, also held the revered traditional title of Sardauna Adamawa.

READ ALSO: Six Dead, 10 Missing In China Bridge Collapse

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He joined the NCS as a young cadet and steadily rose through the ranks before his appointment as Comptroller-General in 1999, at the dawn of the Fourth Republic.

His tenure was marked by strengthened anti-smuggling operations, and he played a central role in several national task forces established to combat economic sabotage. In 1988, he received the Ministerial Award for Outstanding Performance, a recognition of his distinguished service.

Mustapha retired from the Service in December 2003, after more than three decades of active duty. In retirement, he remained a respected elder statesman within the Customs community and the Adamawa Emirate, where his counsel and influence continued to be widely sought until his passing.

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Lagos Man Killed In Fight, Suspect Arrested

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The Lagos State Police Command has arrested a man, Ebuka Adindu, for allegedly stabbing Sodiq Ibrahim to death during a violent confrontation in the Mandillas area of Lagos on Wednesday.

A social media user, @JackFleet, who first raised the alarm on X.com, wrote, “There’s a fracas going on presently in Lagos Island, Mandillas to be precise.

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Two guys were fighting, and it resulted in the death of one of them. Right now, street urchins have taken the law into their hands, stabbing innocent people on the street.”

Reacting to the post, the command’s spokesperson, Benjamin Hundeyin, dismissed the claim that miscreants had taken over the area.

READ ALSO:Lagos: Police Arrest Security Guard For Stealing Generators, Others

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“Your claim of street urchins taking over the street is false. Please do not cause unnecessary panic. DPOs Lion Building and Ebute-Ero are currently on the ground with their men, maintaining the restored peace.

“Also, the suspect has been arrested and is in custody for further necessary actions,” Hundeyin stated in a post on Wednesday.

In a follow-up message to PUNCH Metro on Wednesday, Hundeyin clarified that the incident was not a tribal clash, as was being speculated.

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The Lagos State Police Command hereby wishes to inform the general public that there was no tribal clash or disturbance between any ethnic groups and others inside Balogun Market today.

READ ALSO:Man Kills Self In Imo Over Hardship, Family Neglect

“There was an incident of a free-for-all between some hoodlums and miscreants in the Balogun Market in the early hours of today at around 11 am.

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“During the fight, one Ebuka Adindu from Abia State stabbed one Sodiq Ibrahim from Kogi State to death, and the said Ebuka Adindu in turn stabbed himself on the shoulder and became unconscious.

“He is currently under arrest in the hospital, where he is being treated. Investigation into the matter will be concluded, and he will be prosecuted after he has been discharged from the hospital,” Hundeyin explained.

The police stressed that no innocent lives were lost, no other injuries were recorded, and no goods or property in the market was destroyed.

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The statement read, “The Lagos State Police Command wishes to reiterate that the incident is not a tribal clash but purely between miscreants and hoodlums around the Balogun Market. Normalcy has been restored.

“Marketers and the general public on the Island and other parts of Lagos State are encouraged to go about their businesses and other lawful endeavours without fear or apprehension.”

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Hundeyin, quoting the state Commissioner of Police, Olohundare Jimoh, called on Lagos State residents “to remain law-abiding and cooperate with the police command to sustain existing peace in the state and not to spread fear in the mind of the public, as Lagos is generally peaceful.”

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JUST IN: NLC Defies Edo Assembly Resolution, Inaugurates Factional Caretaker Committee

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The Nigeria Labour Congress (NLC) has inaugurated Professor Monday Igbafen as Caretaker Committee Chairman of the Edo State Council despite resistance from the state House of Assembly.

This particular faction is supported by the President of the Nigerian Labour Congress, Comrade Joe Ajero, while the Edo State government is in support of the Comrade Bernard Joman Egwakhide-led faction.

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The swearing-i was initially slated to take place at the Adams Oshiomhole Labour House in Benin City on Thursday, but the venue was locked and secured, apparently in a bid to block the event from taking place.

This came two days after the state House of Assembly passed a resolution urging the NLC to suspend the inauguration and instead recognize Comrade Bernard Joman Egwakhide as the rightful leader of the union in Edo.

READ ALSO: Strike: NLC To Shutdown FCT After Tinubu’s Project Inaugurations Labour

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In spite of this, the NLC delegation from the national secretariat, led by Comrade Oluwole Adeleye Sunday, pressed on with their plans.

The group initially moved to the ASUU Secretariat within the Ugbowo campus of the University of Benin, however, after information about that location was leaked, the team quickly relocated.

The inauguration was eventually conducted at an undisclosed venue under tight security.

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Speaking during the ceremony, Comrade Oluwole charged the newly constituted faction to restore unity within the state chapter.

You are to resolve all contending issues and work towards electing new executives,” he said.

READ ALSO: May Day Shocker: NLC Cancels Celebrations In Rivers, Edo States

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In his acceptance remarks, Professor Igbafen pledged to mend divisions within the Edo NLC, assuring stakeholders of a renewed focus on solidarity and internal cohesion.

At NLC Secretariat, operatives of the Nigeria Police Force sealed off the Edo State secretariat of the Nigeria Labour Congress otherwise known as the Adams Oshiomhole Labour House.

Similarly, the main gate of the University of Benin was beefed up with police personnel.

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Some suspected thugs were also seen loitering around the secretariat.

READ ALSO: NLC Turns May Day Into Protest March For Fubara In Rivers

A police Armoured Personnel Carrier was deployed to the NLC secretariat,
while heavy security at the Labour House and the UNIBEN main gate were present.

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Some NLC leaders from neighbouring states, who were scheduled to attend the inauguration, at the Labour House, expressed regret that they could not access the secretariat.

Speaking, Comrade Augustine Igben from the Maritime Workers Union, said he was embarrassed when he was not allowed entry into the Edo Labour House.

“I felt embarrassed about the whole thing. How can the police barricade the Labour House when there is no war. It is a Labour issue. They should allow Labour to settle the issues themselves.” He said.

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