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FG TO SPEND N140bn ON ENTERPRISE AND EMPOWERMENT PROGRAM

 

Government Enterprise and Empowerment Program (GEEP)

The Government Enterprise and Empowerment Program was established to provide financial support and training to businesses and entrepreneurs at the bottom of the financial pyramid.

By providing low-cost micro-lending to over a million women, enterprising youths, agricultural workers, and other vulnerable economic producers, the Government Enterprise and Empowerment Program supports the development of otherwise low-productivity sectors of the population, bringing millions of people into the modern economy and lifting communities out of poverty.

READ ALSO: UPDATE: IMPORTANT NOTICE ON CONDITIONAL CASH TRANSFER PROGRAM

A federal grant of N140 billion (US$388,888.88) was invested in the program with the goal of reaching over a million women, 200,000 artisans and MSMEs, 260,000 youth business ventures, and 200,000 farmers and agricultural workers.

Written by T.I Ukende

T.I Ukende is a professional writer and ICT consultant. He has written many evergreen articles for Benuecast blog, classicgist, ellabase and many others before birthing the newsway blog.
Newsway delivers well researched and undiluted information on business, employment opportunities, personal finance and government empowerments.

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