FG SET TO DISBURSE INTEREST-FREE LOAN TO WORKERS

The Nigerian government has unveiled a N100,000 interest-free loan scheme under the Government Enterprise and Empowerment Programme (GEEP) scheme

The disbursement will commence before the end of 2025, government officials explained in a recent statement

The programme managers said the scheme is part of ongoing efforts to reduce poverty and support informal businesses in Nigeria

The Federal Government has announced the rollout of interest-free loans of up to ₦100,000 for smallholder farmers, petty traders, and micro-business owners across Nigeria.

The initiative, under the Government Enterprise and Empowerment Programme (GEEP), will begin disbursements before the end of 2025, according to officials.

President Bola Tinubu's government has released several empowerment schemes for Nigerians. Credit: State House.

Source: Facebook

Loan categories: FarmerMoni, TraderMoni, MarketMoni

Speaking in Kaduna during an engagement with traders’ associations and stakeholders, programme managers said the intervention is part of ongoing efforts to reduce poverty and support informal businesses that drive much of Nigeria’s economy.