The Federal Government on Wednesday said it was set to roll out the Government Enterprise and Empowerment Programme 2.0 in all the 36 states and the Federal Capital Territory.
It stated that under the programme, 98,000 Nigerian farmers and small business owners would get between N50,000 and N300,000 interest-free loans. This implies that the government will give out over N5bn as loans under the scheme.
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, disclosed this in a statement issued in Abuja by her media aide, Nneka Anibeze.
Farouq said all beneficiaries of GEEP 2.0 shall receive congratulatory and sensitisation text messages in the coming days informing them of their qualification and re-emphasis that the empowerment programme was a loan and not a grant.
Written by: EaglesFM