Over 7,000 beneficiaries will receive cash grants and GEEP loans in Imo and Abia
By Chimezie Godfrey
The federal government has started the disbursement of cash grants for vulnerable groups in Imo and Abia states.
Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, announced the programs on Saturday, September 10, 2022 at Concorde Owerri Hotel, alongside digitized payment for conditional cash transfers.
At least 3,894 beneficiaries across the 27 local government areas of the state will receive a one-time cash grant of twenty thousand naira for vulnerable groups in Imo state while
about 4,738 beneficiaries were selected for interest-free loans from the government’s enterprise empowerment program.
In her address, the Minister said that beneficiaries will receive loans ranging from N50,000 to N300,000 for farmers, small traders, widows and young people.
“Today I have come to roll out the program in Imo State “Land of Hope”. Therefore, successful beneficiaries of the GEEP program will start receiving credit alerts from Access bank by the grace of God.
“This is a program designed by the administration of President Muhammadu Buhari for vulnerable, low-income Nigerians who are involved in some sort of business activity or capacity but have never had the opportunity to access loans. It is supposed to give priority to the most vulnerable in our society, for example widows, young people, the disabled and the displaced, among others”.
In his response, the Executive Governor of Imo State, Senator Hope Uzodinma thanked President Muhammadu Buhari for the commendable empowerment programs which he described as life touching. The Governor has requested more slots in social empowerment programs for Imo State to cushion the effects of banditry and insecurity in the state.
“We have felt the impact of the national investment programs of the Ministry of Humanitarian Affairs. We appreciate the ministry’s efforts to ensure that President Buhari’s dream of lifting 100 million Nigerians out of poverty is realized. We also ask you to increase the number of beneficiaries in Imo state. Lately, the poverty index in the state has increased due to banditry and insecurity.“
Minister Umar Farouq also presented letters of commitment and monitoring devices to some of the ninety-five self-employed monitors on board and utensils for students under the National Home Grown School Feeding Programme.
In Abia State, the Minister who was represented by the Director of Special Needs, Ms. Nkechi Onwukwe also launched GEEP 2.0 with 4,108 beneficiaries.
3,107 will receive twenty thousand naira each in cash grants to vulnerable groups, while twenty-seven independent monitors have been onboarded in Abia State and provided with mission letters as well as monitoring devices.
“While the objective of this cash grant project is to increase the incomes and productive assets of the target beneficiaries, it is strongly expected that the beneficiaries will use the grants to improve their productivity, create wealth, create jobs and improve their standard of living,” Umar said. said Farouk.