Categories: Economy And Business Headline

FG Flags Off Cash Grants For Vulnerable Groups In Imo, Abia States

Advertisement
Advertisement

FG has flagged off cash grants for vulnerable groups in Imo and Abia States.

 

 

Newsonline reports that the Federal Government says it has commenced the disbursement of Cash Grants for Vulnerable Groups in Imo and Abia States.

 

ALSO: Application Opens For INEC Adhoc Staff Recruitment For 2023 Election, APPLY NOW

 

The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, disclosed this during the flag-off of the Digitized Payment for Conditional Cash Transfer programme on Saturday in Owerri.

 

She said at least 3,894 beneficiaries across the 27 local government areas of the state would receive a twenty thousand Naira one-off Cash Grant for Vulnerable Groups in the state.

 

She also revealed that about 4,738 beneficiaries were selected for the Government Enterprise Empowerment Programme interest-free loans.

 

The Minister noted that the beneficiaries would receive loans ranging from N50,000 to N300,000 for farmers, petty traders, widows and youths.

 

“Today, l have come to Roll-Out the programme in the “Land of Hope” Imo State. Hence, successful beneficiaries of the GEEP programme will start receiving credit alerts from Access bank by God’s grace.

 

“This is a programme designed by President Muhammadu Buhari’s administration for vulnerable and low-income Nigerians who are involved in some sort of commercial activity or capacity but have never had the opportunity to access loans. It is meant to give priority to the most vulnerable in our society eg widows, youth, disabled and the displaced amongst others,” she said.

 

She added that Abia State has 4,108 beneficiaries of the Government Enterprise Empowerment Programme interest-free loans, while 3,107 would receive twenty thousand naira each as Cash Grants to Vulnerable Groups.

Advertisement
NewsOnline Nigeria

Recent Posts

  • Top Stories

VDM Mobilizes Nigerians To Boycott Access Bank Over Alleged N500m Theft (VIDEO)

VDM has mobilized Nigerians to boycott Access Bank over alleged N500m theft of deceased money.…

7 hours ago
  • Brands & Marketing

Zenith Tech Fair 4.0 Ends On A High As Hackathon Winners Get N77.5m Cash Reward

A total sum of N77.5 million in prize money was won at the end of…

20 hours ago
  • Brands & Marketing

Dubai Racing Club Announces Zoho as Exclusive Technology Partner

Dubai Racing Club has announced Zoho as an exclusive technology partner.   NewsOnline Nigeria reports…

20 hours ago
  • Exchange Rates

BREAKING: CAC Deletes 80,000 Top Companies From Database (FULL LIST)

CAC has deleted 80,000 top companies from the database.   NewsOnline Nigeria reports that the…

20 hours ago
  • 2027 Election

Bode George Warns Atiku Abubakar Against Contesting 2027 Presidency

Bode George has warned Atiku Abubakar against contesting the 2027 Presidency.   NewsOnline Nigeria reports…

20 hours ago
  • Exchange Rates

Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today, 22 November 2024

The black market dollar to Naira exchange rate on Friday 22 November 2024 can be…

20 hours ago