No fewer than 350,000 micro enterprises across the 36 states of Nigeria have benefited from the Federal Government Enterprise and Empowerment Programme, GEEP MarketMoni scheme. The Executive Director, Bank of Industry, BoI, Mrs. Toyin Adeniji, told newsmen at the Kano edition of Micro Small and Medium-scale Enterprises
, MSME, clinic that GEEP MarketMoni was a Federal Government Social Intervention Programme, SIP, that provides interest-free loans of N10,000 to N100,000 to micro-enterprises.
Adeniji revealed that under the GEEP MarketMoni scheme, BOI had given out more than 350,000 microcredit loans across the country.
Speaking at the event, Special Assistant to the Vice President on MSME, Tola Johnson, said: “The best thing that has happened to micro-businesses in Nigeria is the GEEP MarketMoni programme.”
Johnson added that of the 37 million small businesses in Nigeria, 36.9 million were micro-enterprises.
The Head of Agent Networks, Sherifat Abdullahi, who interacts with agents, association heads and beneficiaries, said that apart from the 350,000 direct beneficiaries, GEEP had created employment opportunities for over 5,000 Nigerians who act as MarketMoni agents, some of whom were graduates.
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