GEEP 2.0/ Npower 2021: Sadiya Gives New Update on Disbursement
GEEP 2.0/ Npower 2021: Sadiya Gives New Update on Disbursement: The Humanitarian Minister, Umar Sadiya Farouq has given the latest updates on the Npower Batch C Stream 1 and the Government Enterprise Empowerment Programme (GEEP) loan status
According to the Humanitarian Minister, the N-power batch C stream, 1 has fully started, she gave all the key components of batch C stream 1
N-Power Knowledge – Which is also a non-graduate programme but deliberately designed for gaining ICT skills. It includes the N-Tech Hardware,
N-Tech, Software, and the N-Creative training programmes.
N-Power Volunteer Corps which is the Graduate programme
N-Power Build, which is a Non-Graduate programme
“N-power has a graduate and non-graduate component. In furtherance of Mr. President’s approval for the restructuring of NSIP, we have instituted processes to revamp the programme and to make it more impactful on the economy and citizens”
The N-Power Volunteer (graduates) are entitled to a monthly stipend of N30, 000 for one year.
The non-graduate beneficiaries are entitled to an N10, 000 monthly stipends for 9 months.
All beneficiaries are granted an appropriate starter pack for their trade to enable them to start their businesses in their chosen trades
“To ensures fairness, transparency, and credibility in the recruitment process a few innovations have been introduced and they include the online application and selection strategy facilitated by NASIMS as well as a USSD number #45665# to ensure ease of interaction and communication”
Batch C has 1,000,000 beneficiaries divided into 2 streams. Stream C1 is made up of 510,000 beneficiaries while stream C2 has 490,000 beneficiaries.
Under Batch C1, a total of 450,000 have been selected to benefit under the graduate component, while 60,000 will be non-graduate beneficiaries.
“On Tuesday, it was my pleasure to welcome special guests to the official launch of the Government Enterprise Empowerment Programme (GEEP 2.0) another of the poverty reduction intervention clusters approved by the FG under the NSIP. Established in 2016 and domiciled in the office of the VP it was transferred to @fmhdsd in 2019”
“The GEEP programme is a veritable tool designed by President Muhammadu Buhari’s administration to end poverty in many forms.
“GEEP targets the unbanked and vulnerable but skilled population that has always been left out or who have not had access to credit delivery programmes and it is also directed at providing soft and affordable loans to finance their existing businesses”
Further to Mr. President’s gracious approval to provide loans to an additional 1,000,000 beneficiaries, with emphasis on smallholder farmers in the year 2020/2021, GEEP has been restructured and has now commenced as GEEP 2.0
The key features of GEEP 2.0 include:
i. empowering Nigerian farmers especially the rural farmers;
ii. rapid scaling up of Farmer Moni to contribute to the growth of the GDP through the increase of agricultural produce, food security, and job creation;
iii. Market Moni which will focus on the underprivileged and marginalized women in the rural communities
iv. Trader Moni to empower and uplift underprivileged and vulnerable youth specifically those out of school (i.e scavengers, market wheelbarrow boys, orphans, and youth with special needs like PLWD;
“GEEP 2.0 will also have a nationwide reach to empower farmers in our rural areas irrespective of gender, ethnicity, or religion across all the 36 states of Nigeria; and It is anticipated to reduce unemployment by creating skilled jobs for the under-privileged with prospects of increasing IGR for the states”