Sadiya gives a new update on disbursement in GEEP 2.0/Npower 2021: Umar Sadiya Farouq, Humanitarian Minister has updated us on the Npower Batch C Stream 1 loan status and the Government Enterprise Empowerment Programme (GEEP).
The Humanitarian Minister stated that the N-power batch C stream, 1, has started fully. She stated all the main components of batch C stream 1.
- N-Power Knowledge – This is a programme that’s for non-graduate students, but was designed to teach ICT skills. It also includes the learning of N-Tech Hardware.
- N-Tech, Software, and N-Creative training programs.
- N-Power Volunteer Corps, which is the Graduate program
- N-Power Build is a non-graduate program.
“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”
N-Power Volunteers (mainly graduates) are eligible for a monthly stipend in the amount of N30, 000 for a year.
Non-graduate beneficiaries have the right to an N10,000 monthly stipend for nine months.
To enable beneficiaries to start their own businesses in the trades they choose, all beneficiaries will receive a starter pack.
“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, which are divided into 2 streams. Stream C1 has 510,000 beneficiaries, while stream C2 contains 490,000 beneficiaries.
Batch C1 has selected 450,000 beneficiaries for the graduate component. 60,000 are 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”
GEEP 2.0 has begun following the gracious approval of Mr. President to extend loans to 1,000,000 additional beneficiaries. The emphasis is on smallholder farmers for 2020/2021.
GEEP 2.0’s key features include:
- Empowering Nigerian farmers, especially rural farmers
- Rapid scaling up of Farmer Moni will contribute to the GDP growth through the increased agricultural produce, food security, and job creation
- Market Moni, which will be a focus on rural women who are marginalized and underprivileged.
- Trader Moni was created to empower and lift vulnerable and underprivileged youth, particularly those who are out of school (i.e. scavengers market wheelbarrow boys, orphans, and youth with special needs such as 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”
The vast importance of the GEEP is quite large.