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FG Launches GEEP 2.0 Plans To Lift 100M Nigerians Out Of Poverty

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Muhammadu Buhari

The Federal Government of Nigeria on Tuesday in Abuja inaugurated the restructured Government Enterprise and Empowerment Programme (GEEP) now known as GEEP 2.0. to lift 100 million Nigerians out of poverty.

Hajiya Sadiya Umar Farouq, the Minister of Humanitarian Affairs, Disaster Management and Social Development, speaking during the inauguration said the programme was a veritable tool designed to end poverty in many ways.

She said that GEEP was one of the components of the National Social Investment Programme (NSIP).

According to her, the initial GEEP targets the unbanked poor and vulnerable but skilled population that has always been left out on credit delivery programmes and is directed at providing soft and affordable loans to finance their businesses.

“The GEEP is innovatively targeted and delivered under three unique products – the TraderMoni for marginalised youths, The MarketMoni targets vulnerable women, and the FarmerMoni specifically focuses on rural farmers.

“With President Muhammdu Buhari’s gracious approval of expansion to provide loans to an additional one million beneficiaries with emphasis to targeting smallholder farmers in the year 2020/2021, the GEEP has been restructured and is being flagged-off today as GEEP 2.0.

“The GEEP 2.0 is structured to effectively deliver soft loans and skills to a wide range of unemployed citizens including persons living with disability, marginalised women and unemployed youths amongst other vulnerable groups in our society.

“I wish to state here that the GEEP 2.0 is well-coordinated and has an implementation model that accommodates representation at the Federal, State and Local Government levels,” Farouq said.

Farouq said that part of the new strategies include an increase in the loan portfolio of TraderMon/ and Market Moni loans from N10, 000 to N50,000, while the FarmerMoni is now N300,000.

“There is also the provision of the value chain and creation of digital marketplace (E-platform) for beneficiaries to sell their products.

“In addition, there is a digital integration and coordination platform along with a strong and centralised monitoring and evaluation system aimed at enhancing loans recovery.’’

Speaking, the Minister of Youths and Sports, Mr Sunday Dare who also represented the Secretary to the Government of the Federation, Mr Boss Mustapha said he was delighted at the inauguration of the GEEP 2.0.

Dare said whenever he saw other ministries that helped in reducing the burden of youths unemployment from his ministry, he was happy, adding that youths were the biggest beneficiaries of NSIP.

Similarly, Mr Clem Agba, the State Minister of Financial, Budget and National Planning said his ministry had been at the forefront of ensuring human dignity and protecting households from poverty.

Meanwhile, the Minister of Women Affairs, Mrs Pauline Tallen said women and youths were always affected by humanitarian crisis and poverty.

Tallen said that the GEEP 2.0 would now help the poor and marginalised women and youths who did not have collateral to secure loans.

Also, the Minister of State for Education, Mr Chukwuemeka Nwajiuba said that the inauguration of the GEEP 2.0 was an indication to show that President Buhari meant it when he said he wanted to lift 100 million Nigerians out of poverty in 10 years.

“It is evident that as we collaborate and corporate with all hands on deck, we shall achieve the ultimate objectives of the programme.”

Dr Garba Abari, the Director-General, National Orientation Agency (NOA) said the agency would work with state programme managers and focal persons toward the success of the NSIP.

Meanwhile, the Team Lead of the GEEP 2.0, Ms Zainab Musawa said that intended beneficiaries would be effectively supervised and monitored by desk officers in all 774 local government areas, state programme managers and the ministry in partnership with NOA.

“Essentially, GEEP 2.0 is a continuation of the Buhari administration’s laudable empowerment drive committed to the upliftment of oppressed Nigerians and we hope the programme will engender job creation.”

Ms Hadiza Hambuza, a representative of Access Bank Plc said the bank would work with the beneficiaries to achieve the objectives of the programme.

The event attracted officials from Presidency, National Assembly, NEMA, EFCC, FCTA Disability Commission among others.

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Kagame Dominates Election with 99.15% of Votes Counted

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President Paul Kagame has taken a commanding lead in the Rwandan presidential election, securing 99.15% of the votes counted thus far, according to the National Electoral Commission.

The provisional results, reported by the state broadcaster Rwanda Broadcasting Agency, indicate a decisive victory for the Rwandan Patriotic Front candidate.

With 79% of the ballots tallied, Kagame’s overwhelming lead leaves his opponents trailing significantly.

Frank Habineza of the Democratic Green Party of Rwanda has garnered only 0.53% of the votes, while independent candidate Philippe Mpayimana has received 0.32%.

The voter turnout has been reported at an impressive 98%, underscoring the high level of public engagement in the electoral process.

The early results suggest a strong mandate for Kagame, who has been at the helm of Rwandan politics since 2000.

Kagame’s administration has been marked by significant economic growth and development, but it has also faced criticism for its stance on political dissent and freedom of expression.

Despite this, Kagame remains a highly popular figure in Rwanda, with many citizens crediting him for the country’s stability and progress.

The National Electoral Commission is expected to release the final results in the coming days. As the tallying continues, Kagame’s supporters have already begun celebrating his anticipated victory.

Analysts believe that Kagame’s likely re-election will provide continuity in Rwanda’s economic policies and development programs.

However, they also call for more inclusive governance and respect for political freedoms to ensure long-term stability and growth.

Kagame’s near-unanimous support in the early results reflects his entrenched position in Rwandan politics.

His ability to maintain such high levels of support will be a focal point of discussion in the aftermath of the election.

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Kenya Prepares for More Protests Over Unresolved Political Crisis

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Kenya is on the brink of another wave of anti-government protests as efforts to resolve the nation’s escalating political crisis appear to have stalled.

President William Ruto’s proposal for a national dialogue has yet to take off, leaving the nation in a state of heightened tension.

Activists have called for demonstrations across the East African nation on Tuesday, protesting the government’s failure to hold security forces accountable for the deaths of at least 41 people.

These casualties occurred during protests against Ruto’s contentious plan to raise taxes over the past month.

Despite the president’s announcement last week that national dialogue would commence on Monday to defuse the situation, progress has been elusive.

The main opposition party, the Orange Democratic Movement (ODM), expressed uncertainty regarding the proposed talks.

“We haven’t received any invitation,” ODM Secretary-General Edwin Sifuna stated. “When called, we’ll go because we are keen on getting broad-based reforms.”

A spokesperson for the presidency indicated that parliamentary leaders were managing the planned talks, but National Assembly majority leader Kimani Ichung’wah did not respond to requests for comment.

Protests initially erupted in mid-June over Ruto’s plans to increase taxes on essential goods, including bread and diapers, aiming to raise over $2 billion to reduce the government’s budget shortfall.

The public outcry forced Ruto to abandon the proposal, but dissatisfaction remains high.

Last week, in a dramatic move to quell public anger, Ruto fired almost all his cabinet members, underscoring the severity of the discontent.

The scrapping of the tax measures is expected to widen the government’s budget deficit to 3.6% of GDP in the current fiscal year, up from a previous projection of 3.3%.

This financial strain has not gone unnoticed; Moody’s Ratings downgraded Kenya’s rating by a step to Caa1, plunging it deeper into junk status, highlighting the country’s deteriorating fiscal condition.

On Saturday, Ruto vowed to hold accountable those responsible for the recent killings. However, his efforts to address public concerns seem insufficient to stem the tide of unrest.

On Monday, he called on the Ford Foundation, an organization promoting civic engagement, to clarify its role in the protests, though the foundation did not respond to requests for comment.

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Rishi Sunak Announces Resignation Amid Labour’s Sweeping Victory

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Rishi Sunak

Prime Minister Rishi Sunak has announced his resignation as the leader of the Conservative Party following a historic victory by Labour in the general election.

Addressing the nation from the steps of 10 Downing Street, Sunak expressed his deep regret and took full responsibility for the party’s defeat.

“I would like to say, first and foremost, I am sorry. I have given this job my all,” Sunak began, visibly moved.

“But you have sent a clear signal that the government of the United Kingdom must change. And yours is the only judgement that matters. I have heard your anger, your disappointment, and I take responsibility for this loss.”

The Conservatives experienced a staggering loss, with more seats taken by Labour than in any previous election.

This shift marked a dramatic change in the political landscape, as large swathes of the country turned red. Sir Keir Starmer, leader of the Labour Party, claimed victory early Friday morning, addressing a jubilant crowd of supporters.

“The UK has the opportunity after 14 years to get its future back,” Starmer proclaimed.

Sunak, who retained his seat in Richmond, North Yorkshire, described the night as “sobering.”

In his concession, he stated, “The Labour Party has won this general election, and I have called Sir Keir Starmer to congratulate him on his victory. The British people have delivered a sobering verdict tonight; there is much to learn, and I take responsibility for the loss.”

Following his resignation speech, Sunak and his wife, Akshata, departed from Downing Street for Buckingham Palace to formally tender his resignation to King Charles III.

A spokesperson for the King confirmed, “His Majesty was graciously pleased to accept.”

Reflecting on his tenure, Sunak said, “I am honoured to have been your prime minister. This is the best country in the world.”

He also acknowledged the many Conservative MPs who lost their seats, stating, “It pains me to think how many good colleagues who contributed so much to their communities and our country will now no longer sit in the House of Commons. I thank them for their hard work and their service.”

As the Conservative Party faces a period of introspection and rebuilding, Sunak emphasized the importance of the party’s role in opposition.

“It is important that the Conservative Party now rebuilds and also takes up its crucial role in opposition, professionally and effectively,” he noted.

The leadership race within the Conservative Party is expected to commence shortly, as the party seeks to navigate its path forward after this significant electoral defeat.

For now, the UK braces for a new political era under Labour’s leadership, with the promise of significant changes on the horizon.

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