• About
  • Advertise
  • Contact
Friday, May 30, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

Access Bank partners FG to roll out loans for farmers, SMEs

Vital News by Vital News
May 6, 2022
in Economy
0
Share on FacebookShare on Twitter

By Mercy Omoike

Lagos – Access Bank Plc has partnered the Ministry of Humanitarian Affairs, Disaster Management and Social Development to roll out a loan scheme for poor farmers aged 18 years to 55 years and other vulnerable groups.

The bank’s Group Head, Emerging Businesses, Mr Ayodele Olojede, said this in a statement on Thursday in Lagos.

Olojede said the initiative tagged the Government Enterprise and Empowerment Programme (GEEP 2.0) would be implemented across the 36 states and the Federal Capital Territory.

The GEEP 2.0 is a loan scheme designed by the Federal Government to provide financial inclusion and give credit access to poor and vulnerable individuals, including persons with disability.

RelatedStories

Sidi Ould Tah Elected New President Of AfDB

President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

National Sports Festival’s Impact on Ogun Economy Massive – Abiodun

Poverty Alleviation: TMSG Hails FG’s Fast-tracked Cash Transfer To 15 million Vulnerable Households

The government designed the scheme for persons at the bottom of the economic pyramid who are engaged in small scale commercial activities under its three flagship schemes: FarmerMoni, MarketMoni and TraderMoni.

According to the Olojede, FarmerMoni is for Nigerian farmers aged between 18 to 55 years in rural areas that operate in the agricultural space.

“They are provided with loans of up to N300,000 for gainful agricultural production and value addition activities. This scheme has 12 months including three months moratorium and nine months repayment period.

“Tradermoni targets uplifting under-privileged and marginalised youths aged between 18 to 40 years in Nigeria by providing them with loans of N50,000 while MarketMoni targets under-privileged and marginalised women aged between 18 to 55 years, including widows and divorcees.

“They get non-interest loans of N50,000 payable within six to nine months,” he said.

Olojede noted that the bank remains committed to the growth and development of the Micro, Small and Medium- Scale enterprises (MSMEs) to boost the country Gross Domestic Product anf employment.

“Our partnership with the Federal Government to roll out GEEP 2.0 in all the 36 states and the Federal Capital Territory is part of our commitment to address the primary factor small business owners face.

“In rolling out the programme GEEP 2.0 loans, special accounts will be opened for all beneficiaries for the disbursement of the loan.

“All beneficiaries are expected to complete physical enumeration at their various local government and an account opening form of Access Bank prior to disbursement,” Olojede said.

He added that all qualified beneficiaries would receive their disbursement alerts after full enumeration. (NAN/vitalnews)

Tags: AccessgovernmentSMEstradermoni
Previous Post

Dangote Cement to empower local communities in its Alternative Fuel Project value chain

Next Post

Customs intercepts 1,000 bags of poisonous rice in Ogun

Vital News

Vital News

RelatedStories

Sidi Ould Tah Elected New President Of AfDB
Economy

Sidi Ould Tah Elected New President Of AfDB

May 29, 2025
President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC
Economy

President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

May 29, 2025
National Sports Festival’s Impact on Ogun Economy Massive – Abiodun
Economy

National Sports Festival’s Impact on Ogun Economy Massive – Abiodun

May 27, 2025
We Are Better Off Together, President Tinubu To Malian Leader
Economy

Poverty Alleviation: TMSG Hails FG’s Fast-tracked Cash Transfer To 15 million Vulnerable Households

May 19, 2025
Economy

Tinubu’s Nigeria First Policy, Unique, Revolutionary -TMSG

May 16, 2025
Next Post

Customs intercepts 1,000 bags of poisonous rice in Ogun

2023 Elections: INEC reminds parties of June 3 deadline to conclude primaries

2023 Presidency : North will not succumb to blackmail, threat , intimidation from South - ACF

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Ubani, CITN Member Petitions Minister Of Justice Over Finance Bill 2022

Ubani, CITN Member Petitions Minister Of Justice Over Finance Bill 2022

2 years ago

Aisha Wakil aka Mama Boko Haram , others sentenced to 5yrs imprisonment for fraud

3 years ago
Medical Doctor Arrested In Osun For Alleged Rape Of Teenage Job Seeker

Medical Doctor Arrested In Osun For Alleged Rape Of Teenage Job Seeker

10 months ago

APC releases zoning arrangement for March 26 convention

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death drugs Economy EFCC Election elections FG Fraud gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security Senate students Tinubu
No Result
View All Result

Highlights

Midterm Performance : Taraba State Rated Least In IGR, Good Governance

School Wall Collapses On Students Writing WAEC In Taraba

Army Armourer, 17 Other Soldiers, 15 Mobile Police Officers, Traditional Ruler Arrested For Selling Arms To Criminals

Islamic Cleric To Die By Hanging For Killing, Stealing N300,000 From Client In Osun

Emefiele Drags FG To Appeal Court Over Forfeiture Of 753 Units Of Houses In Abuja Estate

NDLEA Arrests Two Pilgrims Heading To Saudi Arabia With Cocaine

Trending

21 Die, 10 Missing In Niger Flood Disaster
Environment

21 Die, 10 Missing In Niger Flood Disaster

by Vital News
May 29, 2025
0

The Niger State Emergency Management Agency (NSEMA) has confirmed the death of 21 persons in massive floods...

Sidi Ould Tah Elected New President Of AfDB

Sidi Ould Tah Elected New President Of AfDB

May 29, 2025
President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

May 29, 2025
Midterm Performance : Taraba State Rated Least In IGR, Good Governance

Midterm Performance : Taraba State Rated Least In IGR, Good Governance

May 29, 2025
School Wall Collapses On Students Writing WAEC In Taraba

School Wall Collapses On Students Writing WAEC In Taraba

May 29, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • 21 Die, 10 Missing In Niger Flood Disaster May 29, 2025
  • Sidi Ould Tah Elected New President Of AfDB May 29, 2025
  • President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC May 29, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In