Lockdown: Minister of Humanitarian Affairs Speaks On New FG GEEP Free Interest Loan

Minister of Humanitarian Affairs Speaks On New FG GEEP Free Interest Loan – There is a recent update from the Honourable Minister of Humanitarian Affairs, Disaster Management and Social Development, Mrs. Sadiya Umar Farouq on new Federal Government GEEP Free Interest Loan to enable those who have not benefited from the federal government loan to apply or register. The Minister of Humanitarian Affairs, actually felt for all Nigerians especially petty traders and artisans over this corona virus pandemic or Covid-19.

The Honorable minister of Humanitarian Affairs, Disaster Management and Social Development, was present at the Activation of the GEEP infrastructure for the purpose of providing urgent micro loans to petty traders and artisans nationwide to cushion the economic hardships of COVID-19.

Where was the announcement of new Federal Government GEEP Loan made?

The event took place at Obalende LCDA Community Market in Lagos. Following strict social distancing guidelines, petty traders with their wares were placed in safe distances in which they were provided with GEEP loans by kitted staff of the Programme.

What will Beneficiaries of GEEP Loan do since there is lockdown and there is no means of getting money to payback.

Beneficiaries benefiting from this loan and the previous beneficiaries will enjoy the 3-month Moratorium directed by President Muhammadu Buhari.

When will the New Federal Government Free Interest Loan to another 500,000 persons start?

Over the next few weeks, Federal Ministry of humanitarian affairs, disaster management and social development will disburse 100,000 interest-free loans to petty traders’ mobile wallets, with emphasis on lockdown states. A subsequent expansion follows to 500,000 nationwide. Focus is on waiting traders in the GEEP data backlog.

List of Federal Government GEEP Interest Loan to apply

• Trader Moni
• Market Moni
• Farmer Moni

How to apply for any of the loans once it starts

• There will be agents nationwide. Locate any agent to apply
• After verification, the money will be sent to your wallet
• From your wallet, you can transfer it to your bank account
• To have access for more loans, pay the one you were given and collect a higher one.

How to be updated regularly especially when the new loan application will start

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Minister of Humanitarian Affairs Speaks On New FG GEEP Free Interest Loan