The Federal Government says it has commenced the disbursement of Cash Grants for Vulnerable Groups in Imo and Abia States.
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, disclosed this during the flag-off of the Digitized Payment for Conditional Cash Transfer programme on Saturday in Owerri.
She said at least 3,894 beneficiaries across the 27 local government areas of the state would receive a twenty thousand Naira one-off Cash Grant for Vulnerable Groups in the state.
She also revealed that about 4,738 beneficiaries were selected for the Government Enterprise Empowerment Programme interest-free loans.
The Minister noted that the beneficiaries would receive loans ranging from N50,000 to N300,000 for farmers, petty traders, widows and youths.
“Today, l have come to Roll-Out the programme in the “Land of Hope” Imo State. Hence, successful beneficiaries of the GEEP programme will start receiving credit alerts from Access bank by God’s grace.
“This is a programme designed by President Muhammadu Buhari’s administration for vulnerable and low-income Nigerians who are involved in some sort of commercial activity or capacity but have never had the opportunity to access loans. It is meant to give priority to the most vulnerable in our society eg widows, youth, disabled and the displaced amongst others,” she said.
She added that Abia State has 4,108 beneficiaries of the Government Enterprise Empowerment Programme interest-free loans, while 3,107 would receive twenty thousand naira each as Cash Grants to Vulnerable Groups.