FG to disburse interest-free loans to 98,000 farmers, traders

The federal government says it has concluded plans to give interest-free loans to 98,000 beneficiaries of its restructured Government Enterprise and Empowerment Programme (GEEP), known as GEEP 2.0.

According to NAN, Sadiya Umar Farouq, minister of humanitarian affairs, disaster management and social development, made this known in a statement on Wednesday.

Farouq said that the decision followed the final verification of phase 1 applicants who qualified and were selected to benefit from small loans ranging from N50,000 to N300,000.

She further said that all the beneficiaries of GEEP 2.0 would receive congratulatory and sensitisation text messages in the coming days informing them of their qualification.