The Federal Government has rolled out the Government Enterprise and Empowerment Programme (GEEP) to disburse interest-free business and farming loans of up to ₦300,000 to targeted applicants. To ensure transparency and proper local targeting, the government recruited 774 GEEP Desk Officers and field enumerators across each of the 774 Local Government Areas .
Key Features of the GEEP Loan Schemes
The GEEP loan initiative features zero interest, zero collateral, and a 3-month moratorium before repayment. It operates through three main flagship categories
TraderMoni: Targets youths aged 18 to 40 involved in petty trades and skill-based businesses.
MarketMoni: Focuses on vulnerable women (such as widows and female heads of households) aged 18 to 55
FarmerMoni: Assists rural farmers by providing loans up to ₦300,000 for agricultural inputs.
— Government Enterprise Entrepreneurship Program
How the Application and Disbursement Process Works
To ensure the process is free of “ghost” beneficiaries and fraudulent intermediaries, the scheme is fully digitized:
- Registration: Applicants provide identification details—such as their BVN and national ID—via the GEEP Loan Application Portal or regional registration hubs
- Enumeration: Trained GEEP officers and enumerators at the local government level screen and verify the applicant’s business or trade.
- Disbursement: Once approved, beneficiaries are banked, issued ATM cards, and sent sensitisation notifications alongside loan repayment schedules.
Further Exploration: Deep Dive into GEEP and FGN Initiatives
- Review loan product requirements on the GEEP Loan Initiative Article.
- Access instructions on creating a profile at MSME Africa.
- View the official loan portal via the Federal Government Grant and Loan Portal.
