Osinbajo 1 1m nigerians benefit from geep over 800000 receiving n10000 interest free loans
It appears that you're referring to a news article or statement made by Vice President Yemi Osinbajo, where he mentioned that over 800,000 Nigerians have benefited from the Government Enterprise and Empowerment Programme (GEEP) and received N10,000 interest-free loans.
Here's a breakdown of the information:
- Over 800,000 Nigerians have benefited from GEEP, which is a micro-credit scheme designed to support small businesses and entrepreneurs.
- These individuals have received N10,000 interest-free loans, which is a significant amount of money for many Nigerians, especially those in rural areas or with limited access to financial services.
- The GEEP program is part of the Federal Government's efforts to promote economic growth, create jobs, and reduce poverty in Nigeria.
It's worth noting that the GEEP program is managed by the Bank of Industry (BoI), and the loans are disbursed through a network of participating banks and microfinance banks across the country.
Overall, the GEEP program is a positive initiative that aims to empower Nigerians, especially those in underserved communities, to start or grow their businesses and improve their economic prospects.