President Muhammadu Buhari’s regime says it has begun disbursing N130 million grant to 6,511 vulnerable persons in the 34 local government areas of Katsina.
This was announced on Thursday by the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq.
This was announced on Thursday by the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq.
Ms Farouq said beneficiaries were selected through the Grant for Vulnerable Groups (GVG) programme of the regime.
“GVG was first introduced in 2020 as Grant for Rural Women to sustain the social inclusion agenda of President Muhammad Buhari’s administration for the poor and the vulnerable. The project is consistent with the president’s agenda of lifting 100 million Nigerians out of poverty in 10 years,” the minister explained.
She added, “GVG provides a one-off grant of N20,000 to some of the poorest and most vulnerable Nigerians, especially in the rural and semi-urban areas in the 36 states of the federation and the FCT. This is to empower beneficiaries to improve their productivity and grow their commercial activities to ease them out of poverty.”
The minister stressed that Katsina’s grant is one of the highest in the country, taking into account the impact of insurgency, banditry and a large number of internally displaced persons.
‘The president directed that 70 per cent of beneficiaries must be women, while the remaining 30 must be youths. He also directed that a minimum of 15 per cent of the beneficiaries must be citizens with special needs, including persons with disabilities and senior citizens,” Ms Farouq added.
According to her, the programme is expected to create more opportunities and loans for the poor, the vulnerable and low-income Nigerians involved in viable informal, productive activities with limited financial requirements.
“It gives priority to the most vulnerable, especially widows, youths, the disabled and the displaced. GEEP has three unique products, TraderMoni loan, MarketMoni loan and FarmerMoni loan,” said the minister. “TraderMoni loan is N50,000 and is targeted at uplifting underprivileged and marginalised youths between the ages of 18 years and 40 years.”
She further explained that the “MarketMoni loan, also of N50,000, targets underprivileged and marginalised women, especially widows and divorcees, among other vulnerable groups.”
The FarmerMoni loan, according to her, ranges from N50,000 to N300,000 and is designed for small-scale farmers to improve their productivity and graduate into commercial agriculture.
She added that 353,316 beneficiaries were targeted to benefit nationwide in the first phase of GEEP implementation.
“So far, 1,142,783 potential beneficiaries have been registered for the programme in the 774 local government areas of the federation,” Ms Farouq revealed. “In Katsina state alone, 59,161 potential beneficiaries were registered, out of whom 13,000 have been verified to benefit.”
(NAN)
