FG Set to Empower Women with N200m Each to 8 States

In case you haven’t heard, the Minister of Women Affairs and Social Development, Mrs Aisha Alhassan, said N200 million would be disbursed to eight pilot states each through the National Women Empowerment Fund (NAWEF) to empower women at the grassroots. Alhassan said this during a media briefing on the take-off of the National Women Empowerment Fund (NAWEF) and the Government Enterprise and Empowerment Programme (GEEP) in Abuja.


The report stated that she said the eight pilot states are Adamawa, Borno, Yobe, Nasarawa, Jigawa, Akwa Ibom, Osun, and Abia, adding that other states would benefit later. She added that “the NAWEF targets 10,000 women beneficiaries in each of the pilot states; the condition of the loans both under the GEEP and NAWEF are the same. “The GEEP programme is one of the five Federal Government Social Investment Programme targeted at providing loans to young men and women from all states on liberal condition.

READ  MMM Nigeria Has Froze Withdrawal of Mavro known as Money for now
The Word Of God
The heart of men is full of evil and entitled to destruction, except for those whose heart is for God. Check your ways now.

“Under both programmes, each beneficiary will receive between N10,000 and N100,000, depending on the type of business or trade with no interest, no collateral and repayable in six months.” Alhassan said beneficiaries would have to form functional cooperative groups or local trade associations or other community based groups of at least 10 persons per group.

READ  Fuel Depots Has Shut Down as NUPENG Starts Nationwide Strike

Further more she included that the administering bank for disbursements and recovery which is Bank of Industry (BoI) had concluded all necessary arrangements for the disbursement of the funds to successful beneficiaries.

“By next week, which is October, beneficiaries will be free to access the fund through their individual accounts. “The repayment schedules are much easier and less stringent than those of conventional banking loans.

“We are sure the country will witness increased economic activities nationwide with the desired multiplier effects and subsequent boost in the economy.”

The minister said measures for monitoring and evaluation of disbursement, usage and recovery had also been put in place. She added that it was necessary that beneficiaries repay the loans in order for fresh applicants to benefit from the revolving scheme. Alhassan had met with state commissioners of women affairs in August on the implementation of the fund.

READ  Top 5 Football academies in Nigeria

The fund was specially targeted at grassroots women operating informal businesses, through start-ups and scale up credit facilities to reduce high poverty and facilitate growth and entrepreneurial development.

This information is brought to you by Information Hood formally publish by vanguard

The Author


Bringing you the right informations. Touching every corner, exposing the true facts. Yes! It's Information Hood leaving nothing untouch. (Your loyal Serome)

Leave a Reply

Your email address will not be published. Required fields are marked *

Information Hood © 2016 - 2018 Follow us on Facebook