Fed Govt Initiates Micro-Credit For Petty Traders

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The federal government has launched a new initiative under the Government Enterprise and Empowerment Programme (GEEO)



The scheme which was launched in Lagos last week, would grant of an initial sum of ten thousand naira to thirty thousand petty traders in each state of the federation and the Federal Capital Territory (FCT). Briefing state house correspondents on Monday, the media aide to the Vice President Laolu Akande said two million beneficiaries is expected to be attained on or before the end of 2018. Akande explained that the collateral-free loan has a repayment period of six months. He said that measures have been put in place to ensure that there are no malpractices. thedefendernet.blogspot.com

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