Government Enterprise and empowerment program

BOI or Bank of industry is collecting the data of market associations, women cooperatives, artisan groups, trade associations and trade cooperatives nationwide in preparation for the federal government backed GEEP program (government growth and empowerment program).

Under GEEP, BoI would be responsible for identifying and disbursing soft loans to 1.6 million beneficiaries nationwide, comprising market women, youths, artisans and farmers. Based on BoI’s impressive antecedents in the management of intervention funds, the Federal Government is confident that the bank would similarly implement GEEP successfully.

“The bank disbursed N83.5 billion to over 700 enterprises that generated almost 400,000 direct and indirect jobs during its 2015 financial year, he said, pointing out that it also posted a profit before tax of N11.947 billion.

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About the author

Sandra Chinedu

Chinedu Sandra is an Entrepreneur within the I.C.T space and loves blogging. She is on the Honour list of GEM, a World Bank Project for start-ups in Africa.

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