Vice President Yemi Osinbajo is expected to flag off the micro credit scheme component of the federal government’s Social Investment Programmes in Lokoja, the Kogi State capital on February 13.
Focal Person on the Social Investment Programmes in Kogi, Adoga Ibrahim, who disclosed this on Monday at a press conference in Lokoja explained that the Vice President would also use the visit to get first hand information on the progress made so far in the implementation of the various social investment programmes in the state.
Adoga, who is also the Special Adviser to the governor on Multilateral, Donor Agencies and Special Projects, said the event which is billed to hold at the Confluence Stadium, Lokoja would also showcase small scale businesses, goods and products that beneficiaries of the Government’s Enterprise and Empowerment Programme (GEEP)/Marketmoni have been able to establish/produce in the state.
He said that additional 7,000 beneficiaries of the GEEP/Marketmoni programme will receive loan disbursements of N50,000 each on February 13 to enable them boost their existing businesses or start new ones.
Adoga said that beneficiaries of the various federal government’s social investment programmes in the state, namely N-Power, GEEP/Marketmoni and Conditional Cash Transfer (CCT), have so far received close to N3 billion as at the end of 2017.
According to him, there will be training and sensitisation clinics for owners of small businesses in the state on February 12 where they would have opportunity to be linked with business-enabling-institutions such as Bank of Agriculture (BOA), Bank of Industry (BOI), Central Bank of Nigeria (CBN), Standard Organization of Nigeria (SON) and NAFDAC, amongst others.