By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Monday, Jul 27, 2026
9News Nigeria
  • HOME
  • EDITORIAL
  • POLITICS
  • NATIONAL
  • SPORTS
  • WORLD
  • BUSINESS
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
9News Nigeria9News Nigeria
Font ResizerAa
Search
  • Editorial
    • OPINION
  • Politics
  • National
    • Breaking News
    • Boko Haram
    • Crime and Investigation
    • Ohanaeze Ndigbo
  • Business
    • Nigerian economy
    • Investment
    • Finance
  • Sports
  • Entertainment
    • Celebrity
    • Entertainment and lifestyle
    • Hollywood
  • World
    • Africa
    • Asia News
    • Australia
    • Europe
  • About Us
    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us
Follow US
BusinessHot NewsNationalNigerian economy

South East missing in FG’s loans for states

9News Nigeria
Last updated: January 31, 2017 12:06 pm
By 9News Nigeria
Share
5 Min Read
President Muhammadu Buhari
SHARE
· 23,400 beneficiaries from 13 states receive N100,000 each
The Federal Govern­ment pressed on with its economic empow­erment and pover­ty alleviation programme on Monday, by disbursing loans to 23,400 beneficiaries in 13 states.
Shockingly, none of the beneficiaries came from any of the five states in the South East geopolitical zone. This is not the first time the region is missing in the development and economic packages unveiled by the administration of President Muhammadu Buhari.
When the Federal Govern­ment unveiled a $29.96 billion foreign loan for the provision of infrastructure across the coun­try, none of the projects to be executed with the loan was lo­cated in Igboland.
 Similarly, when the gov­ernment recently paid N5,000 monthly stipends to some poor Nigerians under its Social Inter­vention Scheme, all the states in the South East were excluded.
The current loans are be­ing disbursed through the Fed­eral Government’s Enterprise and Empowerment Programme (GEEP).
The Presidency, which an­nounced this on Monday, list­ed the benefitting states as Ad­amawa, Akwa Ibom, Delta, Ekiti, Kogi, Kwara, Niger, Lagos, Osun and Ogun. Others are Oyo, Ondo, Rivers and the Federal Capital Territory (FCT).
It did not give reasons for the obvious omission of states in the South East from the scheme.
The micro-credit scheme, which is a non-interest loan scheme, with only a one-time 5 per cent administrative fee for costs, is targeted at micro-en­terprises: traders, artisans, mar­ket men and women, entrepre­neurs, as well as farmers, with the involvement of cooperatives and executed through the Bank of In­dustry (BOI).
Although over 23,000 people have benefited from the loans al­together, over one million people have already enrolled for the pro­gramme across the country and are expected to benefit this year, said a statement issued by the Of­fice of the Vice-President.
To facilitate the loans’ dis­bursement, four payment provid­ers have been signed-on for the programme mostly in the urban areas. The next wave of payment providers, coming on stream by March 2017, would provide a much wider coverage in the ru­ral areas.
The loans range from N10,000 to N100,000 per appli­cant. While the loans would be paid directly to individuals, the beneficiaries are expected to be­long to registered associations and/or cooperatives as the case may be, to ensure that they are peer-endorsed as credible, and to facilitate timely repayments.
All beneficiaries must have BVNs and bank accounts, said the statement, which further an­nounced that in continuation of the National Homegrown School Feeding Programme, actual feed­ing of pupils is expected to com­mence this week in Ogun and Oyo States, while Ebonyi State will soon follow suit.
“Contrary to insinuations in some quarters and inaccurate re­ports in some sections of the me­dia, there are no payment issues or any kind of food rationing taking place in states where the Homegrown School Feeding Pro­gramme has kicked off.
“While the Federal Govern­ment has paid all approved cooks based on the number of pupils al­located to each cook, it is the State that provides the number of pu­pils to be fed. And where those figures change, the next batch of FG payment would reflect it.
“Specifically, where the num­ber of pupils increase, the State will communicate the increase and approve the review. The numbers of the new pupils are then physically verified, before a commensurate number of cooks are engaged, trained and then paid”, it added.
Also, government has adopt­ed a system of paying the cooks 10 days in advance payment for feeding.
The programme is designed to ensure that no cook feeds more than 150 pupils a day, but in some cases, the numbers are as low as 35 children per cook.
The meal, which must be sufficient and nutritious, is cost­ed around locally sourced items and approved by the State under the N70 per child provision by the Federal Government.
Food quality is monitored at the school level through the head teachers, the Parent Teacher As­sociation (PTA), and the state monitoring teams.
  – Authority

Like this:

Like Loading…
Share This Article
Facebook Whatsapp Whatsapp Copy Link
What do you think?
Love0
Sad0
Happy0
Surprise0
Angry0
By9News Nigeria
Follow:
9News Nigeria is Nigeria's favourite news source. For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more. For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: [email protected] Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng
Previous Article Vice President Osibanjo Acting President Osinbajo meets Dogara, Senate leader behind closed doors
Next Article Police arrests publisher of Biafran Times in Lagos Police arrests publisher of Biafran Times in Lagos
Search
– Advertisement –
Latest News
  • Kano court sentences man to death for killing pregnant lover July 27, 2026
  • Stop Allowing Politicians Use You, They Won’t Help You in Times of Need, Journalist Warns Police Officers July 27, 2026
  • Attacked Rivers Police Officer Seeks Help for Medical Treatment July 27, 2026
  • Landowners Seek Govt Intervention Over Alleged Land Grabbing in Omagwa Rivers July 27, 2026
  • Ibiyeomie Slams NASS Over Bill on Bus Preaching July 27, 2026
  • Troops arrest wanted soldier in Borno while fleeing to Cameroon July 26, 2026
  • Betting is not the way to financial fortune – Oyedepo warns young Nigerians July 26, 2026
  • Suspected bandits abduct Kebbi High Court judge July 26, 2026
  • Meet Davido’s Igbo grandmother: The only Nigerian woman to have two governors as sons July 26, 2026
  • Nigeria needs Solutions, not just Research Papers — Tinubu Challenges Universities July 26, 2026
– Advertisement –
9News Nigeria
  • Editorial
  • OPINION
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us
World News
  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Global Economy
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics
News Categories
  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • Sober House
  • National Security
Entertainment and Lifestyle
  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships

You May also Like

1785004536181
Latest NewsNational

Sheikh Gumi asks who’ll visit Boko Haram, bandits to end insurgency

July 25, 2026
IMG 3266
Nigeria NewsImo

PROFILE: Who is Sir Longers Anyanwu ?

July 25, 2026
Screenshot 20260725 141101 1
National

Kano bans ‘after-party’, ‘hot challenge’ activities at weddings, social events

July 25, 2026
IMG 5266
Nigeria NewsInternational Relations

Passport Index: Nigeria Ranks 45th in Africa, 90th Globally

July 24, 2026
Tinubu
Nigeria NewsNational

Our Diversity is Flourishing, Poverty Is not Acceptable — Tinubu

July 24, 2026
Tinubu
Nigeria NewsNational

There is Nowhere like Home — Tinubu Reflects on U.S. Career

July 24, 2026
Show More
  • More News:
  • Europe News
  • National News
  • Politics
  • 9News Nigeria - Nigeria Breaking News
  • Nigeria Politics
  • Sports
  • Imo state
  • Opinion
  • National Security
  • Events
  • Editorial
  • Inspiration
  • Trending news
  • Bible Messages
  • Religion
  • Jesus Christ the saviour
  • World News
  • The Love of God
  • Business
  • Crime and Investigation

9NEWS NIGERIA

  • Editorial
  • Opinion
  • Inspiration
  • Investigative Reports
  • Featured
  • Interviews
  • About Us
  • Terms And Conditions
  • Privacy Policy
  • Contact Us

NEWS CATEGORIES

  • Breaking News
  • National
  • Politics
  • Business
  • Sports
  • Health
  • Crime and Investigation
  • Nigeria Police
  • Nigerian Military
  • Biafra
  • ODUDUWA
  • Ohanaeze
  • Boko Haram
  • National Assembly
  • National History
  • National Security

WORLD NEWS

  • Africa
  • African Politics
  • Aviation News
  • Australia
  • Global Economy
  • Europe
  • Asia News
  • Middle East
  • World
  • World Politics
  • USA
  • USA Politics

ENTERTAINMENT AND LIFESTYLE

  • Entertainment
  • Entertainment and lifestyle
  • Nollywood
  • Lifestyle
  • Hollywood
  • Celebrity
  • Celebrity Gist
  • Celebrity Gossip
  • Events
  • Family & Relationships
  • Relationship Extra
  • Relationships
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

%d