Do not misuse the GEEP loan, Ikpeazu tell Beneficiaries

By Factnews on 21/10/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 500


Abia state Governor, Dr. Okezie Ikpeazu, has advised beneficiaries of the Government Enterprise and Empowerment Program(GEEP) loan to avoid the temptation of misusing the facility.

Speaking during the launch/issue of certificate of disbursement of GEEP loan in Umuahia on Friday, Ikpeazu stated that the loan is meant to assist market women, artisans, hairdressers, farmers, unemployed youths etc.  

He charged the recipients to approach whatever they will  invest the loan in prayerfully, adding that the Bank of Industry is committed to investing on Abia version of GEEP that will benefit another 30,000 Abians who will receive N100,000 each.

GEEP loan

In his words: “We will advise that you don’t misuse the money. It is not for school fees, it is not to be used to solve family problems; it is not to serve as loan to a third party but to be deployed to your businesses. Think about it, pray over it.
“We will be sending people to train and facilitate you in your chosen endeavor. If you ever get confused and have questions to ask, feel free to contact Chinenye Nwaogu or anyone who is part of the program for advice and education. We are prepared to continue to assist and support you to make us proud.”

GEEP Loan

Governor Ikpeazu thanked President Muhammadu Buhari and Vice President Osinbajo for collaborating with state governments and BOI to empower the rural populace. He assured that Abia will be the leading light of the program, going forward.

Earlier, Abia State Focal person and Senior Special Assistant to the Governor on Youth and Job Creation, Hon Chinenye Nwaogu,  thanked the Governor for supporting the program and confirmed that over a thousand beneficiaries have been credited with the GEEP loan.

Speaking further, Nwaogu said the structure of the loan is convenient for beneficiaries, adding that the recipients were drawn from all the LGAs in the state.

Chineneye Nwaogu

Some of the beneficiaries who spoke to Factnews correspondent expressed their heartfelt joy for being among the first batch of recipients.

Mrs Favour Anyanwu, a business woman from Amaeke Ibeku in Umuahia North LGA said she will invest the money in her clothing business. Mrs Anyanwu who could not contain her joy, thanked the state government for "the life changing partnership with Federal government to improve the wellbeing of rural populace".

Beneficiary

Another beneficiary, Mr. Collins Agbara, a farmer  from Isialangwa, said he is happy to have qualified and received the loan, promising to judiciously invest it in his farm.

 

 

Posted on October, 21 2017

Share on facebook Yahoo mail icon Gmail icon


You may also like...
7 Secondary School students expelled for cultism in...

FG commissions mobile power transformers in Abia

N-Power: Wrong BVN and Account number reason for...

Gov Fayemi's concession speech

I'll soon reveal how Abacha, Abiola died, both...

JAMB Notifies Candidates of 2016 Registration deadline

Abia State Govt Sets Up Committee To Review...

DR Congo claim Afcon bronze

INEC Collation Officer stopped from leaving after cancellation...

Imam suspended after hospital report revealed Cucumber was...

President Buhari Orders EFCC To Recover Stolen Funds...

Killings: Nigeria experiencing ethic cleansing, says Soyinka
News Abia Election Special (3) Abia Supplementary Polls Update (18) Abia Supplementary Result update (22) Appointments (8) Breaking News (195) Business (34) Campus News (3) Crime (99) Economy (101) Education (112) Entertainment (143) Fashion and Style (3) General (746) Health (107) Inside Africa (39) International News (303) Interviews (26) National (1881) Politics (806) Press Releases (105) Religion (9) Security (120) Sports (423) Technology (23) World News (87)

 

 

Advertisement

 

Latest News Fayemi promises Ekiti workers better welfare France wins World Cup 2018 after defeating Croatia 4-2 Ekiti election: Nigerians blast EFCC for threatening to arrest Fayose Haiti's Prime Minister resigns after days of protest BREAKING: Fayemi wins Ekiti Governorship election Atiku commends Ikpeazu’s leadership style NDLEA promotes 1,311 staff We have lost confidence in your govt, Onaiyekan tells Buhari Wife cuts husband’s manhood for cheating PDP accuses APC, Fayemi of importing fake policemen, duplicating ballot papers

 

Most Read Islamic agenda for Nigeria – Pastor Bosun (22,536 views) The show of shame that sealed Justice Uzokwe’s fate (17,274 views) 47 YEARS AFTER, HIS EXCELLENCY, COMMODORE EBITU UKIWE (Rtd) MAKES THE “OFO NDI IGBO” RECIPIENTS LIST (14,403 views) Breaking News : Dr Okezie Ikpeazu resigns from Abia State Environmental Sanitation Agency (ASEPA). (7,218 views) Lawyers accuse Lagos Police of working for PDP (6,991 views) Radio Biafra delivers AM Transmitter (6,694 views) ‘Why fuel scarcity persists’ (5,486 views) Nurse Justina Obi Ejelonu, one of the nurses that contracted Ebola virus is dead!!! (5,296 views) 2015: Abia’s plethora of governorship aspirants (5,116 views) Breaking News : 2015 - Abaribe withdraws from Abia guber race, backs Ikpeazu (5,084 views)