NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Tuesday, August 29, 2017

The Bank of Industry under the Government Enterprise and Empowerment Programme has signed an agreement with Oxfam to disburse N200m to Oxfam’s Village Saving and Loan Associations in Nassarawa, Benue and Plateau states.

The money is expected to strengthen the living capacity and resilience of poor households in rural communities.

According to Oxfam, the partnership is born out of the need to target the most marginalized and hard to reach in the rural communities in line with the objectives of the Federal Government’s social intervention policy.

The initiative, tagged ‘GEEP MarketMoni’ provides the first batch of the loans meant to expand the activities of about 500 farmer groups in some communities in the three states.

Photo courtesy of Cecilia Schubert.