Dr Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation, disclosed this during a courtesy visit to the Minister of Information and National Orientation, Mohammed Idris.
She stated that the N75 billion market women fund, to be named the Iyaloja Fund for underprivileged female traders, is set to be inaugurated on Oct 17.The minister said in Abuja that the program would unfold in three phases, with the first set to benefit 500,000 individuals. “We will start immediately with the GEEP Programme; we have Iyaloja Funds, equivalent to Market Women Money. We have the Jaga Funds, a capital fund for traders, and Farmers’ Money, the Hugo Fund. The Farmer’s Money will be provided to the poorest farmers, enabling them to go into the next farming season.
“The Iyaloja Fund will provide for poor market traders in the market, helping them improve their capital and expand their businesses. These are non-interest loans given to these persons,” she said.ACF backs FG, organised labour agreementFG launches investigation into death of ‘one chance’ victim in Maitama hospital