While economic indices are for planners, the pangs of inflation, unemployment and poverty are seen and felt by ordinary citizens. On the streets, joblessness coupled with rising food prices and the rising cost of living, have redefined living standards, even among the middle class.
GEEP is not new to those who have benefitted from it. It has components that have become like an anthem in the mouths of Nigerians but then, many have asked that regardless of its laudable conception, it should be expanded and better reformed to give more financial powers and skills to its beneficiaries. This is exactly what the Ministry has accomplished.
“The focus is on the poor. If we don’t provide them inclusiveness we would have failed in our duty to take them out of poverty,” Vice President, Prof Yemi Osinbajo said at the unveiling of GEEP 2.0.
Good enough, the era of N10,000 loan has gone with about 400 per cent increment to the three GEEP components, all thanks to the approval granted by the President.
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