International Journal of Academic Management Science Research (IJAMSR)
  Year: 2022 | Volume: 6 | Issue: 5 | Page No.: 55-65
Effect of Federal Government Enterprise and Empowerment Programme (GEEP) on poverty reduction in Delta State, Nigeria Download PDF
ASOYA, Nkem Patricia and Prof. Emma E.O Chukwuemeka, PhD

Abstract:
Poverty is an issue that has generated a lot of concern to the Nigerian government and the global community. Studies have confirmed the failure of successive government interventions in the area of poverty reduction as such efforts have not generated the preferred outcome, particularly as the poverty rate keeps rising in the country. It is against this background that this study assesses the Federal Government Enterprise and Empowerment Programme (GEEP) and its effect on poverty reduction in Delta State Nigeria. The survey research method was adopted. The study revealed that GEEP has increased business activities, enhanced standard of living and boosted agricultural production as a result of its TraderMoni, MarketMoni and FarmerMoni products. Shortcomings were also identified which includes GEEP being operational mainly in urban towns and cities neglecting the rural areas, default in loan repayments, minimal awareness of the Farmermoni product and the Tradermoni sum of N10,000 as loan amount for commencement was considered poor for any meaningful investment. Consequently, this research recommends among other things, involvement of the rural areas and remote villages in the GEEP scheme, increase in loan amount available for disbursement in line with current realities and inflationary trends, increased awareness of the GEEP programme to attract more participants especially farmers and improved technology for successful operations.