FG Unveils Renewed Hope GEEP 3.0, Targets 5 Million Nigerians by 2027

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By Alofe Ayomoses

The Federal Government has officially launched the Renewed Hope Government Enterprise and Empowerment Programme (RHGEEP 3.0), setting a bold target of reaching five million beneficiaries by 2027.

The initiative was unveiled at a national stakeholders’ roundtable held in Abuja on Thursday, with a clear focus on financial inclusion, transparency, and accountability.

GEEP 3.0: A Recalibrated Strategy

Speaking at the event, the National Coordinator and CEO of the National Social Investment Programme Agency (NSIPA), Dr. Badamasi Lawal, described the third phase as a recalibration of the popular empowerment scheme.

“This gathering reflects our commitment to expand access to credit, deepen financial inclusion, and empower women, youth, artisans, traders, and farmers who sustain Nigeria’s informal economy,” he said.

From TraderMoni to Renewed Hope

Originally introduced under the National Social Investment Programmes, GEEP has provided microcredit to millions of Nigerians through initiatives such as TraderMoni, MarketMoni, and FarmerMoni.

Dr. Lawal noted that while the first two phases achieved notable impact, RHGEEP 3.0 introduces a stronger framework built on trust, consistency, and accountability.

Target for 2027

The new phase aims to create a robust repayment culture while ensuring fairness in access to funds.

“Our goal is to reach five million beneficiaries by 2027. This is ambitious but achievable if all stakeholders work together,” Lawal stated.

He added that lessons from previous phases revealed the need to strengthen transparency, improve repayment systems, expand digital inclusion via fintech partnerships, and deepen collaboration with states and LGAs.

Partnerships to Drive Success

Lawal commended the GEEP National Programme team, technical partners System Strategy and Policy Lab, and Sydani Group for their roles in shaping the new strategy.

He stressed that success would depend on effective partnerships between government, financial institutions, civil society, and the Nigerian public.

“This administration, under the Renewed Hope Agenda of President Bola Ahmed Tinubu, recognises both the urgency and opportunity to transform GEEP into a sustainable, impactful intervention,” he said.