The Federal Government has unveiled the third phase of its Government Enterprise and Empowerment Programme, Renewed Hope GEEP (RHGEEP 3.0), with a target of enrolling five million new beneficiaries by 2027.
The announcement was made in Abuja at a national stakeholders’ roundtable by Badamasi Lawal, National Coordinator and Chief Executive of the National Social Investment Programme Agency (NSIPA). He noted that the recalibrated scheme is designed to broaden financial inclusion and expand empowerment opportunities, particularly for women and youth.
RHGEEP 3.0 will integrate new schemes such as the Circular Economy Youth Empowerment Initiative (CEYEI), focused on creating green jobs, and the Labour, Employment, and Empowerment Programme (LEEP), which will drive skills development and job creation.
“Today’s roundtable has been convened to formally launch the strategy for RHGEEP 3.0 under the theme: Building Trust, Strengthening Transparency, and Scaling Impact through Financial Inclusion,” Lawal said.
Unlike earlier phases, the renewed programme is anchored on four key principles—bridging the gap, trust, consistency, and accountability. Lawal stressed the need for improved transparency, stronger repayment culture, digital inclusion via fintech partnerships, and closer collaboration with state and local governments.
He described RHGEEP 3.0 as “not a mere continuation but a recalibration,” adding that its success would hinge on partnerships between government, financial institutions, civil society, and effective public communication.
Since its inception, GEEP has provided micro-credit through schemes like TraderMoni, MarketMoni, and FarmerMoni, expanding micro-enterprises and providing opportunities for Nigerians excluded from the formal financial system.
Lawal commended the contributions of the National Programme Manager of GEEP and technical partners—System Strategy and Policy Lab, and Sydani Group—for shaping the new strategy.
With its renewed focus, RHGEEP 3.0 is expected to drive job creation, strengthen transparency, and foster sustainable financial inclusion for millions at the base of Nigeria’s economic pyramid.
