- Vice President Yemi Osinbajo was in Ilorin, Kwara state capital on Friday, December 7, to disburse the TraderMoni fund to traders
- Osinbajo was given a warm welcome by traders of Ipata market when he arrived
- The disbursement is part of the federal government's initiative to empower about two million petty traders in Nigeria
Vice President Yemi Osinbajo recently visited Kwara state as part of the activities marking the disbursement of the TraderMoni, a financial scheme of the presidency, Punch reports.
Osinbajo on Friday, December 7, was given a warm welcome when he arrived Ipata market in Ilorin, the state capital where he has been scheduled to launch the N10,000 collateral-free, interest-free TraderMoni for petty traders.
Watch video below:
The interest-free loan is being disbursed by Vice President Yemi Osinbajo for 39,000 petty traders in the Federal Capital Territory (FCT).
The disbursement is part of the federal government's initiative to empower not less than two million petty traders throughout Nigeria through a commercial loan scheme tagged the TraderMoni scheme.
Being implemented by the Bank of Industry, the scheme allows each beneficiary to get an interest-free loan of between N10,000 and N15,000, which is part of the social intervention programmes of the President Muhammadu Buhari administration.
Meanwhile, Legit.ng reported that Laolu Akande, senior special assistant to the president on media and publicity, office of the vice president, said that any attack on the TraderMoni scheme was an attack on hardworking petty traders and Nigerians in general.
A group, Southern and Middle Belt Leaders Forum, recently called for the suspension of the programme, one of the microcredit schemes of President Muhammadu Buhari administration’s Social Investment Programmes (SIPs).
NAIJ.com (naija.ng) -> Legit.ng. We have updated to serve you better.
EXCLUSIVE: Be patient with President Buhari, Femi Adesina tells Nigerians | Legit TV