Vice President Yemi Osinbajo on Tuesday said the federal government will expand its current Market Moni/Trader Moni interest free loan scheme to cover more rural dwellers.
Osinbajo made this known at the Keffi old market, Keffi local government area of Nasarawa state.
Speaking during assessment visit of the loan facility in Keffi, Osinbajo said that President Muhammadu Buhari has given directive that the Market Moni/Trader Moni loan programme would be extended to all the states of the federation.
According to him, the idea for the extension of the federal government’s Market Moni/Trader Moni to all the states of the federation is to make sure that the empowerment initiative of the present administration achieves the intended objective.
Osinbajo however appealed to beneficiaries of the loan programme to ensure that they pay back the loan facility in order to pave the way for other persons to equally benefit from the programme.
READ ALSO: Trader Moni to reach 10m petty traders
“We want to assure you that we are going to do more as President Muhammadu Buhari has directed us to expand the scheme so that those who have not benefited from the trader money and market will also benefit,” he said.
“It is very important to pay back the money so that the scheme will work effectively.”
Governor Sule commended the federal government for taking the loan scheme to Nasarawa State which will, no doubt, contribute to the economic prosperity of the state.
Executive Director of the Bank of Industry, Micro Enterprise, Toyin Adeniji, said three thousand beneficiaries were enrolled onto the scheme in the past three days.
Leave a Reply