The Federal Government has launched the Trader Moni empowerment programme for 30,000 petty traders in Osun State.
The Vice President, Prof Yemi Osinbajo (SAN), launched the empowerment loan, which would be paid by the Federal Government through the Bank of Industry to the beneficiaries.
He said, “We thank God that we are starting this in Osun State. We will give them more as they begin to repay the N10,000. If they repay the N10,000, they will be given N15,000. And if that is repaid, they would be given N20,000 and so on like that.
“If you look at it, petty traders are very many in Nigeria; they are everywhere; you see them in Iwo; they are many even in villages, towns and cities. We have to encourage them and do everything to encourage them to continue. We want to empower the masses especially those who are not lazy; we have to empower them with loans to continue with their trades. That is what President Buhari’s government wants to do.
– Copyright PUNCH