Osinbajo lights up Abuja market with Tradermoni
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this programme is for the petty traders selling in the markets it is not for bigger traders. it is for the petty traders to improve their businesses. for now we are giving you n10 000 if you pay back in six months or less you will get another n15 000. we want to encourage petty traders so that they can have sufficient amount to improve their businesses1 vice president yemi osinbajo literally lit up the utako market in abuja as he arrived thursday to witness the disbursement of collateral and interest free loan tradermoni to petty traders1 osinbajo told the traders that in line with the agenda to spread prosperity and reduce poverty the federal government will continue to initiate and sustain programmes aimed at uplifting nigerians at the bottom of the pyramid especially petty traders regardlessof socio-political background1 the scheme is part of the social investment programme of the buhari administration1 so far the programme has been launched in lagos kano katsina abia and osun states and would be extended in quick succession to traders in all the states of the federation before the end of 20181 the vice president said every petty trader is eligible to benefit from the scheme and urged petty traders across the country to take advantage of the scheme to improve their businesses1 he also used the opportunity to interact with the traders while also delivering a message of support from the buhari administration1 he assured beneficiaries that the amount given to them would be increased if they paid back their loans within the stipulated period adding that president muhammadu buhari himself was interested in the welfare of the traders1 according to the vice president the one we did before was for big traders under the geep programme we gave them as much as n100 000. if you do well with this one we are giving you now we will increase the amount1 everybody can benefit from this scheme the president himself has said that he wants to make sure that those who are selling small items in the markets benefit from this programme1 when we give you this money we want you to pay back and no interest is involved1 earlier on arrival at the market prof. osinbajo went round interacting with petty traders before he proceeded to address traders who had thronged access roads around the market to receive him1 the vice president was accompanied to the programme by two ministers of state industry trade and investment hajiyaaisha abubakarand zainab ahmed among other top government officials1