Vice President Yemi Osinbajo has
reacted to report making the rounds of the alleged suspension of Trader Moni
empowerment scheme.
Reports had it that Osinbajo had
suspended the scheme after presidential election and has not toured any state
to promote Trader Moni in the last one month.
Reacting, however, Osinbajo Media
Aide, Laolu Akande, debunked the report.
According to him, Trader Moni has
not been suspended contrary to reports in a section of the media.
Laolu on his Twitter page wrote:
“Trader Moni, the interest/collateral free N10,000 loans for petty traders is
on course. Ignore reports to the contrary.
“In fact, since after the
elections, about 30,000 new loans have been given across ten states.
“Also since traders have started
repaying, N15,000 disbursements.”
Trader Moni is an initiative of
the Federal Government, through Bank of Industry and Government Enterprise and
Empowerment Programme.
The programme is part of the
Federal Government social intervention aimed at funding micro business in the
country through soft loans beginning from N10, 000.
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