Trader Moni BOI project was launched on Saturday at relief market, Owerri, Imo state by the Vice President Yemi Osinbajo during which he restated the federal government’s commitment to boosting the nation’s economy and empowering traders.
He met with some petty traders at the Relief Market in Owerri as he kickstarted the N10,000 no-interest loans.
According to him, the Trader Moni boi project was meant to get resources in the hands of Nigerians and also empower them.
In addition, he assured that the Trader Money loan by the federal government is free for all and devoid of political or ethnic affiliations.
The traders in relief market, owerri were overwhelmed today as the Vice President @ProfOsinbajo and Imo State Governor Rochas Okorocha launched @Trader_Moni in #ImoState.#TraderMoni #owerri #ChangeYourLevel pic.twitter.com/MLr0lOKbGY
— TraderMoni (@Trader_Moni) September 22, 2018
About Trader Moni BOI Project
The trader moni boi project was initiated to assist petty traders across the country expand their trade through the provision of collateral and interest-free loans of at least N10,000, repayable over a six-month period.
The micro-credit scheme under the Government Enterprise and Empowerment Programme (GEEP), was first inaugurated on Aug. 7 in five markets in Lagos State – Mushin, Ikotun, Agege, Ketu and Abule Egba areas.
By the end of 2018, the micro-credit scheme would have reached all 36 states of the federation, with an estimated 2 million petty traders set to become beneficiaries.