“Why Trader Moni Was Initiated And Established” - Osinbajo
Vice President Yemi
Osinbajo, has explained the reason behind Nigeria’s latest micro-credit
schemes, TraderMoni and MarketMoni, are among the initiatives.
BAF MEDIA learnt that the
Vice President stated the reason at interactions with Nigerians across
diverse backgrounds at Karu, Mpape and Kubwa, all satellite towns in the FCT.
According to the vice
president more Nigerians would be lifted out of poverty if the is
government re-elected for another term. he also said that for the very
first time in the history of this country, loans are being made available for
petty traders, small traders.
“It is the love for the common man that
informed this government’s decision to empower the poor.”
At Mpape community, Osinbajo
told a gathering of artisans, women, community leaders and youths that the
government of President Muhammadu Buhari was for the common people and had
demonstrated same through the various empowerment schemes.
“There is MarkeMoni; there is TraderMoni; the TraderMoni is for the petty
traders, the small traders, selling groundnut and other small businesses; we
give them N10,000 when they repay, they get N15,000, N20,000 and on and on like
that.
Explaining the rationale behind the micro-credit schemes of the
Buhari administration, the Vice President said it was a step to help the
traders move up.
“Because every one of us must start from somewhere; when you start poor,
somebody must help you to become rich; if you are a small business woman,
somebody will help so that you too will become a big business woman.
“That is why
President Muhammadu Buhari started this TraderMoni so that market women can
grow their businesses gradually and after a while, they too will have enough
money to be able to build their own houses and everything they want to do.
“The
MarketMoni is for the bigger trader and artisans, it starts at N100,000, but
you must be part of a cooperative in order to benefit from the MarketMoni.“So,
we are trying very hard, God helping us, if we are voted in, February 16, it’s
the Next Level. Next Level for TraderMoni, for MarketMoni, for all the
programmes that we are doing.”
Earlier at Karu, Prof. Osinbajo addressed enthusiastic members of Karu-Jikwoyi
Women Progressive Movement, assuring them of the commitment of the Buhari
government to improve the lots of women.
He told the women that petty traders among them would benefit from
the TraderMoni scheme and other initiatives designed to uplift their lives and
those of their families.
The Minister of Women Affairs,
Aisha Abubakar, also addressed the women on how various social intervention
programmes would impact their lives.
In Kubwa, the Vice President’s first point of call was the Yekini
Aminu family at Information Quarters, where he was received by an excited and
jubilant crowd among them youths who thronged the streets, danced and chanted
‘four plus four, four plus four, as the Vice President’s motorcade arrived
Phase 4 area in Kubwa.
After a brief chat with his host, the Aminu family, the Vice
President addressed the crowd on the various empowerment schemes of the Federal
Government and proceeded to the Gbazango area of Kubwa to continue his visit to
the area.
At Gbazango, Osinbajo and entourage proceeded to the family
compound of 102 year-old Sunday Kukwaba Gazazhin, a respected Gbagyi family,
accompanied by a jubilant crowd comprising residents of Gbazango and environs,
including traders from the Kubwa village market.He had a chat with the patriarch
of the family and other family members through an interpreter before leaving.
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