2m Nigerians to get collateral free loans

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By Johnbosco Agbakwuru
ABUJA – THE Federal Government Sunday night said that it has launched a new initiative under the Government Enterprise and Empowerment Programme (GEEP), called the TraderMoni, which will empower two million petty traders between now and the end of the year.

The government explained that the aim for launching the scheme was to further enlarge its financial inclusion agenda for all Nigerians regardless of social class and economic status.

A statement by the Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, Laolu Akande said that the scheme, which was launched last week in Lagos, would grant a minimum of 30,000 loans in each State of the federation and the Federal Capital Territory.

According to him, “All together, the 2 million mark is expected to be attained on or before the end of this year, with petty…



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