The TraderMoni scheme, other Government Enterprise and Empowerment (GEEP) micro-credit products (MarketMoni and FarmerMoni), a component of the Buhari administration’s Social Investment Programme(SIP) are still very much in operation, the Presidency has said.
Mr Laolu Akande, the Senior Special Assistant on Media and Publicity to the President, Office of the Vice President, disclosed this in a progress report on GEEP made available to newsmen on Thursday in Abuja.
He said that contrary to speculations in some quarters, the micro-credit schemes had not stopped, as 30,000 petty traders had received TraderMoni loans after elections.
Osinbajo flags off Trader Moni in Ondo Tuesday
Akande said that with repayments, some of the initial beneficiaries had started collecting second improved loans of N15, 000.
“So far, a target of 30,000 minimum beneficiaries per state has been achieved in majority of the 36 states and FCT after the national and state…
