Vice President Yemi Osinbajo on Tuesday said the federal government will expand its current Market Moni/Trader Moni interest free loan scheme to cover more rural dwellers.
Osinbajo who was addressing the 3,000 beneficiaries of the TraderMoni loan scheme in Keffi Market, Nasarawa State, on Tuesday noted that every Nigerian deserved to be rich.
According to him, the idea for the extension of the Market Moni/Trader Moni to all the states of the federation is to make sure that the empowerment initiative of the present administration achieves the intended objective.
He appealed to beneficiaries of the loan programme to ensure that they pay back in order to pave way for other persons to also benefit from the programme.
“We want to assure you that we are going to do more as President Muhammadu Buhari has directed us to expand the scheme so that those who have not benefited from the trader money and market will also benefit,” he said.
“It is very important to pay back the money so that the scheme will work effectively.”
The Vice-President, who was accompanied by Governor Abdullahi Sule of Nasarawa State, stated that he was in the market to assess how the loan was being executed and to ensure that more persons are being registered on the programme.
He said the collateral-free loan, which was dispensed through the Bank of Industry, is part of the Federal Government’s National Social Investment Programme under the Government Enterprise and Empowerment Programme meant to reinforce the Federal Government’s commitment to bridge the credit gap and empower Nigerians.
“Every Nigerian has the right to be rich and even very rich,” the vice president says.
He disclosed that President Mohammadu Buhari has directed that more funds should be committed to the scheme and that the period of disbursement should be extended.
He continued, “We want to assure you that we are going to do more, as President Mohammadu Buhari has directed us to the scheme so that those who have not benefited from the TraderMoni and MarketMoni will also benefit.
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