FG To Distribute N10bn Trader Moni Loan In 2020 - Politics - Nairaland
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| FG To Distribute N10bn Trader Moni Loan In 2020 by Cossybob(m): 7:47am On Dec 21, 2019 |
The Federal Government plans to distribute N10 billion as Trader Moni loan to petty traders and artisans in the 2020 fiscal year. Under the Trader Moni micro credit scheme, the Federal Government (FG), through the Bank of Industry (BOI) provides interest free and collateral free loan to petty traders and artisans. The loan ranges from N10, 000 to N100,000 per beneficiary. The loan is part of the social intervention programmes under President Muhammadu Buhari led administration. According to the 2020 Appropriation Bill signed into law by the President on Monday, N10 billion was allocated to BOI as ‘Grants to BOI to support low interest loan to SMEs’. https://www.vanguardngr.com/2019/12/fg-to-distribute-n10bn-trader-moni-loan-in-2020/
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