₦airaland Forum

The Federal Government has inaugurated a new initiative under the Government Enterprise and Empowerment Programme to empower two million petty traders between now and the end of the year .
The initiative called the Trader Moni is meant to further enlarge the present administration ’ s financial inclusion agenda for all Nigerians regardless of social class and economic status.

The Senior Special Assistant to the Acting President on Media and Publicity, Mr Laolu Akande , disclosed this in a statement on Sunday.
Akande explained that the scheme which was inaugurated in Lagos last week would grant a minimum of 30 , 000 loans in each state of the federation and the Federal Capital Territory.
He said the two million mark was expected to be attained on or before the end of the year , with petty traders in Lagos, Kano and Abia states set to be the first round of beneficiaries to draw the collateral- free loans .
He said , “ In addition to the 30 , 000 loans per state , states with a larger population like Lagos and Kano are expected to get more than 30 , 000 loans . ”


https://punchng.com/fg-to-give-two-million-traders-loans-without-collateral/

This money is not for the lazy youths,it is for those that doing something to move their lives forward.

Don't expect this loan if you are not a card carrying member of APC.

Election don come

This is a very good initiative by the Federal Government...this will surely empower traders to do business within and outside their states.. collateral can be a huge burden in terms of loan.. so the Government assisting the traders here with loans without collateral is definitely a good development.. good job Mr President.

Where was this initiative for the last 3.5 years?

They are legalising vote buying

Where is Government getting money to fund this initiative?

[s]

dukie25:
Don't expect this loan if you are not a card carrying member of APC.

[/s]

Government MDAs are staffed by people of all political leanings. Try another lie.

[s]

krendo:
Where was this initiative for the last 3.5 years?

They are legalising vote buying

Where is Government getting money to fund this initiative?

[/s]

Lazy yoots will come up with thousands of excuses why they want to remain unemployed and beggarly.