ADVERTISEMENT
  • The Membership Club
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Saturday, January 23, 2021
Premium Times Nigeria
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Parliament Watch
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
ADVERTISEMENT
Vice President Yemi Osinbajo (R), inspecting food items at the Utako Market, during the launch of TraderMoni in Abuja on Thursday (6/9/18). 04819/6/9/2018/Ibrahim Sumaila/JAU/NAN

Vice President Yemi Osinbajo (R), inspecting food items at the Utako Market, during the launch of TraderMoni in Abuja on Thursday (6/9/18). 04819/6/9/2018/Ibrahim Sumaila/JAU/NAN

Jubilation in Abuja market as Osinbajo inaugurates TraderMoni

byAgency Report
September 6, 2018
1 min read
ADVERTISEMENT

There was jubilation at Utako market, Abuja, on Thursday as the Vice President, Yemi Osinbajo, inaugurated the TraderMoni scheme.

TraderMoni is a federal governmen initiative aimed at providing two million petty traders across the country with collateral-free loans before the end of the year.

The ecstatic traders cheered and hailed as the vice president went from stall to stall having one-on-one conversations with the sellers.

Addressing the crowd, Mr Osinbajo, who spoke partly in Pidgin English, said that with TraderMoni, petty traders would be empowered.

“The small small traders, no be big traders; na small small traders we wan give money; make them able to sell well; have more money to sell.

“We give N10,000; if pay back in six months, then you get N15,000; if you pay back, you get N20,000

“We want to encourage petty traders so that they will have enough money to do their businesses; we have done one before for the bigger traders, that one is Government Enterprise and Empowerment Programme(GEEP), N100,000 to 120,000.

Today, I am at the Utako market in Abuja.

Trader Moni is one of the product loans under the Government Enterprise and Empowerment Programme, GEEP.
GEEP is one of the Social Investment Programmes.

It is loans for traders who need a quick boost for their businesses. pic.twitter.com/oGK6lFyP9K

— Prof Yemi Osinbajo (@ProfOsinbajo) September 6, 2018

“If you do well with the N10,000, N15,000, N20,000, then we can increase it; everyone can benefit from this; the president himself has said he wants to make sure that those who are selling in the market:selling pepper, sugarcane, tomato get the money.

RelatedNews

Man pushes girlfriend to death from five-storey building

NPFL Preview: Nasarawa United seek extended unbeaten run

Zamfara governor promises communities additional security after bandits attack

JUST IN: Rivers United defeat Bloemfontein Celtics in CAF Confederation qualifier

“So, when you are given the money, we urge you to make sure you pay back; there is no interest; you just take it and you pay back in six months; I want all of us to make sure we register so that we can be given the money,” he said.

TraderMoni, which had Lagos, Abia and Kano as its pilots states, would be inaugurated across the country.

(NAN)

  • WhatsApp
  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • Share on Tumblr
  • Pocket

Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...


JOIN THE CONVERSATION

  • Disqus (13)
premiumtimes



PT Mag Campaign AD

Previous Post

Kenyan police apologise over arrest of Chinese journalists

Next Post

Woman commits suicide in Lagos

Agency Report

Agency Report

More News

Nonso Eze, suspected to have killed his girlfriend

Man pushes girlfriend to death from five-storey building

January 23, 2021
Shehu of Dikwa [PHOTO CREDIT: @thekanemborno]

Shehu of Dikwa, Muhammad El-Kanemi, is dead – Official

January 23, 2021
COVID-19 vaccine [PHOTO CREDIT: The Economic Times]

India probes deadly blaze at AstraZeneca coronavirus vaccine production site

January 23, 2021
Governor Muhammad Badaru

Defection rumours in Jigawa APC after governor invites Tambuwal to commission projects

January 23, 2021
Red Cross vehicles in a convoy [Photo: Television Nigerian]

ICRC, IFRC celebrate as Prohibition of Nuclear Weapons Treaty comes into force

January 23, 2021
Alex Saab

Absence of Cape Verdean judge in ECOWAS court stalls Venezuelan diplomat’s case

January 22, 2021
Next Post
Couple holding hands used to illustrate a marriage

Woman commits suicide in Lagos

ICPC Head Office

Nigerian official arrested over N5.5m bribe

Discussion about this post

Search

#EndSARS: Latest Updates




Polaris Bank


JAIZ Ad


NITDA Ad




Advertisement






netherland biz school Advert

Zenith Advert

Heritage Advert
ADVERTISEMENT

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

No Result
View All Result
  • Home
  • COVID-19
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Features
    • Investigations
    • Interviews
    • Markets
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • Opinion
  • PT Hausa
  • The Membership Club
  • Dubawa
    • Dubawa NG
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
  • Digital Store
  • DONATE

All content is Copyrighted © 2020 The Premium Times, Nigeria

Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.