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07 September 2018

Jubilation in Abuja market as Osinbajo inaugurates TraderMoni

Federal government has inaugurated a commercial loan scheme tagged “Trader moni” targeted at assisting petty traders grow their businesses across the country.

Inaugurating the scheme at Utako market and Garki Model market, in the federal capital territory, Abuja, the Vice President Yemi Osinbajo said the scheme was aimed at supporting petty traders with interest-free loans.

Osinbajo spoke to the traders,emphasizing that the federal government through Bank Of Industry was committed to empowering traders in Nigeria and meeting their needs in the area of business expansion.

Executive Director, Bank of Industry, Toyin Adeniyi said two million traders would be covered in the first phase of the disbursement of not less than ten thousand naira each.

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