Nigeria’s Vice President, Yemi Osinbajo says feedback from the field and testimonies indicate that the TraderMoni and MarketMoni beneficiaries are doing very well and are paying back their loans.
Osinbajo stated this in an interaction with newsmen after his assessment visit to markets in Keffi and Masaka towns of Nasarawa State where the TraderMoni and MarketMoni schemes were being disbursed to traders.
The Vice Pesident urged beneficiaries of the loan schemes to continue to pay back their loans so they could get more money and become very successful in business
“It is going very well; and I am excited to hear the testimonies of the traders who have done so well after getting their first loan.
“It is also exciting to see that they have repaid their loans very quickly, because as you pay back, you are able to get more; when you get N10, 000, and you pay back, you get N15, 000 and it gets to N20, 000, when you repay, all the way to N100, 000, and it is so exciting to see that these traders are doing so well.
“Everybody is keying in already, what we want to do is to expand it so that more traders can get this facility, so we need to do more because at the moment, we have done close to two million but we need to increase the number,” he emphasised.
Osinbajo said the target of the Federal Government in the Next Level was to expand the scheme to cover more traders and also increase the amount received to enable beneficiaries expand their businesses.
According to him, the TraderMoni and MarketMoni schemes will be expanded to include more people in every state.
“So long as you continue to pay back you will continue to get more money.
“We want to make sure that every petty trader in the market have enough so that they themselves can even employ more people and pay their children’s school fees and also build their own houses.
“As I told you, we are going to expand the scheme so that more people can benefit,” VP Osinbajo added.