Os­in­bajo takes Tra­der­moni to Ketu, Bariga, Oshodi mar­kets

The Guardian (Nigeria) - - THEMETROSECTION -

VICE pres­i­dent, Prof. Yemi Os­in­bajo, yes­ter­day in La­gos State in­au­gu­rated the Tra­der­moni scheme at Ketu, Bariga and Oshodi mar­kets, where he re­vealed that more than 809,000 petty traders have so far ben­e­fit­ted from the ini­tia­tive, with an as­sur­ance that the scheme would be ex­tended to two mil­lion ben­e­fi­cia­ries by De­cem­ber 2018 across the coun­try.

The scheme, which is a col­lat­eral and in­ter­est-free loan for petty traders, had ear­lier been launched in some mar­kets in La­gos, while three ad­di­tional mar­kets in the state –

Ketu, Bariga and Oshodi were added to the scheme by Os­in­bajo, ac­com­pa­nied by La­gos State gov­er­nor, Ak­in­wunmi Am­bode and the All Pro­gres­sives Con­gress (APC) gov­er­nor­ship can­di­date in the state, Baba­jide Sanwo-olu.

The trio, while in­spect­ing im­ple­men­ta­tion of the scheme, took time to in­ter­act with petty traders in the mar­kets, as­sur­ing them that gov­ern­ment would con­tinue to come up with in­no­va­tive ini­tia­tives to ben­e­fit the crit­i­cal mass of the pop­u­la­tion.

Tra­der­moni, an ini­tia­tive, which is part of the Fed­eral Gov­ern­ment’s So­cial In­vest­ment Pro­gramme (N-SIP), is de­signed to as­sist petty traders across the coun­try ex­pand their trade through the provi- sion of col­lat­eral and in­ter­est-free loans rang­ing from N10,000 and above, re­payable over a pe­riod of six months.

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