Micro Businesses in Enugu to Benefit from TraderMoni Initiative, Says Osinbajo

Jonathan Eze

At least 30,000 traders from Enugu State will benefit from the TraderMoni, an initiative of the federal government that was designed to further enhance entrepreneurial opportunities for the rural poor, Vice President, Prof Yemi Osinbajo has said in Enugu State.

Also, the State Governor, Ifeanyi Ugwuanyi, who was at the event, announced that the state government has also deployed over 16,000 beneficiaries of the N-Power programme to schools, farms and other places where they are adding value to the economy.

Osinbajo who spoke at the 19th Micro, Small and Medium Enterprises Clinics for Viable Enterprises (MSME Clinics), recently, highlighted the importance of small and medium scale businesses in poverty eradication and value creation, said the federal government was seeking to enhance the MarketMoni initiative by introducing the TraderMoni programme which specifically will target Nigerians at the bottom of the pyramid.

The vice president, who said the MSME Clinics had been designed to support small and medium businesses, noted that the programme had become an inspiring example of how government can make a difference in the lives of entrepreneurs by reducing regulatory bottlenecks and providing training and support systems necessary for business growth.

He commended the creative energy of the Nigerian entrepreneurs and promised that the federal government would continue to create the favourable environment needed for entrepreneurs to thrive.

In his address at the event, Ugwuanyi noted with delight the positive results the state had derived from its strategic partnership with the federal government in the area of employment generation, poverty eradication and the growth and development of small and medium businesses.

He noted that Enugu State had been able to train more than 35,000 MSME owners and aspiring entrepreneurs through the State-owned Enterprise Development Institute with more than 7,000 others benefitting from Government Enterprise Empowerment Program (GEEP), otherwise called ‘MarketMoni’.