TraderMoni loans not for election purpose, Presidency insists - Chrysora

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Thursday, 21 March 2019

TraderMoni loans not for election purpose, Presidency insists

                                      Tradermoni
The Presidency on Thursday said that the TraderMoni scheme and other GEEP micro-credit products (MarketMoni and FarmerMoni), which are components of the Buhari administration’s Social Investment Programme, are still very much in operation.

A statement by Mr Laolu Akande, the Senior Special Assistant on Media & Publicity to the President (Office of the Vice President), said that the loans are not for the purpose of election.

According to a progress report on the GEEP micro-credit products (TraderMoni, MarketMoni, and FarmerMoni), he disclosed that over 30,000 beneficiaries per state have been captured under the programme.

He said “So far, a target of 30,000 minimum beneficiaries per state has been achieved in majority of the 36 states and FCT since after the national and state polls.”

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