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The Federal Government has said in the next few weeks it is going to provide 500,000 petty traders across the country micro loans of N5bn to cushion the economic hardship caused by coronavirus lockdown.

It said it would do this through the Tradermoni, Marketmoni and Farmermoni programmes, adding that 100,000 of such traders had already got the loans.

A statement from the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development indicated that it would be doing this through the Government Entreprise and Empowerment Programme, which had been activated.

It is one of the social intervention programs, comprising TraderMoni , MarketMoni and
FarmerMoni , and executed by the Bank of Industry.

Read details below
Fg To Disburse N5bn Loans To 500,000 Traders - General Discussion

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