ADVERTISEMENT
  • Privacy Policy
  • Terms
  • About us
  • Contact Us
Sunday, December 3, 2023
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home News

Nigeria’s TraderMoni to halt poverty – Osinbajo

The Matters Press by The Matters Press
January 19, 2019
Reading Time: 3 mins read
0
Nigeria’s TraderMoni to halt poverty – Osinbajo


Nigeria’s latest micro-credit schemes, TraderMoni and MarketMoni, are among the initiatives to incrementally lift Nigerians out of poverty, Vice President Yemi Osinbajo, has explained.

RELATED POSTS

Nigeria repositioning agriculture to entrench food security

Lithium tops negotiations between UK, Nigerian officials in London

AfDB moves to strengthen Africa’s green bond market

The Vice President stated at interactions with Nigerians across diverse backgrounds at Karu, Mpape and Kubwa, all satellite towns in the FCT.

He said more Nigerians would be lifted out of poverty if the is government re-elected for another term.

According to him, for the very first time in the history of this country, loans are being made available for petty traders, small traders.

“It is the love for the common man that informed this government’s decision to empower the poor.”

At Mpape community, Osinbajo told a gathering of artisans, women, community leaders and youths that the government of President Muhammadu Buhari was for the common people and had demonstrated same through the various empowerment schemes.

“There is MarkeMoni; there is TraderMoni; the TraderMoni is for the petty traders, the small traders, selling groundnut and other small businesses; we give them N10,000 when they repay, they get N15,000, N20,000 and on and on like that.

Explaining the rationale behind the micro-credit schemes of the Buhari administration, the Vice President said it was a step to help the traders move up.

“Because every one of us must start from somewhere; when you start poor, somebody must help you to become rich; if you are a small business woman, somebody will help so that you too will become a big business woman.”

Continuing, he said, “that is why President Muhammadu Buhari started this TraderMoni so that market women can grow their businesses gradually and after a while, they too will have enough money to be able to build their own houses and everything they want to do.

“The MarketMoni is for the bigger trader and artisans, it starts at N100,000, but you must be part of a cooperative in order to benefit from the MarketMoni.

“So, we are trying very hard, God helping us, if we are voted in, February 16, it’s the Next Level. Next Level for TraderMoni, for MarketMoni, for all the programmes that we are doing.”

He assured the artisans that the Buhari administration was setting up a bank to be called the PeopleMoni Bank to lend money to artisans so that they could also grow.

Earlier at Karu, Prof. Osinbajo addressed enthusiastic members of Karu-Jikwoyi Women Progressive Movement, assuring them of the commitment of the Buhari government to improve the lots of women.

He told the women that petty traders among them would benefit from the TraderMoni scheme and other initiatives designed to uplift their lives and those of their families.

The Minister of Women Affairs, Aisha Abubakar, also addressed the women on how various social intervention programmes would impact their lives.

In Kubwa, the Vice President’s first point of call was the Yekini Aminu family at Information Quarters, where he was received by an excited and jubilant crowd among them youths who thronged the streets, danced and chanted ‘four plus four, four plus four, as the Vice President’s motorcade arrived Phase 4 area in Kubwa.

After a brief chat with his host, the Aminu family, the Vice President addressed the crowd on the various empowerment schemes of the Federal Government and proceeded to the Gbazango area of Kubwa to continue his visit to the area.

At Gbazango, Osinbajo and entourage proceeded to the family compound of 102 year-old Sunday Kukwaba Gazazhin, a respected Gbagyi family, accompanied by a jubilant crowd comprising residents of Gbazango and environs, including traders from the Kubwa village market.

He had a chat with the patriarch of the family and other family members through an interpreter before leaving Kubwa.

Tags: TraderMoni
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Cash, petrol scarcity create food crisis in Nigeria
Agriculture

Nigeria repositioning agriculture to entrench food security

December 3, 2023
Nigeria discovers high grade lithium mineral
Economy/Technology

Lithium tops negotiations between UK, Nigerian officials in London

December 3, 2023
Nigeria’s green bond market exceeds N55bn mark
Economy/Technology

AfDB moves to strengthen Africa’s green bond market

December 3, 2023
Free public transportation for retirees begins in Lagos
Economy/Technology

NSIWC clarified commission’s issuance of pension circulars

December 2, 2023
WTO postpones conference due to pandemic travel restrictions
Economy/Technology

Nigeria’s membership of WTO, bane to local market, domestic production – Don

December 2, 2023
Veritas Kapital’s total assets hit N21.4bn
Economy/Technology

Insurance companies net N729.1bn premium

December 2, 2023
Next Post
Guinness brewery in Aba hit by fire

Guinness brewery in Aba hit by fire

Atiku’s excuse for not debating, APC laughs

Atiku's excuse for not debating, APC laughs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended Stories

CIIN president tasks Insurance directors on manpower development

NAICOM to execute regulatory initiatives to uplift insurance sector

November 5, 2022
Second Niger bridge ready for use by Christmas 2022

Rehabilitation of third mainland bridge begins

November 9, 2023

Africa must harness benefits of big data for sustainable development

November 23, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • The Penis, its global culture

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Nigeria repositioning agriculture to entrench food security
  • Lithium tops negotiations between UK, Nigerian officials in London
  • AfDB moves to strengthen Africa’s green bond market

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2022 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2022 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us