Beneficiaries of MarketMoni, TraderMoni, are happy- Osinbajo
Vice President Yemi Osinbajo said the feedback from the field and testimonials indicated that the beneficiaries of TraderMoni and MarketMoni are doing very well and paying back their loans.
Osinbajo spokesman Laolu Akande said in a statement in Abuja that the vice president had exchanges with journalists after his assessment visit to the markets of Keffi and Masaka towns, in State of Nasarawa, where TraderMoni and MarketMoni programs were paid to traders.
The Vice President urged the beneficiaries of the loan systems to continue to repay their loans to be able to get more money and succeed in business.
“I’m very good; and I’m happy to hear from traders who have done so well after getting their first loan.
“It’s also interesting that they paid off their loan very quickly, because by paying back, you can get more; when you get N10,000, and you pay, you get 15,000 and it goes up to 20,000, when you pay up to 100,000, and it’s so exciting to see these traders doing it well.
“Everyone is already writing. What we want is to extend it so that more traders can get this facility. So we have to do more because at the moment we have achieved almost two million but we need to increase the number. “
Osinbajo said the federal government’s goal in the next level was to expand the system to cover more merchants and increase the amount received to allow recipients to expand their business.
According to him, the TraderMoni and MarketMoni programs will be expanded to include more people in each state.
He said more traders would get TraderMoni and MarketMoni loans.
“As long as you continue to repay, you will continue to have more money.
“We want to make sure that all the small traders in the market have enough to be able to employ more people themselves, pay school fees for their children, and build their own homes.
“As I told you, we will expand the program so that more people can benefit from it.”
Earlier in Keffi’s Emir’s Palace, Alhaji Shehu Yamusa, Osinbajo said his visit to the state was intended to assess the disbursement of TraderMoni and MarketMoni loans to traders in every markets.
He said that TraderMoni was the means by which President Muhammadu Buhari empowered women and men who were traders.
He said the stocks of many traders were very small, as they could be people peddling peanuts, selling bread and other necessities.
“Most of them do not have enough capital to improve their business. So what we are doing is empowering them through the industry bank.
“So we want to make sure that the people who are negotiating have an opportunity and that opportunity comes when we are able to give them capital through this TraderMoni program. That’s why we are here.
On the emir’s call for improvement of educational standards, the vice president said Buhari was determined to improve both access to and quality of education for all Nigerians, whatever their socio-economic background.
He said that one of the other elements that would appeal to the traditional would be the President’s determination with regard to the issue of education.
“On June 20, when addressing the governors at the inauguration of the National Economic Council, he said that the federal government would implement, with state governments, the law on free and compulsory education for the first nine years of the school of the child life.
“This is a very important thing because we all know that education is the key to economic success, the key to self-realization and the key to enabling all people to lead dignified lives.
“We are therefore extremely concerned about how to improve education; Technical education in particular, I think it’s very important.
“In fact, as part of our N-Power program, a number of technical education programs are already underway. We have what we call N-Build, which is a technical training for people working in the building industry (tillers, brick layers, etc.). We have also trained extension workers, people who will provide extension services.
“There is one for people involved in technical training such as carpenters, electricians and many others,” he said.
He added that the federal and state governments are committed to doing more in technical education.
Osinbajo said there is also collaboration to help states make primary education and the first three years of secondary education free and compulsory, as well as in the education of young women.
In his remarks, Mr. Chindo congratulated the Vice President for his concern and concern for the well-being of the people of Nasarawa State and Keffi in particular.
The traditional leader urged the federal government to revise the nation’s curriculum to include vocational and technical education in youth unemployment.
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