Vice President, Yemi Osinbajo says the administration of President Muhammadu Buhari is determine to help promote the growth of businesses owned by Nigerians in the country.
He stated this on Thursday in Benin during his two-day working visit, where he commissioned and inaugurated some new projects.
He noted that employments have been created through the N-Power programme and granting of soft loans to people operating very small businesses across the country.
“The policy of the Federal Government is to support businesses, not just big business but particularly small, medium-sized businesses and micro businesses. The whole idea is that we want to ensure that we give whatever support whether it is cash, advice or even registration to all of our small and medium enterprises.
“Apart from the existing GEEP MarketMoni scheme, which targets market women, traders, artisans and enterprising youths, Osinbajo also revealed that the Federal Government is rolling out TraderMoni, a new micro-credit scheme to cater for ultra-micro enterprises.
“It is a different thing from MarketMoni because TraderMoni is for the smaller traders. These are the hawkers; those who are doing little things where in many cases their inventory, the whole thing they are selling is sometimes not even more than N5,000- N10,000. We want to give those kinds of people some credit as well and once they pay back, we will give them some more money,”
By Augustine Akhilomen