TraderMoni loans not for election purpose, Presidency insists

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The Presidency on Thursday said that the TraderMoni scheme and other GEEP micro-credit products (MarketMoni and FarmerMoni), which are components

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

“What the implementing agency has been doing since the last phase of disbursements is generating the balance of program funding while ramping up on the states with shortages.” Mr Akande said, “that ministry is, in fact the oversighting Ministry of Bank of Industry, which is the deploying agency. The office of the Minister executes the GEEP program via the Bank of Industry.

“Working with the Central Bank of Nigeria , and the Nigerian Interbank Settlement System , we successfully piloted the concept of the BVN as digital collateral; and we saw repayment go up significantly on the MarketMoni and FarmerMoni loans.

 

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Hummm...Nigerians were lucky, had it been the opposition won, these laudable programs had ceased forthwith! Yaa Allah never grant PDP success!

Yes But for campaign purpose Useless ppl

🤣🤣🤣🤣🤣. No Shame

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