The Vice President, Prof Yemi Osinbajo (SAN), has revealed that about 30,000 traders who are to be the beneficiaries of the collateral-free loan otherwise known as TraderMoni loan are being targeted in Oyo State.
The vice president was quoted in a statement made available to Daily Trust in Lagos that there would be more beneficiaries of the scheme as soon as those who are beneficiaries in the first batch began to pay back.
Osinbajo who was at the Gbagi market, Ibadan, to assess how the loan was being executed and to ensure that all registered traders got the money, also said already 27,000 petty traders and artisans have been captured in the first batch.
“The policy of the Federal Government is to support businesses through the scheme, not just big businesses but particularly small, medium-sized businesses and micro businesses.
“I came personally to the market to ensure that those who are meant to collect the money are getting it. I want to know how the scheme is going on in Gbagi market,” the vice president was quoted as saying.
