FG TraderMoni Interest-free Loan: Resumes November 2023 with N50,000 - Naija Stick

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FG TraderMoni Interest-free Loan: Resumes November 2023 with N50,000

Oct 12, 2023


FG TraderMoni Interest-free Loan: Resumes November 2023 with N50,000:


The interest-free loan program, initially launched in 2018, had gone dormant for a while. However, Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation, clarified that it has not been discontinued.


In a departure from the earlier phases where traders received N10,000, this relaunch aims to provide more substantial support, with beneficiaries set to receive N50,000 to boost their businesses. Edu made this announcement during her appearance on Channels Television’s Sunday Politics.


Edu revealed the revival of the scheme and outlined the plan:


“Now, for the first set, which we are starting in November, we are selecting one big market per senatorial district, totaling 109 markets. We are going into the markets, capturing the traders in their shops.”