FG resumes disbursement of N10,000 in Bayelsa: Tradermoni.

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Tradermoni: FG resumes disbursement of N10,000 in Bayelsa
Tradermoni: FG resumes disbursement of N10,000 in Bayelsa

Tradermoni: FG resumes disbursement of N10,000 in Bayelsa. The federal government has resumed the disbursement of N10,000 tradermoni to beneficiaries in Bayelsa – Over 20,000 traders had earlier registered for the program but 10,000 were considered in the first batch of beneficiaries.

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Beneficiaries are expected to make good use of the money and ensure that they pay back at the stipulated time to enable government to do more for them No fewer than ten,000 traders in various markets in Bayelsa state have benefited from the federal government’s tradermoni free interest loan empowerment scheme, an official has said.

Taiwo Tunmobi, the officer in charge of strategy and operations in the Government Enterprise and Empowerment Programme (GEEP), on Thursday, August 8, said this in Yenagoa at the end of the exercise.

No fewer than 10,000 traders in various markets in Bayelsa state have benefited from the federal government’s tradermoni free interest loan empowerment scheme, an official has said. Taiwo Tunmobi, the officer in charge of strategy and operations in the Government Enterprise and Empowerment Programme (GEEP), on Thursday, August 8, said this in Yenagoa at the end of the exercise.

Tunmobi said that over 20,000 traders had earlier registered for the programme but 10,000 were considered in the first batch of beneficiaries. The News Agency of Nigeria (NAN) reports that federal government delegation went to major markets in the state capital, including Tombia-Etegwe roundabout, Okaka market and others, disbursing N10,000 to the 10,000 persons shortlisted for the scheme.

He urged beneficiaries to create sensible use of the cash and make sure that they pay back at the stipulated time to change government to try to to additional for them. According to the GEEP officer, two options were given to the beneficiaries to repay the loan after two weeks- either to make daily payment of N85.00 or N430.00 weekly payment to the tradermoni account of the Federal Government in any bank of their choice.
Those United Nations agency end the compensation of their initial loan on time stand the chance to receive higher quantity of N15,000 and so on.Of course, our targets ar small business SMEs; these ar those that generally have zero access to credit.
As the government helps them to grow their businesses, their families will profit and therefore the economy can|will} profit,” Tunmobi more. Some of the beneficiaries expressed appreciation to the federal government for the gesture.
The chairman of Tombia-Etegwe roundabout market, Felicia Okwodejo, thanked the government and the organisers of the programme for making her a beneficiary.
She urged beneficiaries to ensure that they pay back the money as and when due.
The spokesperson for the vice president, Laolu Akande, said scheme and other projects are components of the President Buhari-led administration.

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