The Vice President, Prof. Yemi Osinbajo, says the TraderMoni initiative under the Social Investment Programme was to uplift and boost the businesses of petty traders across the country. According to Vanguard, the Vice President stated this after inspection of Command Centre, where Tradermoni was being monitored and tracked at Bank of Industry (BOI) in Abuja on Thursday.
“President Buhari was a chairman of a group known as Katsina Foundation; the foundation was doing this exactly by giving loan to small traders like people making Akara and other small trades.
“The foundation gave loan to a lot of traders and he felt this could be replicated on the national scale because of how it worked.
“I can tell you that in terms of originating the concept of this Tradermoni, it is from the president. He has done it before and he had seen it working, he replicated it at the national level and I am happy we are succeeding”
Osinbajo said that it was unfortunate and ridiculous that people were criticizing a programme of this nature that had touched lives of a lot common man.
“It is a programme approved by the senate and the entire National Assembly. I am wondering while an individual is condemning such project. We are only going out to implement it and we are doing so as vigorous as possible”
He said that the government was looking at N20 billion for the first phase of the programme.
