Vice-President Yemi Osinbajo has
launched the Government Enterprise and Empowerment Programme (GEEP) otherwise
known as TraderMoni in three more markets in Lagos state.
The vice president, on Monday,
launched the free loan scheme to traders at the Ikotun, Igando and Ile Epo
markets.
Osinbajo, accompanied by Akinwumi
Ambode, governor of Lagos state, and Babajide Sanwo-Olu, governorship candidate
of the All Progressives Congress (APC) in the state, asked the traders to
utilise the loans judiciously to secure more from the federal government.
He said the loan was to help the
traders grow their businesses and add meaning to their lives.
“This is one initiative this
administration has put in place to address the plights of those at the
grassroots. To help you grow your businesses and make lives meaningful to you
and your families,” he said.
“That’s why we ensure there is no
collateral and when you repay the loans, you can secure more from government
because it shows you are serious with what you are doing.”
TraderMoni is a collateral-free
loan of N10,000 to petty traders, repayable within a period of six months.
On Friday, the southern and
middle belt leaders forum had accused Osinbajo of bribing voters with the
TraderMoni scheme ahead of the 2019 general election.
Abiodun Olujimi, a Peoples
Democratic Party (PDP) senator from Ekiti state, also accused the federal
government of engaging in vote-buying ahead of the elections.
But Laolu Akande, senior special
assistant to the vice-president on media and publicity, maintained that the
TraderMoni loan given to petty traders is not meant to buy voters.
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