
FG To Distribute ₦10bn Trader Moni Loan In 2020
The Federal Government has mapped out ₦10 billion as Trader Moni loan to petty traders and artisans in the 2020 fiscal year.
The loan is part of the social intervention programmes under President Muhammadu Buhari led administration.
According to THISDAY reports, N10 billion was allocated to BOI as ‘Grants to BOI to support low interest loan to SMEs’. This was contained in the 2020 Appropriation Bill signed into law on Monday by the President.
Read Also: Enugu Airport Closure: Govt Releases Free Shuttle To Owerri
The Federal Government, through the Bank of Industry (BOI) provides interest free and collateral free …