- FG, BOI Loan Excites Niger Traders
The Federal Government in collaboration with the Bank of Industry has disbursed N3,000,000 to 30,000 petty traders in Niger State.
The programme, Tradermoni, targets two million petty traders across the country for a free N10,000 for each trader with repayment tenure of six months.
The programme Supervisor, Adenle Adedotun, disclosed this to newsmen at the commencement of the disbursement at Tunga Market.
Adedotun explained that Tradermoni was aimed at empowering petty traders with N10,000 to start a business of their choice.
He further explained that after paying back the N10,000 with interest of N250 within the the interval of six months, the trader could access higher amount.
He also said the traders could get additional loans of N15,000 to N20,000 each.
