In a bid to fulfill his campaign promises during the 2015 election which was to reduce unemployment level in the country, President Muhammadu Buhari, on Tuesday, launched a scheme in Lagos, that would give collateral free loans to two million Nigerians.
The President, through the Senior Special Assistant to the acting president on Media and Publicity, Laolu Akande said he wants to reduce unemployment and increase employment opportunities among the swarming youths.
“In a determined and significant bid to further enlarge its financial inclusion agenda for all Nigerians regardless of social class and economic status, the Buhari administration has launched a new initiative under the Government Enterprise and Empowerment Programme (GEEP), called the Trader Moni, which will empower two million petty traders between now and the end of the year.’ He said
The scheme was launched last week in Lagos and would grant a minimum of 30,000 loans in each State of the federation and the Federal Capital Territory.
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