Have You Receive Buhari’s Interest-Free Loan? Over N15BN Given Already
Are you a businessman? Have you received any interest-free loan from the Buhari government?
The Vice-President, Yemi Osinbajo on Monday said the present administration had so far provided the interest-free loans to over 300,000 people across Nigeria.
A total of 15.183 billion naira has been disbursed.
He said the beneficiaries included traders, artisans and farmers.
Osinbajo spoke at the 9th Presidential Quarterly Business Forum held at the old Banquet Hall of the Presidential Villa, Abuja.
He said each of the beneficiaries got between 50,000 naira and 350,000 naira under the scheme.
Osinbajo expressed the belief that the present administration would make a massive difference if 1 trillion naira was spent on the poor yearly.
“A total of 15.183 billion naira in interest-free loans ranging from 50,000 naira to 350,000 naira has been disbursed to more than 300,000 market women, traders, artisans and farmers across all 36 states of the country and the FCT. By the way, 56% of the loans have gone to women.
“We took the view that since the largest number of small businesses in Nigeria are the market women and men and petty traders, we needed to expand the opportunities in these categories,” Osinbajo said.
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