Tradermoni Loans Not For Election – Presidency

The presidency has explained that the tradermoni scheme and other GEEP micro-credit products, as components of President Buhari administration’s social investment programme, are still in operation.

The explanation came through a statement by the senior special assistant on media & publicity to the vice president ,  Mr. Laolu Akande, who said the loans are never conceived for the purpose of election.

According to a progress report on the GEEP micro-credit products (tradermoni, marketmoni and farmermoni), Mr. Akande disclosed that over 30,000 beneficiaries per state have been captured under the programme, after the presidential and the national assembly elections

Speaking on measures adopted to enhance repayments, the Presidential media aide said GEEP has pioneered innovative solutions to drive repayment compliance.

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