Kwara govt to replicate Trader-Moni to fight poverty

News Agency Of Nigeria

August 2, 2019 9:04 PM

Ajakaye said the governor would use the platform to extend soft loans to traders and reduce mass poverty in the state.

Kwara State Governor, Abdulrahman Abdulrazaq (News247)

Gov. AbdulRahmam AbdulRazaq of Kwara says his government is understudying the Trader Moni programme of the Federal Government with a view to replicating it to fight poverty in the state.

A statement by the Governor’s Chief Press Secretary, Rafiu Ajakaye, in Ilorin on Friday, revealed that the governor said this when he visited the headquarters of the Government Enterprise and Empowerment Programme (GEEP) in Abuja.

Ajakaye said the governor would use the platform to extend soft loans to traders and reduce mass poverty in the state.

The News Agency of Nigeria (NAN) reports that GEEP was being supervised by the Bank of Industry and one of the four sub-programmes of the National Social Investment Office (NSIO).

Governor’s aide said the visit was for AbdulRazaq to discuss partnership with GEEP handlers on how Kwarans can further access the micro loans and lift thousands of people out of poverty.

The CPS said the governor was accompanied by Mrs Maryam Uwais, former Special Adviser to the president on Social Investments.

According to him, the governor listened to details of the initiative, including the challenge of implementing it in Kwara.

“After learning the back-end processes involved, we are looking at the possibility of starting the Kwara version of Trader-Moni later this year after appropriate legislations and budgetary provisions,” Ajakaye quoted AbdulRazaq as saying.

News Agency Of Nigeria