The Federal Government Sets To Launch IYALOJA Scheme For Pretty Traders Next Month, November 2023, As Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu Begins Market Sensitization and Engagement.
This program has the target of reaching at least 1.5 million Nigerians Nationalwide. Newly christened “The l1YALOJA Market Fund”, the non-interest loan of N50,000 would be given to phase 1 of market traders, selected from 109 markets across every Senatorial zone in Nigeria. The process of sensitization and enrolment is ahead of the flag-off, Next month.
This IYALOJA Scheme look similar to the GEEP Loan scheme of former Administration where people are given Marketmoni, Farmermonie and Tradermoni loan of N50,000 to N100,000
According to information available, some major markets across the Country have been selected for registration and capturing of traders by Nassco enumerate. Traders will be captured where the run their business and a savings account will be open for him, and the N50,000 free interest loan money will be sent directly from CBN to his Savings account 50k
The video clip below shows the Minister outing on the sensitization of market women:
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