Africa Business News

Nigerian Government to Restart Interest-free Loan Scheme for Traders

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The Federal Government will restart the Tradermoni scheme in November with each beneficiary getting N50,000 to support their business. The Minister of Humanitarian Affairs and Poverty Alleviation Mrs Betta Edu says the government is set to relaunch it while the interest-free loan scheme for traders has been on hold for some time. She says it is a one-off interest-free loan with those who repay qualifying for another loan.