logo-profile

OTICE

.COM

.NG


Home of Nigeria Latest News and Updated Information
tag-iconNews
tag-iconbuhari , Coronavirus , FarmerMoni , MarketMoni , TraderMoni

Buhari orders 3 months suspension of TraderMoni, MarketMoni, FarmerMoni debts - Coronavirus

user_icon Posted by:
Tiamiyu Saheed Oluwatosin
views-icon Views:
199
like-icon Page likes:
0
dislike-icon Page dislikes:
0
comments-iconComments:
0
calendar-icon Posted on: 2020-03-29 21:53:38
share-icon Share(s):
0
MUHAMMADU-BUHARI



President Muhammadu Buhari has directed a 3-months suspension of debts owed the Federal Government through the TraderMoni, MarketMoni and FarmerMoni loans.

This was part of the President’s nationwide broadcast on government’s efforts to contain the spread of Coronavirus in the country.

Buhari also directed that a similar moratorium be given to all Federal Government funded loans issued by the Bank of Industry, Bank of Agriculture and the Nigeria Export Import Bank.

The President also said that he had directed that the conditional cash transfers for the next two months be paid immediately to the vulnerable in the society.

DO YOU KNOW >>> WHO makes u-turn on Chloroquine trial - COVID-19

READ ALSO >>> Buhari’s delay in appointing ministers slowed Nigeria’s economy – CDD

He said that the Internally displaced persons will also receive two months of food rations in the coming weeks.

Buhari said, “I have directed that a three-month repayment moratorium for all TraderMoni, MarketMoni and FarmerMoni loans be implemented with immediate effect.

“I have also directed that a similar moratorium be given to all Federal Government funded loans issued by the Bank of Industry, Bank of Agriculture and the Nigeria Export Import Bank.

“For on-lending facilities using capital from international and multilateral development partners, I have directed our development financial institutions to engage these development partners and negotiate concessions to ease the pains of the borrowers.

READ ALSO >>> WHO makes u-turn on Chloroquine trial - COVID-19

READ ALSO >>>

“For the most vulnerable in our society, I have directed that the conditional cash transfers for the next two months be paid immediately. Our Internally displaced persons will also receive two months of food rations in the coming weeks.

“We also call on all Nigerian People to take personal responsibility to support those who are vulnerable within their communities, helping them with whatever they may need.

“As we all pray for the best possible outcome, we shall continue planning for all eventualities.”

READ ALSO >>> The 31-year-old driving TraderMoni, MarketMoni, FarmerMoni - Uzoma Nwagba

READ ALSO >>> Activist accuses Osinbajo of alleged electoral fraud, asks VP to apologise to Nigerian People - N10,000 tradermoni

BREAKING >>> WHO makes u-turn on Chloroquine trial - COVID-19


For All Nigeria Past Questions Visit www.QUESTION.NG

Kindly share this post on different Social Media below


COMMENTS

NOTE: User comments in this section are, as the name implies, provided by users of this website. The question.ng team is not responsible for, nor do they endorse, any of the information provided here.


NO POSTED COMMENT