The First Lady, Senator Oluremi Tinubu, on Wednesday, flagged off the targeted expanded market – moni scheme also known as ‘iyaloja’, ‘nne ahia’ or ‘agajin yan kasuwa’ with an estimated one and a half million beneficiaries.
She also performed the symbolic presentation of cheques to beneficiaries of the market moni programme under the Federal Ministry of Humanitarian Affairs and Poverty Alleviation, which was held at the Banquet Hall of the Presidential Villa, Abuja.
In her remarks, the first lady advised those who might secure interest and collateral free loans through this programme to “Plan wisely, exercise financial discipline in managing the funds, invest strategically, be committed to repayment agreement, and be flexible to be able to navigate the dynamic business landscape.”
Senator Tinubu said the present administration was poised to support Micro, Small, and Medium Enterprises (MSMEs) in the country so as to create a ripple effect for employment generation for Nigerians.
She said such support goes a long way in serving as a lifeline to those struggling to make ends meet, while enhancing the overall well-being of individuals and families.
According to her, the transformative impact that MSMEs can have on the lives of the vulnerable ones in our society cannot be overemphasised, considering the fact that enterprises are the bedrock of our economy.
The Managing Director and CEO of JAIZ Bank, Alhaji Ahmed Hassan, pledged that the bank would partner with the federal government to ensure that the money was efficiently utilised and others benefited from it, stressing that “It is not free money to Nigerians”.
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