Vice President Professor Yemi Osinbajo, says the MarketMoni scheme is aimed at giving artisans facilities to grow their businesses.
The Vice President made this known when he visited the Apo Mechanic Village, Abuja to sensitize the artisans about the scheme.
According to him, the programme which was designed to support artisans, would be executed by the Bank of Industry, through their associations and they would be given N50,000.00, to pay back as a revolving loan.
Vice President Osinbajo also went around the mechanic village, interacted with the artisans and encouraged them to continue their trade as government would support them.
Responding to a question by one of the artisans on how all of them would be brought into the scheme, Professor Osinbajo said it was a continuous process and those that were among the first to receive the loan, were expected to pay back promptly, since there was a bank involved in its regulation.
While expressing appreciation to the Vice President for bringing the MarketMoni Scheme to the people in the area, the Vice Chairman of the Abuja Municipal Area Council, AMAC, Lawrence Onuchukwu said there were over 40,000 people in the village and they had accepted to vote for President Buhari in 2019.
The MarketMoni scheme is a part of the Government Enterprise Empowerment Programme, GEEP, a component of the Social Investment Programme of the President Muhammadu Buhari administration.