Osinbajo Launches Social Investment Programme In Bauchi Today

Vice President Yemi Osinbajo
The Vice President, Prof. Yemi Osinbaji will visit Bauchi where he would officially launch the federal government’s Social Investment programme, Trader Moni in the state
At a press conference in Bauchi Monday, ahead of the Vice President’s visit, his Senior Technical Adviser on Communications, Dr. Ebi Awosika, disclosed that the Federal Government has introduced various enterprise and empowerment programmes which include Trader Moni, Market Moni and Farmer Moni.
She said the Trader Moni is the best of these programmes which is mainly for traders through which a trader will receive N10, 000 soft loans to boost his/her trade.
Awosika explained that Trader moni gives N10, 000 to a trader to pay back within 6 months after which they can be given another N15, 000 without collateral with upwards periodic review.
According to her, Market Moni is a programme for market traders and artisans who are poised to economically move their business forward
but have a hard time getting a loan from the bank.
“So the federal government is making it possible for them to get a loan that has no collateral and interest which they can pay back over time”, she stated.
The Farmer Moni, she disclosed, is specifically for farmers who belong to a farmers’ association who can get a repayable loan of up to N100, 000.
The Technical Adviser said so far, 500, 000 graduates across the country have been engaged under the N-Power Scheme, as well as 20, 000 non-graduates in a bid to achieve the target of reaching 100, 000 before the end of the year.
“Bauchi State has over 12, 000 graduates that are employed through the N-Power programme, out of which over 3, 000 of them are in N-Agro, over 7, 000 in N-Teach, teaching in public schools. We have almost 1, 500 graduates employed in the N-Health and 63 in N-Tax.”
She said that it is based on the concerns of participants who this year joined the N-Power programme that last for 2 years, the FG last week launched the N-Power Enhanced to allow them continue indefinitely till they get another job or move on to another level.
Awosika expressed delight that the National Home Grown School Feeding Programme has been a huge success as its initial target was to feed 5 million school children across the country when 9.3 million children are now being fed daily.
She said: “In Bauchi state, we are feeding 650, 000 school children every day. We have 8, 000 cooks employed in the state alone in this programme. In fact, if you look at the Bauchi Meat Factory, 93 cattle per week are being processed to feed the children across the state”.
“When you look at the value chains, you can see how it is supporting the variety of businesses, the transporters that are transporting the food, the farmers when you think about 9.3 million eggs, you need at least 2, 000 farms nationally, each with at least 2, 000 chickens laying about 3 eggs daily.”
The Special Adviser to the Vice President on Micro, Small and Medium Enterprises, Tola Johnson, said that the Federal Government in 2017, launched the MSME Clinic in Abia State and so far, 20 states have been reached.
According to him, Bauchi State, which is the 21st state, is very important and dear to the President and the Vice President and it has become imperative that this programme is launched in the state before the end of the year.
“This is the first state where we will be launching national MSME Clinic and the one-stop-shop. The Vice President in company of the Governor will go and see those that are doing business and look at them and ask them what issues they have with their business”.
He said for all business men and women who have challenges like NAFDAC registration, lack of equipment, exorbitant charges, registration challenges, the Vice President will give directives to government agencies concerned to address them immediately depending on what those issues are.
Johnson said that business owners will have the opportunity between October 1st and December 31st 2018, to register their businesses under
the MSME Clinic at N5, 000 so as to encourage them formalize their businesses.
The Vice President while in Bauchi, according to the aide, will also launch the North-East one-stop-shop with headquarters in Bauchi.


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