First Lady Oluremi Tinubu on Wednesday, November 22, launched the targeted Expansion of the Market-Moni Scheme, just as she performed the symbolic presentation of cheques to some of the beneficiaries of the scheme in Abuja.
Tinubu said the present administration is now poised to support Micro, Small, and Medium Enterprises (MSMEs) in the country so as to create a ripple effect for employment generation for Nigerians.
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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.
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According to the First Lady, the transformative impact that MSMEs can have on the lives of the vulnerable ones in our society cannot be overemphasized, considering the fact that enterprises are the bedrock of our economy.
She said it plays a crucial role in fostering inclusive growth and providing tangible benefits to those who need it most, especially women and persons with disability.
Buttressing her position further, Tinubu’s wife said small-scale businesses provide a platform for the economic empowerment of those with limited resources who can become self-reliant entrepreneurs when equipped with skills and a supportive environment.
She said: “It is in this regard, that the rebranding of the three components of this programme is significant. Thus, Tradermoni (now rebranded Owo Oja or Olilanya Ndi Nagbambo or Tallafin Sana’a); Farmermoni (now rebranded Owoagbe or Olilanya Ndi Oru Ugbo or Tallafin Manoma); and Marketmoni (now rebranded Iyaloja or Nne Ahia or Agajin Yan Kasuwa).
“These rebranding drums home, especially among the womenfolk including traders and farmers, a deeper understanding and actual implication of the programme in our native languages.
“As I was informed that one of the strategic components of the Federal Government’s National Social Investment Programme (NSIP) is the Rebranded and Expanded Government Enterprise and Empowerment Programme (GEEP), this Programme is expected to focus, amongst others, on offering interest and collateral-free loans to small scale entrepreneurs thereby providing financial inclusion and enabling individuals with limited resources to access much-needed capital for entrepreneurial endeavours.
“This democratization of financial resources helps break down barriers and empowers the poor to participate actively in economic activities.”
