FG begins disbursement of TraderMoni and MarketMoni – Minister of Humanitarian Affairs Disaster Management and Social Development Sadiya Farouq, at the weekend kicked off disbursement of TraderMoni and MarketMoni to beneficiaries in Kastina state to help them start-up or expand existing micro-businesses.
The Minister also delivered three trucks of rice to Katsina State as part of COVID-19 palliatives.
The palliatives, according to Farouq, is for the less privileged, vulnerable and people with disabilities, to cushion effects of the lockdown.
This is contained in a statement in Abuja on Sunday by Special Adviser to the minister on Media Salisu Dambatta.
Farouq, who was represented by Deputy Director in charge of Disaster Management Dr. Abubakar Sulaiman said 5,000 beneficiaries were approved for TraderMoni in Katsina State.
The minister explained that TraderMoni was a N10,000 loan to traders that depend on daily income, while the N5,000 MarketMoni was for providers of essential services, such as shoe-makers and vulcanisers.
She said the first phase of the Conditional Cash Transfer of N20,000 to the poor and vulnerable households in Katsina had been concluded.
“As at Friday, a total of 428,941 beneficiaries have benefited from the Conditional Cash Transfer in 24 states, with 130,455 of them from Katsina State.”