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Buhari Stops Repayment Of TraderMoni, Other FG Loans For Three Months

President Muhammadu Buhari addresses Nigerians on the Federal Authorities’s preparedness in tackling the COVID-19 outbreak within the nation on March 29, 2020.

 

President Muhammadu Buhari has suspended the reimbursement of TraderMoni, MarketMoni and FarmerMoni.

Talking throughout a presidential nationwide broadcast on Sunday, the President directed that the suspension of different Federal Authorities loans be completed with rapid impact.

“I’ve directed three-month reimbursement moratorium for all TraderMoni, MarketMoni and FarmerMoni loans be applied with rapid impact.

READ ALSO: Buhari Imposes Curfew In Lagos, Ogun And Abuja

“I’ve additionally directed related moratorium be given to all Federal Authorities funded loans issued by the Financial institution of Trade, Financial institution of Agriculture and the Nigeria Export-Import Financial institution.

“For on-lending amenities utilizing capital from worldwide and multilateral growth companions, I’ve directed our growth monetary establishments to have interaction these growth companions and negotiate concessions to ease the pains of the debtors,” he stated.

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