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

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

 

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

Speaking during a presidential nationwide broadcast on Sunday, the President directed that the suspension of other Federal Government loans be done with immediate effect.

“I have directed that a three-month repayment moratorium for all TraderMoni, MarketMoni and FarmerMoni loans be implemented with immediate effect.

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

“I have also directed that a similar moratorium be given to all Federal Government funded loans issued by the Bank of Industry, Bank of Agriculture and the Nigeria Export-Import Bank.

“For on-lending facilities using capital from international and multilateral development partners, I have directed our development financial institutions to engage these development partners and negotiate concessions to ease the pains of the borrowers,” he said.

More to follow…

Ignatius Igwe

Disqus Comments Loading...

Recent Posts

  • Local

COVID-19: FG Suspends Work In Enugu Airport Until Further Notice

  The Federal Government has suspended work at the Akanu Ibiam International Airport, Enugu over the rising cases of coronavirus…

4 mins ago
  • Coronavirus
  • Local

Ogun Confirms New COVID-19 Case, Identifies 122 Contacts

  Ogun State government has confirmed one new case of coronavirus, bringing the total number of cases recorded so far…

6 mins ago
  • Headlines

LIVE: Presidential Task Force Gives Update On COVID-19

  The Presidential Task Force on COVID-19 is giving an update on the outbreak of coronavirus in the country. The…

29 mins ago
  • Politics

Reps To Donate Two Months’ Salary For Fight Against COVID-19

  The members of the House of Representatives have resolved to donate their two months' salary to support the fight…

56 mins ago
  • Local

IGP Tests Negative For COVID-19

  The Inspector-General of Police (IGP), Mohammed Adamu, has tested negative to Coronavirus (COVID-19). In a statement, the Force Public…

1 hour ago
  • Coronavirus
  • World News

COVID-19: Europe Sends Medical Gear To Iran In First Sanction-Bypass Deal

  European nations have delivered medical goods to Iran in the first transaction under the Instex mechanism set up to…

2 hours ago