The presidency has said Trader Moni, a scheme to provide small funds for petty traders in Nigeria, is still on, and would reach 10 million petty traders in the country.

Laolu Akande, a senior special assistant to Vice-President Yemi Osinbajo, made this disclosure late Wednesday, saying the government has continued giving the loans since the All Progressives Congress (APC) won the elections.

The presidency and the APC have been accused of buying votes under the guise of Trader Moni, and since winning the election, the scheme had been suspended.

But Akande said this is not the case, stating that 30,000 new traders have benefitted from the funds since the conclusion of the election.

“Trader Moni, the interest/collateral free N10,000 loans for petty traders is on course. Ignore reports to the contrary,” Akande said.

“In fact since after the elections, about 30,000 new loans have been given across ten states. Also since traders have started repaying, N15,000 disbursements have also commenced to petty traders in Lagos, Borno, Ogun & Oyo States.

“Recall that with Trader Moni once the initial N10,000 is repaid, the trader gets another N15,000, and then N20,000 up until about N100,000 loan.

“The Buhari administration is committed to this scheme and in the Next Level Implementation ten million Nigerian petty traders would benefit, i.e. a significant increase from the initially planned two million beneficiaries. And this is for all the 36 States and the FCT.”

The vice-president, who took the scheme to major markets across the nation before the elections, has since stopped the nationwide travel since the conclusion of the elections.

Trader Moni is an Empowerment Scheme of the Federal Government created specifically for petty traders and artisans across Nigeria.

https://all-gists..com/2019/03/Trader-Moni-Still-On-To-Reach-10-Million-Traders-Federal-Government.html?m=1

Okay.

ok

If i were Osibanjo, i will make sure i don't share these money in the south east. Let's see how their petty traders will cope without such loans since they love to hate APC.

Funny Country

Na lie jor!


Check my signature..........

#1 effect of fake news

Fake, scam , show budgetary allocation

VP must be seen physically disbursing funds.........

The plethora of contradictory news wey dey grace Nairaland Frontpage this days eh... It's appalling..



See my signature

You waited until people complained about it to give a response. This government is DEAD

but since the election no more market to market disbursement. makes us begin to wonder.

Ejimagifty:
If i were Osibanjo, i will make sure i don't share these money in the south east. Let's see how their petty traders will cope without such loans since they love to hate APC.

Mumu

Nobody is saying its not on but why is the errand boy not going around the market to disburse it any longer?

Wailers it is time to Wail

OK ooo

Yes, it is.

ok

Ok

something you guys have suspended! all for the polity

Very Good

How were these new 30,000 trader's given �? Inside the villa I guess. How many have repaid and gotten a higher amount. Keep fooling yourself. You did vote buying and stopped when mission was accomplished.

Osinbajo where is my own trader's money

Then send Osibaba to continue.

Naso

Ejimagifty:
If i were Osibanjo, i will make sure i don't share these money in the south east. Let's see how their petty traders will cope without such loans since they love to hate APC.

One big Stout for diz man

There is a serious poverty looming in the four corners of this country presently. Nigerians have courageously voted Pre Buhari with empty stomach in the last election. The N10k trader money alone cannot solve the crisis in nigeria and neither can it build majority middle class target among citizens. I am sure that almost 80% poor citizens can sufficiently vote out APC if nothing tangible is done in next 4 yrs about Nigerian economic situation.

Nigeria is heading to the Next Level.

Criminals and touts can spending the rest of their lives in Court.