Nigerians have been asking questions on the TraderMoni Scheme and doubted the viability after the 2019 elections but the undying momentum of the TraderMoni programme was further proven by the mass activation and enumeration processes which took place at both the Modern market and Wurukum market, Makurdi, Benue State. The activity which took place on the 18th, 19th and 20th of April 2019 was also proof that the compliance of the first two million beneficiaries to the repayment plan laid down was on the high.

Within these three days, thousands of petty traders and artisans in the state were activated for the next tranche of the interest-free loan which was immediately followed by the disbursement of the N15,000 to these beneficiaries.

https://www.instagram.com/p/Bwo85WwlMEv/

With the high repayment rate recorded and the increase in the number of beneficiaries who have received the next N15,000, even post general elections, TraderMoni has in itself cleared the claims of it being a political tool. Also, the success and sustainability of the programme is clear to all as close to two million petty traders and artisans have had their businesses improved by this microcredit facility.

To make repayment easier and faster, The Bank of Industry has designed convenient means for repayment of the loans. Apart from the ability to repay these loans in almost every commercial bank, the BOI recently launched the repayment scratch card which brings the beneficiaries just a dial away from repaying their loans.

At the enumeration and activation stage, an easy weekly repayment plan was drawn at N430 per week to last for 6 months. To make this more achievable, the repayment vouchers are made available at denominations of N430. Many of these beneficiaries have stuck to this plan while a significant number have also opted for the one of repayment at commercial banks.

The Government Enterprise Empowerment Scheme (GEEP) has, without doubt, made a nationwide impact among the active economy players at the bottom of the financial pyramid.

Tradermoni and marketmoni na low-key scam to siphon funds. Nigerian politicians are like magicians, they create illusions of empowerment whilst secretly emptying the national treasures into their ever empty sack.


First FTC in 2019.

That's a welcome development.. At list 15 thousand naira no be beans

Ok

Continuity to the next level

Toh

If these programmes are not eventually hijacked by politicians then the economy will be tremendously impacted on in the long run.

In addition, if the habit of prompt loan repayment could be sustained as the amount increases and truly take root among the beneficiaries, then an important goal would have been achieved, as banks will be more encouraged to give out depositors' money to these traders in future as they grow.

Hope it is not just to save face. They can give to 50 people and assume they've given to a whole state just to silence media.

Next level is guaranteed

They said it is kerosene Tradermoni would share in Abia.

I thought PDP said the trader moni was vote buying..

Guess new election is coming up in Markurdi

Buhari/Osinbajo are proving that the scheme is not vote buying and that PDP is made of miscreants

What exactly is wrong with these sets of incompetent fools?

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richard870:
What exactly is wrong with these sets of incompetent fools?

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Datazone:
Tradermoni and marketmoni na low-key scam to siphon funds. Nigerian politicians are like magicians, they create illusions of empowerment whilst secretly emptying the national treasures into their ever empty sack.


First FTC in 2019.

Every initiative is a scam to Una. Weh done


Show me the FTC na rubbish!

Using poverty as a weapon

Pigheads . Come and wail o

Lucid1:



Every initiative is a scam to Una. Weh done


Show me the FTC na

If only you're being sincere with yourself that this scheme is 100% transparent. Don't get me wrong, read my post again. They may actually give N50million to traders as it were, but look further, they've siphoned 4billion through the process. They are dealers not leaders. See through this facade. Don't read with your eyes closed

Next level rising. This is the first time in the history of Nigeria that the lowest of the lows are getting direct help straight from the top. This is a great initiative that will even aid the traders to develop a saving and diligence culture. God bless PMB/PYO. Haters can visit okija shrine for complaint.

Datazone:

If only you're being sincere with yourself that this scheme is 100% transparent. Don't get me wrong, read my post again. They may actually give N50million to traders as it were, but look further, they've siphoned 4billion through the process. They are dealers not leaders. See through this facade. Don't read with your eyes closed

So what u wrote is what one will see when he reads with eyes opened? Substantiate ur 4billion claim if u will b sincere to urself. Ur type are the ones calling "tradamoni" vote buying.

Datazone:
Tradermoni and marketmoni na low-key scam to siphon funds. Nigerian politicians are like magicians, they create illusions of empowerment whilst secretly emptying the national treasures into their ever empty sack.


First FTC in 2019.

tell your state governor to initiate that kind of program in your state or better still you can do that in your own locality

Datazone:

If only you're being sincere with yourself that this scheme is 100% transparent. Don't get me wrong, read my post again. They may actually give N50million to traders as it were, but look further, they've siphoned 4billion through the process. They are dealers not leaders. See through this facade. Don't read with your eyes closed

can you substantiate this your claim?

The people benefiting from this scheme are the agents. The pay either #7,000 or at most #8,000 and keep the rest. Calculate that in minimum of a thousand persons.

knightehis:

So what u wrote is what one will see when he reads with eyes opened? Substantiate ur 4billion claim if u will b sincere to urself. Ur type are the ones calling "tradamoni" vote buying.

Read again, I wrote "may" in the sentence. Read with your eyes open my friend. I can't substantiate it but it's already clear to Nigerians that these thieves are not what they say they are

ridbell01:
tell your state governor to initiate that kind of program in your state or better still you can do that in your own locality

When I become the president I'll do better.

Where is the short man?

Abba Kyari daughter just got appointed as VP NSCIA with salary of N27m monthly and they expect zombites here to celebrate tradermini?

Trader money has been very efficient tools to siphon public funds.