Published 2 hours ago on January 29, 2019 By Kingsley Alu

The Bank of Industry (BoI), has disclosed that under its Trader Moni scheme, it has recorded 1.2million new entrants into the formal financial system as new operators of bank accounts or mobile wallets . The bank said it has so far, disbursed loans totalling N12billion to the 1.2 million beneficiaries of the Government Enterprise and Empowerment Programme(GEEP).

Executive director , Micro Enterprises , Bank of Industry ( BoI) , Mrs Toyin Adeniji, at a briefing in Abuja, explained that since the launch of the GEEP programme in 2016, it has recorded major strides in areas of access to finance as today, 1.5million Nigerians had received capital that was hitherto unavailable to them before now, stressing that these loans cover 2,600 markets and clusters across the 36 states of the country and FCT with over 4000 agents on ground .

Commenting on loans repayment, she said the bank has set up a robust infrastructure to enable repayments and recovery of loans, adding that , “GEEP loans can be repaid by walking into commercial banks and paying. over the counter, paying at local agents of our aggregators or our mobile representatives and by purchasing of GEEP vouchers in your marketplace and recharging your loans account just like a telco recharge card.

Adeniyi however confirmed that the bank had also seen a high uptake in repayment since it commenced a push and provided a wide array of options for loans repayment. While further revealing that about 53 per cent of GEEP beneficiaries were women, while 46 per cent of other beneficiaries were below the age of 35,Adeniyi explained that the bank decided not to go through market leaders in the disbursement of the loans in order to ensure that anyone qualified got the loan and at the same time, remove layers of distortions and bureaucracies in the whole process

https://leadership.ng/2019/01/29/trader-moni-boosts-financial-inclusion-with-1-2m-new-account-holders/?fbclid=IwAR1KMkJ4HgVuFa9aqhVvOmhfpQaeyMFz2OFStPfGKw2DdWWQPXBqLK7nSBQ

ole things... rigging

Zombie News, believe this and I will sell you my MMM

Think Nigerians

A people most times deserve their leaders...


#Uprising

GIVE ME ANOTHER EXAMPLE OF A FAILED STATE IF NOT THIS.....
President Buhari has been the most incompetent President Nigeria has had; both in 1983-1985 and now. Both times, the country went into recession.
Not one Ministry has seen infrastructural development under him. That’s not true.
They are building rail lines. Fantastic!!!!! But, we have to reduce the speed of those trains, so we don’t kill cows!
His Minister of Environment resigned this week and 90% of the population didn’t even know we had such a Minister!
ASUU has been on strike for 6 weeks, no one has heard from Minister of Education, Adamu Adamu.
Minister Fashola finally gave up on power and told us to hold the businessmen in charge of DISCOs responsible for lack of power. Meanwhile, government is still in charge of Generation of power.
Minister of Interior is only known to declare public holidays.
We don’t even know his name. (RTD Lt-Gen Abdulrahman Bello Danbazau).
Name a working Ministry in the Buhari government.
Is it ICT, whose Minister Adebayo Shittu, boasted that he didn’t do NYSC because NYSC didn’t come to call him in his house?
Is it Sports, whose Minister Solomon Dalung, “spended” his entire Ministry’s budget; gets to the US with his entourage, while the Super Eagles are stuck in Camp, because no one paid for their air fares?
Is it Agriculture, whose Minister Audu Ogbeh, former Chairman of the PDP, told us to import Brazilian grass to feed cattle so herdsmen will stop killing humans for their farm produce?
Ogbeh also declared a fanfare to export yams to the US.
The yams were finally returned 4 months later, spoiled, because of lack of conditioned containers.
In 2018, Ogbeh told us we had so much rice for export, our problem was lack of bags to package them. Then the rains came and Ogbeh told us we may starve, as flooding was affecting rice farms across the country.
So, all the rice we wanted to start exporting, we didn't even have storage for them?
Is it foreign affairs, whose Minister Geoffrey Onyeama, couldn't send a delegate, to the burial of over 100 Nigerian teenage girls sexually molested and killed on a Russian war ship? He wasn't aware!
What of xenophobia in South Africa, a Nigerian is killed every other week in South Africa! Nigerians trying to escape through Libya? We see them only on foreign media.
Is it Information, whose Minister, Lai Mohammed, hasn't disclosed to the tax payers what ails our President, who we are paying for his medical tourism, but remembers to tell us the President can no longer speak his native tongue because of a brain surgery he had in London in 2017? Adding fuel to the fire of the Jubril from Sudan rumours.
Our information Minister who told us that El Zakzaki is being fed with N3.5 million monthly rather than be released on bail, as instructed by the courts!
He reacts to rumours rather than provide information. Nigerians have renamed him Lie Mohammed.
One wonders if the Buhari cabinet are for him or against him? But he’s found no need to reshuffle them. If it took him 6 months to find this crop, he definitely doesn't have another 6 months to find replacements.
So, what exactly does a Buharist extol in him?
Buhari said fuel subsidy was a scam. He removed it, made petrol N145 yet still paying subsidy. Why is he paying for a scam?
He hasn't obeyed court orders when it doesn't suit him, but wants Nigerians to be law abiding.
When asked for achievements, his aides steal file pictures from the Internet to deceive gullible followers. But their lies always get exposed because in their archaic minds, they don’t know you can search the source of all pictures on-line.
Their funds for feeding children in schools is more than the entire budget for the Education ministry. But we see pictures of children being fed noodles without egg or meat in nylons.
They are sharing Tradermoni in markets to help poor traders. But after the N10k vote buying gift, will the poor trader come to them for help when she falls ill and cannot afford drugs nor quality health care?
Will her children who are out of school, ever get out of poverty without quality education?
Will her business still not need help from her neighbours tomorrow, in an environment that kills businesses fast?
Rather than build infrastructure; schools, hospitals, roads, power, housing; that every poor trader can take advantage of to get out of poverty in the future (at least for their children), the Buhari Government shares N10k that perpetuates poverty because it can’t make a poor trader rich! Not in 100 years, not with the harsh economic realities of Nigeria today!
Nigeria: who has bewitched you?
A government that has no solutions than to keep blaming the PDP.
APC was formed with PDP members. That’s the only way they won 2015 elections.
People wanted a change from the old politicians. They formed a NEW party and started blaming their old party for the same problems people voted them in to solve!
Their Manifesto was hinged on Security, anti-corruption and economic growth!
Rather than kill Boko Haram, Fulani herdsmen joined the league of terrorists!
Rather than kill corruption, President Buhari praised Gov Ganduje (Gandollar), a Governor caught on tape receiving kick-back from contractors in Dollars.
Babachir Lawal is still a free man. Indicted for cutting grass with N200m in IDP Camps. The victims of Insurgency being used as meal tickets, by a man from the President’s kitchen cabinet!
What of Maina of the infamous Mainagate? He was re-instated by President Buhari.
What of the economy? Let’s overlook that the Minister had a forged NYSC certificate.
Dollar moved from N197 officially to N350 in 2 years.
We went into recession and are on the brink of it again!
We moved from 10.5 million out of school children to 13.2million. The Buhari administration said that is 2015 data, they haven’t done any research in 3 years.
So, how do they know how many children they want to put in schools, if they haven’t counted in all the time they have been in government?
The figures may have even gone higher as over 10 million adults have lost their jobs in th e last 3 years of this administration.
Most companies had no choice but to cut down on labour force as the recession hit hard.
The ones still employed, had salary slashes.
What has a Nigerian enjoyed in the Buhari Government that will make any one want to vote him in again?
Buhari’s children graduated recently from UK schools. He travels for medical tourism.
That’s the number one civil servant, paid by our collective wealth!
How will anything change in the health and education ministries, when our President patronizes foreign governments’ competencies?
Why should I vote President Buhari in 2019? What can he do in the next 4 years that he has laid a good foundation for already?
Please convince me.

haconjy:
ole things... rigging

You’re in Cifia pains

TALE OF TWO VICE PRESIDENTIAL CANDIDATES at the Market!!

True, honest and hardworking Nigerians KNOW who they want OBVIOUSLY!

A picture speaks more than a thousand words!

Lets know where we are heading... Like for *ATIKU*
Share for *BUHARI*

Good news

Na so so how millions of job was lost we have been reading before.. Funniest part, those people complaining never lost one. But they know friend of friends, relatives, colleagues.

We are moving in the right directions jare

Wawooo

Stupid government buying votes.
Foolish people
He'll still lose
I pity apc when they lose. Lol

Why won't it be so... After all your BVN and bank account number is the only channel to access the loan

Account opened with N10k and withdrawn down to N1k.

In six months time, all are dormant accounts.

Rubbish.

Jonathan:

You’re in Cifia pains

You can never have sense

[sup][/sup]

Foolish Biafrans with more foolish comments
For the idiots that will query what as this got to do with Biafrans pls understand they alone stink with chronic irredeemable hate and bigotry.

Na Biafrans Ikwerre Fulani Hausa Yoruba South Africans Malaysian Chinese Indians Arabs n many others de hate for no reason.

[s]

cucumbae:
GIVE ME ANOTHER EXAMPLE OF A FAILED STATE IF NOT THIS.....
President Buhari has been the most incompetent President Nigeria has had; both in 1983-1985 and now. Both times, the country went into recession.
Not one Ministry has seen infrastructural development under him. That’s not true.
They are building rail lines. Fantastic!!!!! But, we have to reduce the speed of those trains, so we don’t kill cows!
His Minister of Environment resigned this week and 90% of the population didn’t even know we had such a Minister!
ASUU has been on strike for 6 weeks, no one has heard from Minister of Education, Adamu Adamu.
Minister Fashola finally gave up on power and told us to hold the businessmen in charge of DISCOs responsible for lack of power. Meanwhile, government is still in charge of Generation of power.
Minister of Interior is only known to declare public holidays.
We don’t even know his name. (RTD Lt-Gen Abdulrahman Bello Danbazau).
Name a working Ministry in the Buhari government.
Is it ICT, whose Minister Adebayo Shittu, boasted that he didn’t do NYSC because NYSC didn’t come to call him in his house?
Is it Sports, whose Minister Solomon Dalung, “spended” his entire Ministry’s budget; gets to the US with his entourage, while the Super Eagles are stuck in Camp, because no one paid for their air fares?
Is it Agriculture, whose Minister Audu Ogbeh, former Chairman of the PDP, told us to import Brazilian grass to feed cattle so herdsmen will stop killing humans for their farm produce?
Ogbeh also declared a fanfare to export yams to the US.
The yams were finally returned 4 months later, spoiled, because of lack of conditioned containers.
In 2018, Ogbeh told us we had so much rice for export, our problem was lack of bags to package them. Then the rains came and Ogbeh told us we may starve, as flooding was affecting rice farms across the country.
So, all the rice we wanted to start exporting, we didn't even have storage for them?
Is it foreign affairs, whose Minister Geoffrey Onyeama, couldn't send a delegate, to the burial of over 100 Nigerian teenage girls sexually molested and killed on a Russian war ship? He wasn't aware!
What of xenophobia in South Africa, a Nigerian is killed every other week in South Africa! Nigerians trying to escape through Libya? We see them only on foreign media.
Is it Information, whose Minister, Lai Mohammed, hasn't disclosed to the tax payers what ails our President, who we are paying for his medical tourism, but remembers to tell us the President can no longer speak his native tongue because of a brain surgery he had in London in 2017? Adding fuel to the fire of the Jubril from Sudan rumours.
Our information Minister who told us that El Zakzaki is being fed with N3.5 million monthly rather than be released on bail, as instructed by the courts!
He reacts to rumours rather than provide information. Nigerians have renamed him Lie Mohammed.
One wonders if the Buhari cabinet are for him or against him? But he’s found no need to reshuffle them. If it took him 6 months to find this crop, he definitely doesn't have another 6 months to find replacements.
So, what exactly does a Buharist extol in him?
Buhari said fuel subsidy was a scam. He removed it, made petrol N145 yet still paying subsidy. Why is he paying for a scam?
He hasn't obeyed court orders when it doesn't suit him, but wants Nigerians to be law abiding.
When asked for achievements, his aides steal file pictures from the Internet to deceive gullible followers. But their lies always get exposed because in their archaic minds, they don’t know you can search the source of all pictures on-line.
Their funds for feeding children in schools is more than the entire budget for the Education ministry. But we see pictures of children being fed noodles without egg or meat in nylons.
They are sharing Tradermoni in markets to help poor traders. But after the N10k vote buying gift, will the poor trader come to them for help when she falls ill and cannot afford drugs nor quality health care?
Will her children who are out of school, ever get out of poverty without quality education?
Will her business still not need help from her neighbours tomorrow, in an environment that kills businesses fast?
Rather than build infrastructure; schools, hospitals, roads, power, housing; that every poor trader can take advantage of to get out of poverty in the future (at least for their children), the Buhari Government shares N10k that perpetuates poverty because it can’t make a poor trader rich! Not in 100 years, not with the harsh economic realities of Nigeria today!
Nigeria: who has bewitched you?
A government that has no solutions than to keep blaming the PDP.
APC was formed with PDP members. That’s the only way they won 2015 elections.
People wanted a change from the old politicians. They formed a NEW party and started blaming their old party for the same problems people voted them in to solve!
Their Manifesto was hinged on Security, anti-corruption and economic growth!
Rather than kill Boko Haram, Fulani herdsmen joined the league of terrorists!
Rather than kill corruption, President Buhari praised Gov Ganduje (Gandollar), a Governor caught on tape receiving kick-back from contractors in Dollars.
Babachir Lawal is still a free man. Indicted for cutting grass with N200m in IDP Camps. The victims of Insurgency being used as meal tickets, by a man from the President’s kitchen cabinet!
What of Maina of the infamous Mainagate? He was re-instated by President Buhari.
What of the economy? Let’s overlook that the Minister had a forged NYSC certificate.
Dollar moved from N197 officially to N350 in 2 years.
We went into recession and are on the brink of it again!
We moved from 10.5 million out of school children to 13.2million. The Buhari administration said that is 2015 data, they haven’t done any research in 3 years.
So, how do they know how many children they want to put in schools, if they haven’t counted in all the time they have been in government?
The figures may have even gone higher as over 10 million adults have lost their jobs in th e last 3 years of this administration.
Most companies had no choice but to cut down on labour force as the recession hit hard.
The ones still employed, had salary slashes.
What has a Nigerian enjoyed in the Buhari Government that will make any one want to vote him in again?
Buhari’s children graduated recently from UK schools. He travels for medical tourism.
That’s the number one civil servant, paid by our collective wealth!
How will anything change in the health and education ministries, when our President patronizes foreign governments’ competencies?
Why should I vote President Buhari in 2019? What can he do in the next 4 years that he has laid a good foundation for already?
Please convince me.

[/s]

With each account holder having 10k in their account?

If indeed 1.2 million accounts have been created, then why give them raw cash?

Why would the V.P need to fly all over with a jet, just to end up giving out 10k cash, whereas they could simply have direct deposited said monies straight into their account?

Is it because the whole tradermoni thing needs a face? An APC face?

The cost of fuel for the jet Osibanjo would use to move from state to state would probably cost around $4,000 per hour, since it's not like he would be flying commercial or using a small kpelenge plane.

So you fly for 4 hours a day to different states, that's already about $12,000 spent in ONE DAY for osibanjo to go around to give 10k.

Giving out #10,000 to lift someone out of poverty without any proper financial trainings amounts to wastage of resources.

Wow, amazing

Very very amazing. I know the quacks here and the nonprofessionals will not understand since their Oga Saraki and Atiku has bad mouthed the scheme.
God bless Prof Yemi Osinbanjo
God bless PMB
4+4 issa goal

Shampoo77:
Giving out #10,000 to lift someone out of poverty without any proper financial trainings amounts to wastage of resources.

But giving billions to Ben Bruce wherein he later files for bankruptcy is good thinking, not so?

PL

1.2m votes bought.

Osinbajo o se o