₦airaland Forum

The Federal Government Trader Moni scheme has been received with several mixed feelings, as it is with every government policy or program implemented. Some are quite positive that the scheme will doubtlessly reduce poverty at the very low level of the economic pyramid. While some believe in the value in the program, they are in doubt of the ability for it to fulfill what is on paper.
“I have no doubt that it is a positive one from the government but just like our culture is, implementation and maintenance is the challenge”, a friend said. This is understandable but you will agree with me that not taking a positive step because of the uncertainties is not a right attitude to life. Failure of fear is never an excuse not to execute a plan that has been thought out properly.
This article is not to address any of the two classes above. This post is to address the third category of people – those who believe 10,000 naira is too small to significantly make any change in anybody’s life. These people believe the entire scheme is a ploy for vote selling. My experiences with Umar and Musa should be able to make such people rethink their disposition.

Meeting Umar
One of such petty traders was 34-year-old Umar, a native of Borno state. Umar sells leather bags or Nylon in the market. In a bid to make the best sales, Umar adopted the nomadic or hawking style of selling. This tells a lot on his health as he suffers severe body and leg pains after work. However, with a wife and 4 children Umar has no choice but to go through this stress every day to make a little over 1000 naira to make ends meet.
“My pikin dey primary school for Masaka…..four pikin. My wife dey sell for Masaka….small pepper, tomato”
Do people still think 10,000 Trader Moni Loan is too small to make any change?
While many financially comfortable citizens feel 10,000 naira cannot improve any life, Umar is excited about the Trader Moni loan. He has permutated several ways the money can better his life, and his family’s.
“If I see alert ko, I fit do table and umbrella. I no go waka round market again. Or I fit give my wife….she go sell coke bah….or recharge card. When I pay back, I fit collect 15 thousand buy my umbrella and table. I no go dey buy magani (medicine) for body”
It was touching to see how a loan termed “too small” can have a positive impact on a petty trader, even down to his health.

The Story of Musa
Musa is a native of Katsina Ala who came to the city of Abuja in 2011 in search of better living. Musa, who is married with a year old son, has been able to venture into some form of petty trading. He sells food spices and other ingredients in the busy Nyanya market.
Musa’s desire is to improve his income flow and save for the education of his son in some years to come. “I dey live for karumo with my pikin and wife. The house na one room. The room e too small. I go wan get even if na still one room wey big pass this one. My pikin....I want am make e go school.” these were the words of 31 year old Musa.
However, Musa’s dreams have been far from being a reality considering the little he made from the sales of his goods that occupied just a wheelbarrow. Making between 700 and 1000 naira daily from this trade, he and his family are practically living from hand to mouth. There is no room for saving, business expansion and by extension, improved livelihood.

What Can 10,000 do for Musa?
“All my market na like 11….15 thousand naira. If I get 10,000 now, I fit buy extra market…or I go add new one like spaghetti or recharge card”. Musa expects a significant increase in his income by getting a Trader Moni loan. This increment points to greater hope for his son’s education, an invaluable asset to any nation. His business wish is to
These two new friends I made at the market was enough for me to see value in the Trader Moni scheme. It is amazing to think that Trader Moni is working to bring 2 million of such dreams of better living to reality. Trader Moni is a sub-scheme of the Government Enterprise and Empowerment Programme.

Trader money is a vote buying and breast pressing program in disguise.

All market women must get a lawyer and file a sexual assault claim on this man. Only God knows how many women's that this man has sexually assaulted using this tradermoni

no

because many privileged Nigerians can blow 3 k - 10k at a go in fast food joints, they think that's the lot of most Nigerians.

This is the level APC has reduced Nigeria to, what can 10000 do for God sake.

Those bastards made away with our N500 and no alert since o!
How can i register with 5h for trader money.

Ovamboland:
because many privileged Nigerians can blow 3 k - 10k at a go in fast food joints, they think that's the lot of most Nigerians.

Nigerians weren't this poor before, my grandmother makes half of this as profit a day before the lifeless one came but hardly could she make 500 a day now because of this lifeless Economy the lifeless one has given us

Trader-moni scheme is nothing but vote-buying by APC!!!...,the timing and the amount points to this fact.

Including one's PVC number is the catch here..With the level of poverty the average Nigerian have degenerated to in the last 3years of APC rule,folks are ready to collect whatever anyone gives them..

Like someone said yesterday,Nigerians have become so daft and stuppid from abject poverty that if APC now makes fuel 87# per litre,the Naira 180 to the dollar like it was in 2014,Nigerians will hail them as being better than GEJ/PDP admin

teeytimi:
This is the level PDP has reduced Nigeria to, what can 10000 do for God sake.

10000 can do a whole lot

teeytimi:
Nigerians weren't this poor before, my grandmother makes half of this as profit a day before the lifeless one came but hardly could she make 500 a day now because of this lifeless Economy the lifeless one has given us

I have no doubt your grandma made that much daily, she obviously wasn't one of 112 million poor living on less than a dollar daily as at 2012.

Once there's cyclical economic collapse as frequently experienced in Nigeria, many income earners get burnt as large industries based on the old economy also collapse. Their will be winners and losers, recovery comes as fast as the losers can learn the requirements of the new economy and become winners.

What we need to need to ask is which model will insulate us from fluctuating oil prices the direction we are headed now or the last one that works only at high oil prices

quickberry:
10000 can do a whole lot

the problem is most of you think politics when we are talking about economy which is absurb. For your info, if these 10ks given to 30 people was put together in one person's hand it will be more productive and might likely produce employment for some few cause it will be invested in a more productive venture rather than sharing it amongst many who might likely spend it on none productive things that means no economic benefit.

That 27 Dollars.


Poverty lives in Nigeria.

teeytimi:
the problem is most of you think politics when we are talking about economy which is absurb. For your info, if these 10ks given to 30 people was put together in one person's hand it will be more productive and might likely produce employment for some few cause it will be invested in a more productive venture rather than sharing it amongst many who might likely spend it on none productive things that means no economic benefit.

Balderdash.......go to any popular market around you and ask the traders, they will tell you more.....a sachet water seller would be so glad to have that 10k, a ponmo seller, an ewedu seller, an ugwu seller, orange seller, an akara and fried yam seller etc......go and do your research from this category of people.

mushystuff:
What is wrong with you? People are discussing the pros n cons of tradermoni scheme which concerns all Nigerians as public funds are involved and u just jump out of nowhere with ur ethnic hatred and even start insulting an entire tribe to what end really? You think d validation u seek will come from 'publicly' hating on the Igbo or any tribe for that matter?

Seun, Mynd44, Dominique please block this poster for breaking Rule 2.

You mean rule 3 or ruler 4