Abeyjide:


is interest free loan and when they paid back, they will increase the amount that will be given to them.

deji68:
in ibadan there were only given 5000 Naira ...... i hope the balance of 5000 is still intact

humandroid:
That is nice, if the money actually gets to the 1 million people.

It should be an institutionalized welfare package and not a loan.

humandroid:

Story.

humandroid:
That is nice, if the money actually gets to the 1 million people.

It should be an institutionalized welfare package and not a loan.

mixter:

That's the key word there, Institutionalized Welfare Package. One question comes to mind, What kind of good business can #10,000 do, that will enable them pay back. The word loan is an insult .

cute9ja:
Hmmm i agree with you, but we need to start from somewhere.

blackgold90:


It is a fraud to win elections that is vote buying

humandroid:


The money cant cook a pot of vegetable soup. That Professor Osinbanjor needs to be examined if he actually went to school. He knows the money can not buy his shoes.

Abeyjide:
l

knew of someone that collected 10k at gate in ibadan.

humandroid:


As long as the people get the cash, let them vote for who ever they like. I just want that money not to be refunded, it is their little share of the common wealth.

mixter:

Sharing common wealth in such manner is not the way forward. Yes, people need to get their own cut abi? Like you stated earlier, what can 10k do? I still repeat and reiterate that there are better ways of utilizing such money .

blackgold90:


It is a fraud to win elections that is vote buying

You are pained the people are benefiting from government.

Abeyjide:


is interest free loan and when they paid back, they will increase the amount that will be given to them.

cute9ja:
Vice President Yemi Osinbajo has said that no fewer than one million traders have already benefited from the TraderMoni Scheme of the Federal Government.

“The first phase of the TraderMoni was targeted at two million petty traders across the country, but over a million have today benefited from the scheme,” the News Agency of Nigeria quoted Osinbajo as saying.

Osinbajo was in Bodija and Oje markets in Ibadan, Oyo State capital, on Thursday, during which he introduced the TraderMoni Scheme of the Federal Government to the traders.

He was accompanied by Oyo State Governor, Abiola Ajimobi, alongside other government officials.





According to the Federal Government, the TraderMoni is a collateral-free loan that ranges from N10,000 to N50,000, depending on how well the borrowers are able to make repayments.

All petty traders and artisans in Nigeria are eligible to access the loan, government said.

Osinbajo said, “We have observed that nobody wants to give these traders credit because lenders believe they won’t pay back.

“The market traders represented the most significant percentage of those who engage in commercial activities.

“Both the TraderMoni and the MarketMoni schemes seeks to address that large population or persons involved in commercial activities who usually don’t have access to credit.”

Some of the traders, who spoke to NAN at the markets, lauded the initiative of the Federal Government.

The Babaloja of Oje market, Mr. Saliu Delesolu, lauded the Federal Government for initiating the programme, saying it would enhance petty trading.

“This is the first time a government in this country will be extending credit facility to petty traders. We appreciate this and thank President Muhammadu Buhari for this.

“We assure our members that the money would go round. Not everybody could benefit from it at once but we have been assured that the programme will be institutionalised,” he said.

A petty trader, Mrs. Olajumoke Ajao, also corroborated Delesolu’s claim, saying the government must be commended for the gesture.

SOURCE - http://www.nigerianeye.com/2018/11/at-least-one-million-traders-have.html

tomdon:
Idiot people. Handing out peanuts to people they're supposed to be improving their lives. All in a bid to syphon public funds.
He owns houses in vgc and Abuja. Maybe he bought it with 50,000 naira
What about using all that money for creating enabling environment for those market women and all Nigerians. That will trickle down to the petty trader

humandroid:


I do not encourage any of those poor women to return that money. The FG needs to institutionalize it and make it a monthly recurring payment to those women and older men in the villages. Make it a social security package with annual budgetary allocation.
It is the least we can do.

djon78:


Trademoni is a socialist scheme
There is no iota of economic value it adds to the economy.
Why didn't they use this money on 10 000 to 50 000 SMES

Socialist policies just give feeding money to ordinary people to chop daily food.
Maximum in less than 2 weeks it is back to square one

If they have wanted, to cater to the poor, they should have copied what Mohammed Younis did with Graemean bank in Bangladesh which gave finance to the poorest in the country.
It added economic value to millions and he won Noble Peace prize with it due to its impact.

mixter:

In Timaya's voice, I concur . Well said, that's a step in the right direction .Definitely , it shouldn't be returned, if they can be so daft enough to be giving people 10k. I wonder whether people don't reason again. On rare occasions do you see a deputy not agreeing to the ideas of the boss and you see the deputy resigning in Nigeria. Defence minister of Israel resigned because he didn't agree with Netanyahu's agreement of the cease fire with Gaza. My guy resigned . Now, I wonder why the VP cannot resign due to the fact that he doesn't agree with the ideas of his boss (Buhari), afterall, he is a learned man and he knows deep down that this not the way to go.

See your environment


And you have the audacity to suggest the monies are small and shouldn't be returned.