ak22:
Which kind loan be dis #10,000 & #15,000
If you want to help please help and if you don't want to help don't help rubbish

From the OP

Under the scheme, beneficiaries can get access to a higher facility ranging from N15,000 to N50,000 when they repay N10,000 within the stipulated time period.

The goal of the Buhari Administration is to use the TraderMoni to take financial inclusion down to the grassroots, the bottom of the ladder, considering the contribution of petty traders to economic development. The Federal Government is also aware of the fact that many of the petty traders don’t have what the commercial banks require to grant them loans.

This administration is keen to ensure that such traders at that level are able to build their businesses and grow.

ak22:
Which kind loan be dis #10,000 & #15,000
If you want to help please help and if you don't want to help don't help rubbish

I don't know the reason some people brain don't function well... na *petty* trader dem ryt for there na

election strategy pol student(political science) will understand

This is where it will end, after certificate, they will tell them they never promised them loan just as they did to youwinconnect winners,stupid govt

Ok

harmbhrosz:
which kind talk be this na, less na than $50 as loan and you're even justifying it

If the government is serious about doing something they should do it right, why not give a larger some to 100,000 visionary people that will end up employing a minimum of 4 people each for their businesses, that is how to grow an economy not all this stomach infrastructure in disguise.

This people just want to keep Nigerian in poverty on purpose

Say the truth! You, just like many IPIGs here, are angry at any news that'll make Buhari look good!

kelikell:
This is where it will end, after certificate, they will tell them they never promised them loan just as they did to youwinconnect winners,stupid govt

You wish it would end there wouldn't you same way you were scammed for 16 years under PDP.

Well beneficiaries have all collected and the initiative is being expanded to other states in the federation

dotcomnamename:


What do you expect from enemies of progress. Even if the loan is 1 billion naira they will still find one or two thing to say against it. Smh.

go and sleep joor, you people support rubbish too much, if something is to be done, let it be done well, you yourself what business exactly can you grow with less than 20k?

This N10,000 is to dissuade the very gullible ones to vote in their favour come 2019 election. Nigerians please, be wise. This loan is a booby-trap.

Hahaha abeg una no gt kill man pekin with laughter

200 minus 2=198

10k to vote buhari in advance

Oluwabash:
TWO MILLION NIGERIANS TO GET COLLATERAL FREE LOANS IN BUHARI ADMINISTRATION’S NEW MICRO CREDIT FOR PETTY TRADERS

*EACH STATE, FCT TO GET MINIMUM 30,000 BENEFICIARIES

*SCHEME OPENS IN LAGOS, KANO & ABIA TO FOLLOW

*GOES ROUND COUNTRY BY YEAR END


In a determined and significant bid to further enlarge its financial inclusion agenda for all Nigerians regardless of social class and economic status, the Buhari administration has launched a new initiative under the Government Enterprise and Empowerment Programme (GEEP), called the TraderMoni, which will empower two million petty traders between now and the end of the year.

The scheme, which was launched last week in Lagos, would grant a minimum of 30,000 loans in each State of the federation and the Federal Capital Territory.

All together, the 2 million mark is expected to be attained on or before the end of this year, with petty traders in Lagos, Kano and Abia States set to be the first round of beneficiaries to draw the collateral free loans.

In addition to the 30,000 loans per State, States with larger populations like Lagos and Kano are expected to get more than 30,000 loans. Across the country, especially in the pilot states, about 500,000 potential beneficiaries have so far been enumerated.

In order to identify the beneficiaries, no less than 4,000 enumeration agents have been engaged by the Bank of Industry which is deploying the new scheme.

TraderMoni is designed to help petty traders expand their trade through the provision of collateral free loans of N10,000. The loans are repayable within a period of six months.

Under the scheme, beneficiaries can get access to a higher facility ranging from N15,000 to N50,000 when they repay N10,000 within the stipulated time period.

The goal of the Buhari Administration is to use the TraderMoni to take financial inclusion down to the grassroots, the bottom of the ladder, considering the contribution of petty traders to economic development. The Federal Government is also aware of the fact that many of the petty traders don’t have what the commercial banks require to grant them loans.

This administration is keen to ensure that such traders at that level are able to build their businesses and grow.

TraderMoni was launched last Tuesday in five markets in Lagos State, with tens of thousands beneficiaries already.

The Lagos markets already reached are Mushin, Ikotun, Agege, Ketu, and Abule Egba markets.

The scheme will soon be taken to other states in the country, with Abia and Kano states next in line.

Beneficiaries are already heaping praise on the Buhari administration for this initiative that will improve their businesses.

A trader in one of the Lagos markets, Anna Enwerem, thanked President Buhari for the initiatives. “I sell clothes. This N10,000 would do a lot for me and my children. I like this programme so much. I will pay the loan before six months’ time. Before I didn’t believe it, but now that I have received my money I believe," she said.

Similarly, Chief Mrs Mufiat Adewumi, a market women leader in Lagos, said it will help ordinary Nigerians who cannot have access to commercial banks’ credit facilities because they don’t have collateral, “We are happy about the TraderMoni because this is what we have been expecting for long, that the Government should assist the masses, especially the traders. We thank the Federal Government so much.”

Laolu Akande
Senior Special Assistant to the President on Media and Publicity,
Office of the Acting President,
12th August, 2018

Lazy govt , can't provide employment but toy loan, very disappointed

Moukandjo:


Say the truth! You, just like many IPIGs here, are angry at any news that'll make Buhari look good!

so in your own sight, you father getting a loan of 20k is what will make Buhari look good in your eyes,

Mehhhnnn I can't believe poverty has can distort some people's reasoning to this extent.

harmbhrosz:
which kind talk be this na, less na than $50 as loan and you're even justifying it

If the government is serious about doing something they should do it right, why not give a larger some to 100,000 visionary people that will end up employing a minimum of 4 people each for their businesses, that is how to grow an economy not all this stomach infrastructure in disguise.

This people just want to keep Nigerian in poverty on purpose

Oga even 100k na small money. 5milion minimum. U need to see how govt wasting money on things that are not important.

Just like MMM people wey get opportunity make them chop

harmbhrosz:
go and sleep joor, you people support rubbish too much, if something is to be done, let it be done well, you yourself what business exactly can you grow with less than 20k?

Go and ask the crayfish seller, the groundnut seller, the moi moi seller, the chin chin seller, etc.

This is called PETTY BUSINESS and this move is what is attainable in the business world.

The small businesses drive the big businesses same way you have streams emptying themselves in rivers and rivers into seas.

Even nature follows this simple method. Kill the small businesses and the big businesses die too. Encourage the small businesses and the big businesses thrive.

Stop thinking upside down

harmbhrosz:
which kind talk be this na, less na than $50 as loan and you're even justifying it

If the government is serious about doing something they should do it right, why not give a larger some to 100,000 visionary people that will end up employing a minimum of 4 people each for their businesses, that is how to grow an economy not all this stomach infrastructure in disguise.

This people just want to keep Nigerian in poverty on purpose

Many akara(beancake) sellers actually take the beans,oil etc on credit- they pay after the day sales. 10k can change lives, seriously. I just hope the disbursement will be true & fair.

ak22:
Which kind loan be dis #10,000 & #15,000
If you want to help please help and if you don't want to help don't help rubbish

Is that not what Bill Gate said that you guys were insulting the president here and there? Now they are piloting something similar and you still complain! Do you even know the meaning of cash transfer in economics? No you don't. Stick with insults - That's what suits people like you.

Aadeyinka:
Lazy govt , can't provide employment but toy loan, very disappointed

Go and create your own employment and stop being an oliver twist.

Those who became employers of labour do they have 5 heads while you have half a head?

dotcomnamename:


What do you expect from enemies of progress. Even if the loan is 1 billion naira they will still find one or two thing to say against it. Smh.

abeg go sit down. 10k na money?

tonykel1:
This N10,000 is to dissuade the very gullible ones to vote in their favour come 2019 election. Nigerians please, be wise. This loan is a booby-trap.

Aboguede:
Hahaha abeg una no gt kill man pekin with laughter

200 minus 2=198

10k to vote buhari in advance

You guys are too damn smart. No dulling unlike the zombies singing that this is nice, good development etc.
They cannot smell the coffee

Nigeria is a scam

GOD BLESS THE PRESIDENT

Teacher1776:

abeg go sit down. 10k na money?

Since its not money to you, show us a video of you flushing 10k down the toilet or setting it on fire or even giving it to someone less privileged

harmbhrosz:
so in your own sight, you father getting a loan of 20k is what will make Buhari look good in your eyes,

Mehhhnnn I can't believe poverty has can distort some people's reasoning to this extent.

Even NYSC pays 19.8k/month. What has Corps members got to show for it?

How much less 10k to a trader? NA WAAH OH

Teacher1776:

abeg go sit down. 10k na money?

Na money na.
E big pass the N5,000 APC gave in Ekiti for their operation See & Buy vote rigging.

Am I reading right? 10,000 as loan? What input can that do for a business?

This is shameful....
They said loan ehhhh?
No problem, petty traders good luck.
Put together and start a company.