Just to buy their conscience you want to give them 10k. Are dey beggars? Bcoz that is the standard of living for a beggars.
This Monday morning alone I don wire more than 50k commot for my bank acount for things I need to do. This govt is just playing with our emotion and intelligent.
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
mumu, the whole country cannot be a petty trader, your stuppid logic of small businesses drive big businesses gave up your level of reasoning,
Let me lay it out to you, The small businesses don't have issues in starting up their businesses but they won't go far because most of the buyers are unemployed which means debt or low patronage will kill the business.
When big industries are everywhere and most people are employed with good pay, the said employed people will have enough money to patronise the small businesses hence the petty trade market will boom because people are working and they have enough money to buy what they want.
Butterflyle0: 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
Must everyone following Buhari and APC be a dullard? What kind of reasoning is this Chai.
NO RIGHT THINKING PERSON SHOULD ACCEPT THIS PAID AGENT THAT POST THIS MAKE-BELIEVE LIES. HE IS POSSESSED BY THE LYING SPIRIT OF BARKING DOGS AND GRUNTING FROGS THAT SWEEPS THROUGH APC PARTY TO MAKE YOU SUFFER & FRUSTRATED.
harmbhrosz: mumu, the whole country cannot be a petty trader, your stuppid logic of small businesses drive big businesses have up your level of reasoning,
Let me lay it out to you, The small businesses don't have issues in starting up their businesses but they won't go far because most of the buyers are unemployed which means debt or low patronage will kill the business.
When big industries are everywhere and most people are employed with good pay, the said employed people will have enough money to patronise the small businesses hence the petty trade market will boom because people are working and they have enough money to buy what they want.
Don’t mind all these paparazzi BMC people trying to swindle us thinking that we are all mumus. Was this how Japan, Korea, Singapore, Malaysia, China etc developed into Asian tigers
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
mumu, the whole country cannot be a petty trader, your stuppid logic of small businesses drive big businesses gave up your level of reasoning,
Let me lay it out to you, The small businesses don't have issues in starting up their businesses but they won't go far because most of the buyers are unemployed which means debt or low patronage will kill the business.
When big industries are everywhere and most people are employed with good pay, the said employed people will have enough money to patronise the small businesses hence the petty trade market will boom because people are working and they have enough money to buy what they want.
How many millions of people has pass through NYSC with 19k and how has that helped them grow?
Now who is thinking upside down? The industrious China and US became developed with petty trades right?
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
This is one of the few sensible post I have read on Nairaland lately.
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
For those who sell okra and iru(locust beans) on the road side. Ah,Nigerians has seen hell from our greedy leaders;they've so looked down on people. From this same scheme,the people in charge would still make their family and friends top priority,for #10 that some people spend on a pot of edikan ikong or afang soup in a week...
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
Must everyone following Buhari and APC be a dullard? What kind of reasoning is this Chai.
Its called having an entrepreneur spirit.
I started my business with less than 40k.
I bought a pregnant Pig with less than 40k less about 3 years ago and today I run a business that is worth over 5m
Many of you enjoy being spoonfed. Even in countries as comfortable as USA nobody spoonfeeds them, if you refuse to work, you starve or get thrown out into the streets so you see people working 3 or 4 jobs.
Don’t mind all these paparazzi BMC people trying to swindle us thinking that we are all mumus. Was this how Japan, Korea, Singapore, Malaysia, China etc developed into Asian tigers
they are just stuppidily annoying, the leaders wants to keep Nigerians poor forever and our youths are even blind to it
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
How is this different from the stomach infrastructure that they chatised Fayose for.
Just tell Nigerians that you want to dash them money and that they vote for APC in the coming elections. Useless Government, Stupid country, insane people, a recipe for failed State
I belief the money won't be collected back.. ....10,000naira or it's error.. ...I belief it's 10k.. ..Make them better go use am play bet9ja. ....Even LAPO will give them better than 10k.. ...i tire for this govt WHAT IS WORTH DOING ATALL, WORTH DOING WELL... .its better them no call ma loan
harmbhrosz: mumu, the whole country cannot be a petty trader, your stuppid logic of small businesses drive big businesses gave up your level of reasoning,
Let me lay it out to you, The small businesses don't have issues in starting up their businesses but they won't go far because most of the buyers are unemployed which means debt or low patronage will kill the business.
When big industries are everywhere and most people are employed with good pay, the said employed people will have enough money to patronise the small businesses hence the petty trade market will boom because people are working and they have enough money to buy what they want.
That is where you are wrong. MAJORITY of the people IN THE MARKETS ARE PETTY TRADERS.
Many do not have access to loans to boost their businesses due to inability to provide collateral to.match such loans.
This is a life line to so many out there. 19k repayable in 6 months and then have access to 50k. Growing a business from scratch is possible and has been done all over the world (google is your friend)
Total rubbish.... #10000.00 the kind of money fayemi used to buy vote in ekiti is now the money u wanna use inform of empowerment. Haaaha Mr Buhari Just vacate this seat for someone who has good thing to offer Nigerians.
Butterflyle0: Its called having an entrepreneur spirit.
I started my business with less than 40k.
I bought a pregnant Pig with less than 40k less about 3 years ago and today I run a business that is worth over 5m
Many of you enjoy being spoonfed. Even in countries as comfortable as USA nobody spoonfeeds them, if you refuse to work, you starve or get thrown out into the streets so you see people working 3 or 4 jobs.
Grow up and stop thinking like a child
Can you please keep your super story for your next BMC meeting? Maybe the APC zombies will buy it
