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

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

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

Evil pastor

If your pastor is evil, change your church

AGNESikpuNNU:
Evil pastor

58 billion money meant for IDP.

In my opinion, APC has successfully paid for one million votes

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

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.

see how they are sharing the money

Are you a petty trader? make dem arrange your own share

Mrjo:
see how they are sharing the money

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

There is no gurantee that all the traders who benefitted have PVC, or will vote APC , so this is no vote buying.

tempex88:
In my opinion, APC has successfully paid for one million votes

Vote buyer

Ah!!! Where in Ibadan?

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

Vote seller, so how much is your PVC?

MXrep:
Vote buyer

For your foreign rice contact
Pastor yemi osibanjo
On 080911419

I will ask my relative ...will get back soon

cute9ja:
Ah!!! Where in Ibadan?

WOW ok

deji68:
I will ask my relative ...will get back soon

Instead of the self acclaimed pastor to hide his head in shame over his involvement in shameful vote buying he is out here seeing it as an achievement


One day many people will end up in jail because of this fraud called Pocket moni

I hardly hear Buhari talk about their achievements even if all na lie

The north is super smart.
Anything money and how far they have gone, they will shift to our educated one
It's osibanjo that is left with the task of telling Nigerians what their government have done so far.
So that of push come to shove, u didn't hear it from Buhari mouth.
Everybody will hold and crucify osibanjo as we are already doing

See as illiterate dey use professor head

Kekekekeeke

Osibanjo the LOOTER

SAI BABA...


GOD BLESS AND PROTECT BUHARI..

tried in that aspect.

Onye Oshi pastor.

Get lost with your lies.

Lying pastor ...a pastor that steal and lies

That's commendable, God bless Nigeria.
There lot more opportunities all potential individuals home and abroad can key into and benefit from.

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Lie Mohammed brother....

Shame on you osinbande and your bandwagon of institutionalized corrupt crew!

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.

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

that's great! but bikonu, when will it get to my granni?