Lagos State News
APC Using TraderMoni To Woo Voters For Buhari
Yemi Osinbajo lands in a Lagos market, flanked by Governor Akinwunmi Ambode and All Progressives Congress (APC) candidate Babajide Sanwo-Olu.
Many were screaming and hailing the VIPs, who shook hands with the ordinary folks. Cameras were flashing.
It was all for Tradermoni from which no fewer than two million traders will have benefited by next month.
The interest-free and no-collateral loan was extended to three more markets in Lagos State as Prof. Osinbajo, Ambode and Sanwo-Olu monitored the scheme.
They visited Ketu, Bariga and Oshodi markets.
In an interview with reporters after the visit to the markets, the Senior Special Assistant to the Vice President on Media, Mr Laolu Akande, said:
“The visit of the Vice-President to Lagos was to see the impact of the scheme and interact with the traders in the markets, and he assured them that the fund will be increased to capture more people.
“Our plan is that between now and December, we would have captured the two million traders.
“Already, we have handed the fund to 800, 000. We have enumerated all the two million and we know who they are.
“That does not mean that this is the end of the programme. Our plan is to achieve the two million before the end of the year and add more people to subsequent tranches,” he said.
Akande said the initiative, launched under the Government Enterprise and Empowerment Programme (GEEP) in partnership with the Bank of Industry (BOI), had assisted 1.1 million Nigerians.
According to him, over 1.1 million Nigerians — market women, traders, artisans, farmers —are currently beneficiaries of GEEP, which comprises FarmerMoni, MarketMoni and TraderMoni.
“There are over 809,000 beneficiaries under TraderMoni while the rest are beneficiaries of FarmerMoni loans and MarketMoni for farmers and Small and Medium Enterprises (SMEs) in the country.”
Executive Director BOI, Mrs Toyin Adeniji, urged beneficiaries to refund the loan within six months.
“It is not a national cake. The fund is targeted at empowering the traders.
“We expect that if they pay back, they are not only helping themselves but also the community,” she said.
The scheme is to make two million petty traders receive N10, 000 and on repayment of their loan, receive 15, 000.
On repaying the N15,000, they get N20,000, until they are able to get up to N50,000 loans.
Mon
November 6, 2018 at 3:40 AM
Criminals, giving such amount of money to a family person, with even one child will never yield anything.
Looking at the environment our people are trading is even an eyesore, instead of you people to build the necessary basic amenities you are giving 10k knowing fully well it will be lost.
I don’t know why those marketers don’t stone them.
Kunle Ilahor
November 6, 2018 at 3:58 AM
They are bunch of liars. That is what politics is all about anyways am not surprised
iron bar
November 6, 2018 at 11:03 AM
mon ,u took words out of my mouth.osinbajo whom i think should have known better based on his sound legal career and acclaimed christian background would have known that such gimmicks wont work again this time.game is over…
Keep it real
November 6, 2018 at 3:53 PM
@mon May God bless you. basic amenities is much needed around Nigeria OSIBANJO should know that better but the poisonous power in the Nigerian politics has turned him into political Yahoo Yahoo “aka 419”
Fifelomo
November 6, 2018 at 7:16 AM
Remember election is around the corner! Scammers everywhere!
Keep it real
November 6, 2018 at 3:40 PM
true true scammers all over the place even Osinbajo I held so high for his Christian background… politics is a poison in Nigeria
Biafra
November 7, 2018 at 9:27 PM
You are an *****, so what has been Christian got to do with politics?
All the tithes collected every Sunday by all these so-called thieves calling themselves pastors; do they distribute it to the poor or within themselves?
Keep it real
November 8, 2018 at 4:52 PM
either you have a problem reading and understanding or you missed your medication for whatever problem you are suffering from.. and stop answering the name Biafra because that’s my true identity..#Biafranson