There have been lots of outcry on social media about #TraderMoni, a scheme launched by the president Muhammadu Buhari administration. There were allegations that the government was using the N10,000 interest-free loans to induce voters after the scheme was in launched in Osun State lastweek.
According to the federal government, TraderMoni has been conceived since May 2016, a part of the 2-year-old Government Enterprise and Empowerment Programme (GEEP) scheme of the Federal Government. GEEP, a social intervention programme being executed by the Bank of Industry, is said to have been providing interest-free loans to petty traders and artisans across Nigeria since May 17, 2016.
Critics have said it would have been better for an administration that prides itself of being anti-corruption to wait until after the governorship election in Osun, to launch the scheme. See what some prominent Nigerians said about the scheme being launched in Osun.
The ₦10,000 tradermoni ‘loan’ to electorates in Osun and secret payment of ₦16.6 billion by the Buhari govt to Osun State government just weeks to the election (in contrast, they did not pay Ekiti) are brazen acts of high corruption by a so called anti corruption administration
— Ben Murray-Bruce (@benmurraybruce) September 9, 2018
The Federal Government either failed to be Ethically Circumspect or in fact Deliberately decided to CORRUPT the Elections in Osun by handing out Cash to Traders on the heels of the State Elections.
Such behavior after the Grand Corrupting of Voters in Ekiti is REPREHENSIBLE👎🏾
— Oby Ezekwesili (@obyezeks) September 7, 2018
Elections are around the corner and President @MBuhari has secretly paid ₦16.67 billion to Osun as well as give ₦10k tradermoni ‘loans’ to Osun voters. If you still believe Buhari and @ProfOsinbajo have integrity, you might as well believe a prostitute is a virgin! #RenosDarts
— Reno Omokri (@renoomokri) September 8, 2018
via: INFORMATION NIGERIA