FG Eases Access To TraderMoni

The Senior Special Assistant to the President on Social Investment Programmes, Ahmed Isma’eel, has said that the market leaders have been empowered to take ownership of the TraderMoni programme and ensure that the process runs smoothly.

A statement said he spoke during the inaugural TraderMoni town hall meeting in Taurani market.

“The names of TraderMoni beneficiaries approved for cash out are displayed openly in the market. So no longer will hardworking traders fall prey to unscrupulous and fake agents,”he said.

Isma’eel added that with the introduction of the list, only the right people who had legitimate businesses and were operating in the market would receive the loans.

The Chief Operating Officer, Government Enterprise and Empowerment Programme, Uzoma Nwagba, said that the meetings would provide an avenue for the beneficiaries to engage directly with the different stakeholders such as officials from the implementation partner, Bank of Industry; financial institutions and partner organisations from the private sector.

“Beneficiaries would also benefit from business advisory services to guide them in the utilisation of the funds for their businesses,” he said.

Nwagba added that the process of receiving cash out of the TraderMoni loans had been simplified and became more transparent through the printing of lists of approved applicants which were vetted by the market leaders.

The Chairman, Taruani Market Traders, Sulaiman Jido, welcomed the development and pledged his support in cooperating with the officials to ensure the process was transparent.