Discover and read the best of Twitter Threads about #tradermoni
Most recents (12)
#endsarsprotestsurvivors “If I didn’t have daughters, i would have killed you”On 11th October 2020, while I was busy online protesting I was unaware,my younger sis and brother,22 & 24 years respectively in Abuja bravely joined the #endsarsabujaprotest at Unity Fountain. A THREAD 
She @call_me_dos couldn’t take any video/photo of the officers because her phone was seized and smashed. I thought to share on her behalf as she even feels her story is stale but no survivor’s story is stale and so kindly read and Share ⬇️ #endsarsabujaprotest @Symply_Tacha
1. Deborah marched with my younger brother and other brave youth during the #endsarsabujaprotest at Unity Fountain
2. Ahead of them were police officers. Black & yellow strip police cars were packed at the right side of the road 3. They knelt down and chanted #endsars ⬇️
2. Ahead of them were police officers. Black & yellow strip police cars were packed at the right side of the road 3. They knelt down and chanted #endsars ⬇️
Visited @geep_ng Command Center in Abuja yest. Central Dashboard + Call Center for management of #TraderMoni #FarmerMoni #MarketMoni.
Center holds the data of the more than 4m Nigerians registered till date [2.4m beneficiaries so far]
GEEP Software 100% designed by Nigerians!
Center holds the data of the more than 4m Nigerians registered till date [2.4m beneficiaries so far]
GEEP Software 100% designed by Nigerians!
3D printed foodstuff to recreate the feel of a Nigerian market. Nah these are not real fruits/vegetables/meat. All 3D printed.
H/T @uzonwagba, Chief Operating Officer, GEEP, for the Tour.
Aisha Adamu sells local fruits at Jimeta Modern Market, Yola. She said #TraderMoni loan has helped her to expand her business. "It didn't appear to be real at first, but I confirmed it. It is very sure. I am grateful to God and @NigeriaGov for giving us this loan'', she added.
"I can now buy more corns and also charcoal because apart from roasted corn, I also sell charcoal. The money has really helped me and I am so grateful for this financial assistance that has been given to me", Maimuna Abu also said. Abu sells roasted corn at old Market, Kebbi.
Ali Ibrahim said the loan has helped him in many ways. He has been in the business of selling foodstuffs at Monday Market, Maiduguri for four years. "What I have to say to @NigeriaGov is 'thank you' and keep up the good work so that other people can benefit from it too", he added
ADDRESS BY H.E. @MBuhari , PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA ON THE #COVID19 19 PANDEMIC SUNDAY 29TH MARCH, 2020
Fellow Nigerians, From the first signs that #Coronavirus, or #COVID19 was turning into an epidemic and was officially declared a world-wide emergency, the Federal Government started planning preventive, containment and curative measures in the event the disease hits Nigeria.
The whole instruments of government are now mobilized to confront what has now become both a health emergency and an economic crisis.
Let me tell you a little bit about how Nigeria works from a perspective you have never seen and one that you may never be taught in school. The most potent means of getting visibility is competency cum discipline in what you do passionately & the other is your relationship.
This is a twin concept in any ideal situation where one can’t do without the other unless in Nigeria where competency is supplanted under the heavy force tribalism, cronyism and religious bigotry all in the name of connection Power.
But I digress to explain the common eccentricity. In ideal cases in our clime Relationship is the most potent. This differs from connection of mere acquaintance to a credible sponsor of repute but having a relationship with someone who can plead your case even in absentia.
“Firstly, @ProfOsinbajo does not personally distribute money during his visits to the markets. He goes there to assess the progress of the implementation and to create awareness for a prog designed to meet the financing need of 2m petty traders across the country" @akandeoj
“Secondly, while one will not bother to further address the issue of timing of the implementation since such issues are now known to be political posturing, it's important to note that #TraderMoni is being actively implemented across all states and the FCT." @akandeoj
“These petty traders at the bottom of the economic ladder, with an inventory of < N5k, are beneficiaries of #TraderMoni which provides N10k collateral/interest-free loans, empowerment that improves their small biz, their families, while contributing significantly to the economy"
Is #TraderMoni and #MarketMoni a vote buying scheme? Don't take my words for it, read what the COO of GEEP @uzonwagba says about it.
"First the GEEP program started in 2016, so this is our third year of operation. Our first loan registration was in May 2016. Since then we have been running the GEEP program nonstop across the country. Also we must note that it is the direct field learnings while implementing...
...#MarketMoni that led to the introduction of the #TraderMoni which started as a mobile-based loan product and kicked off in Sept 2017. The point is that GEEP didn't start in election season. Very far from it. As at Nov 2017... we had disbursed over 300,000 loans" @uzonwagba
What is this #GEEP program really about?
GEEP is a microcredit prog that provides much-needed capital to traders, artisans, farmers, petty traders. It's one of the social intervention progs of the FG and comprises of 3 products: MarketMoni, FarmerMoni, and TraderMoni. @uzonwagba
GEEP is a microcredit prog that provides much-needed capital to traders, artisans, farmers, petty traders. It's one of the social intervention progs of the FG and comprises of 3 products: MarketMoni, FarmerMoni, and TraderMoni. @uzonwagba
"GEEP was initiated in 2016 by the FG; with an understanding that there are over 30m Nigerians at the base of the pyramid who are in active commercial activity but never have an opportunity to access credit. In 2017, only 0.04% of bank loans went to this micro segment" @uzonwagba
"These hardworking Nigerians are not “interesting” to the traditional lenders: they've little to no financial track record, they've no collateral, some barely have formal identities. However, they're actively trading and in dire need of capital." - @uzonwagba
#tradermoni is a brilliant sentimental plan. It appeals to the poor and uneducated because they don't know any better. Sharing 10k to 5m people when 89m people live in extreme poverty makes no economic sense. that is 300m down the drain all in the name of poverty alleviation.
"At least this government is remembering the poor." No, they are not. They are taking advantage of their ignorance. There is nowhere in the world that poverty has been alleviated through the sharing of money as little as 28 dollars.
The poor aren't suffering from lack of 10k. They are suffering from a lack of power supply, rising prices, inadequate health care, education, etc. They are suffering from a hostile business environment which means the 10k won't even go far.
@realvictorsam Victor, because you asked respectfully, I will respond to you respectfully as well. This will be in several tweets. So don't interrupt until I finish.
Now the FG has a prog called the Govt Enterprise and Empowerment Programme (GEEP) implemented by the Bank of Industry (BOI)
Now the FG has a prog called the Govt Enterprise and Empowerment Programme (GEEP) implemented by the Bank of Industry (BOI)
@realvictorsam GEEP has two pillers. First is called #MarketMoni and the second is called #TraderMoni. MarketMoni is a scheme for soft loans to small traders ranging from N10,000 - N100,000. You decide the amount you need whether N10,000, N20,000, N50,000 or N100,000.
@realvictorsam The repayment period is for 6 months and there is 5% admin fee. No interest is charged. There is even a two weeks grace period to pay back. Once you finish paying, you can apply for a higher value or the same value. That is basically left to you.
HOW BUHARI FAILED, FIGHTING BOKO HARAM: FACTS & FIGURES
Are Nigerians less safer today from deadly insurgency than they were before change of government in 2015? Let's find out by reviewing key findings of unbiased global reports, which includes GLOBAL TERRORISM INDEX (GTI).
Are Nigerians less safer today from deadly insurgency than they were before change of government in 2015? Let's find out by reviewing key findings of unbiased global reports, which includes GLOBAL TERRORISM INDEX (GTI).
References shall include but not limited to:
1. CSIS|Patterns in Global Terrorism:1970-2016
2. Sixth Report on Violence (2016),
3. Global Terrorism Index (2012 - 2017) 4. Amnesty Int'l (1999 - 2017)
5. Open Doors (2016)
6. UN - Counter Terrorism Implementation Taskforce (2018)
1. CSIS|Patterns in Global Terrorism:1970-2016
2. Sixth Report on Violence (2016),
3. Global Terrorism Index (2012 - 2017) 4. Amnesty Int'l (1999 - 2017)
5. Open Doors (2016)
6. UN - Counter Terrorism Implementation Taskforce (2018)
Asides violence history of herdsmen referred to as Fulani Militants that has spanned more than two decades, advent of Boko haram which peaked in 2014 in Nigeria introduced grievous dimensions to insurgency, as explicitly documented by Global Terrorism Index, Sydney, Australia.
I've noticed a lot of outcry on this #TraderMoni and here is my view.
Thread!!!!!
The Trader Moni scheme is designed to help petty traders expand their trade through the provision of collateral free loans of starting with N10,000.
Thread!!!!!
The Trader Moni scheme is designed to help petty traders expand their trade through the provision of collateral free loans of starting with N10,000.
Trader Moni was launched in partnership with the Bank of Industry @BOINigeria in order to enlarge government’s “financial inclusion agenda down to the grassroots, the bottom of the ladder, considering the contribution of petty traders to economic development.
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 (6 months).
It is worthy to note that something similar to tradermoni has started in some developed countries years back
It is worthy to note that something similar to tradermoni has started in some developed countries years back
