Yemi Osinbajo, Nigeria’s Vice President, has again denies the claim that the Trader Moni scheme was not for vote buying, but to empower over 30 million Micro-, Small- and Medium- Enterprises (MSMEs) with interest-free, collateral-free loans.
The Vice President said
this through Laolu Akande, his spokesperson, in response to Odilim
Enweagbara, an economist and entrepreneur, who insisted the scheme was
to curry support for the 2019 general election.
Enweagbara had
stressed that the scheme investigated and disbursements audited to
expose perceived plundering of the public tilt by the ruling party under
the guise of empowerment.
Enweagbara said: “That fraud called
Trader Moni must be independently investigated. Trader Moni was the
newest form of vote buying and inducement of voters to vote for APC.
That was why it was done a few months to the 2019 general election and
has since been stopped because the objective has since been achieved.”
However,
the Vice President said: “The Trader Moni scheme is one of the
Government, Enterprise and Empowerment Programme (GEEP) micro-credit
products.
“MarketMoni and FarmerMoni are still very much in
operation. We have a target of 30,000 minimum beneficiaries per state,
and we have achieved this in majority of the 36 states and Federal
Capital Territory (FCT). What the team has been doing is generating the
balance of programme funding and ramping up on the states where we have a
shortage.”
Source:- Saharareporters
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