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Town hall for TraderMoni beneficiaries begins in Kano

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The Government Enterprise and Empowerment Programme (GEEP) under the Office of Vice President, Prof. Yemi Osinbajo, on Tuesday began a series of TraderMoni town hall to provide beneficiaries of the scheme with opportunity to engage with financial institutions and acquire advisory services that will guide them in the utilisation of the funds for their businesses.

Speaking at the inaugural TraderMoni town hall meeting in Taurani market in Kano state, Chief Operating Officer, GEEP, Uzoma Nwagba, said the meetings would provide an avenue for 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.

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

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

The chairman of Taruani Market Traders, Mallam Sulaiman Musa Jido, welcomed the development and pledged his support in cooperating with officials to ensure the process is transparent. He said he will ensure his team encourage traders to avail themselves of the loan and keep up with their repayment obligations.

Described as Africa’s most impactful financial inclusion scheme in 2019 by the African Bankers Awards, TraderMoni is empowering micro-businesses across Nigeria through technology driven collateral-free and interest-free loans starting from N10,000 going up to N100,000.


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