Its Our National Cake! Trader Moni Beneficiaries Have Refused To Pay Back Loans - FG Reveals

Date: 10-09-2020 3:26 pm (3 years ago) | Author: kacy lee
- at 10-09-2020 03:26 PM (3 years ago)
Online (f)

Beneficiaries of ‘Trader Moni‘ have refused to pay back the loans given to them by the Federal Government, insisting that it is their own share of ‘national cake’.

Kwara State Focal Person for the National Social Investment Programme (NSIP), Hajia Bashirah Abdulrazaq-Sanusi, stated this on Wednesday, while giving update on the programme initiated by the FG to reduce poverty in Nigeria.

Abdulrazaq-Sanusi said that about 10,000 people benefitted from “Trader Moni” programme in the state with over N1.3bn disbursed to them. But the beneficiaries were not willing to repay the loan.

“Poor masses are not ready to repay the loan after collection because of the attitude of Nigerians to anything from the government, thinking it is national cake.

“Also, those that disbursed the money do not have records of beneficiaries like phone numbers and addresses, thus, making it difficult to track them for repayment,”
Abdulrazaq-Sanusi said.

She said that the programme was designed to provide soft loans to boost small scale businesses in the markets and was flagged off by Vice-President Yemi Osinbajo in 2019.

Abdulrazaq-Sanusi further explained that the initiative is meant to support women with N10,000 as soft loans to be paid back, after which they would enjoy the next stage of N50,000


Posted: at 10-09-2020 03:26 PM (3 years ago) | Addicted Hero
- olowoinlionsden at 10-09-2020 04:10 PM (3 years ago)
(m)
What a Country. So much resources had been allocated to the South South; the same indigenes of the place who were trysted to use the Resources on behalf of their own kinsmen, cornered the Resources. Some Nigeriuans who were expected to make returns in the Trader Money, so that more people can benefit from the Scheme are now saying it is their own share of the National Cake. Nigerians should now be ashamed of themselves foir blaming this Government. Somehow, one may blame this on what happened during the Military Era when IBB and Abacha were bribing Officers and Men in the name of IBB and Abacha Welfare Scheme, instead of calling it IabB and Abacha Bribes.
Posted: at 10-09-2020 04:10 PM (3 years ago) | Gistmaniac
Reply
- KOSHIMANA at 10-09-2020 04:33 PM (3 years ago)
(m)
Imagine FG giving loan of 10k to its citizens.abeg wetin u wan do with 10k?
Posted: at 10-09-2020 04:33 PM (3 years ago) | Upcoming
Reply
- KDoinspire at 10-09-2020 05:09 PM (3 years ago)
Online (m)
Quote from: KOSHIMANA on 10-09-2020 04:33 PM
Imagine FG giving loan of 10k to its citizens.abeg wetin u wan do with 10k?
my brother , if you ask me , who will I ask
Posted: at 10-09-2020 05:09 PM (3 years ago) | Upcoming
Reply

fire TRENDING GISTS fire

TODAY'S TOP
  1. Kidnappers Sleep Off After Abducting Pastor’s Wife In Ondo

  2. Ekiti Police Arrests Man Who Specializes In Stealing Phones During Church Service

  3. Man, Babalola Dolapo Daniel Kills His Cousin & Friend, Sells Body Parts To Ritualists In Ondo

  4. Joyous Celebration As Nigerian Couple Welcomes Twins After 11-Year Wait (Video)

  5. Ondo State Police Arrest Man, Adesina Adetokunbo Posing As Assassin In Extortion Scheme

  6. NDLEA Intercepts Massive Drug Shipment Concealed In Gas Tanker and Suitcases (Video)

  7. Edo State Police Recapture Prisoner, Jacob Alonge Who Escaped From Jail During #EndSARS Protest

  8. Stop Fooling Around & Act Your Age - Adekunle Gold Replies Samklef After he Called Out Simi

  9. Bandit Attack Claims Three Lives In Benue Farming Community

  10. Married Man Dies in Hotel Room After Marathon S3x Romp With a Married Woman in Akure


THIS WEEK
  1. Following CBN Directive, OPay, Palmpay, Others Clamps Down On Crypto

  2. Ipswich Town Promoted to The Premier League After 22 Years

  3. Houseboy - Angela Okorie Fires Back At Mercy Johnson's Husband After His Post on 'Mad People'

  4. Wofai Fada’s In-laws Release Public Statement Debunking Reports Of Her Marriage To Their Son

  5. Wofai Fada Defies In-Laws, Ties The Knot With Taiwo Cole In Traditional Ceremony (Photos & Vid)

  6. Peter Obi Alleges Govt Agencies Conducting Smear Campaigns, Town Hall Meetings Against Him

  7. Security Forces Kill IPOB/ESN IED Specialist In Imo State

  8. Northern Leaders Kick Against The Relocation of US, France Military Base to Nigeria

  9. Billionaire's Daughter, DJ Cuppy Shares Wedding Bliss & Dreams Of Her Own Love Story

  10. Drama In Club As Sam Larry Gets Confronted By A Club Guest Over Mohbad’s Death (Video)


TOP MEMBERS: