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FG Trade moni Excites Onitsha Petty Traders

By Odogwu Emeka Odogwu

Over two (200) hundred petty traders in Onitsha main market, Anambra state were excited yesterday after they
received bank alerts of N10,000 Trader Moni of the Federal Government Enterprise and Empowerment Programme, for small businesses.

Earlier before the beneficiaries started receiving the bank alert for their N10,000 Trader Moni, some traders were threatening that they will disrupt the programme  and tell the world the Federal Government's deceit, if they were not paid.

However, when bank alerts started hitting different beneficiaries phones, the situation changed to excitement and jubilation, while those who were yet to receive their alerts were anxiously waiting and discussing with the officials of the disbursement contractor at the venue on what next to do to receive their alerts.

Speaking with newsmen in front of Onitsha Main Market Amalgamated Traders Union, OMATU, (White House), Mr. Adebowale Bakare, who is the Project Supervisor of Generating Demand Management, GDM, Group, the enrollment, activation and disbursement company, handling the project in conjunction with Bank of Industry, BOI, said they are targeting 30,000 beneficiaries from Anambra State.

He said “those who are receiving their bank alerts today for the Trader Moni, were those who enrolled a month ago when they, the people who are enrolling today will not be paid today, is only those who enrolled last month we were here, but everybody that enrolled will be paid.

“We are here today for enrollment of new beneficiaries, data activation of next set of beneficiaries and disbursement for the beneficiaries whose own enrollment has matured, the programme has been on but people are not embracing it before now.

“The traders are given N10,000 to pay back N10, 250 in six months to collect N15,000, pay back N15,375, before another six months to collect N20,000, and then pay back N21,000 to collect N50,000 and to pay back N52, 500 to collect N100.000.”      

Some of the beneficiaries, Mrs. Gladys Nwafor and Eunice Imo, both Pure water sellers thanked their Federal government for the loan, adding that it will go a long way in boasting their business, and appealed for its continuation.

Mrs. Nwafor who is from Ukwulu in Dunukofia Local Government area Anambra state said that she will use her money to enter into Garri selling to make more gain to  collect higher amount of money for more expansion in her business.

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