Friday, 29th March 2024
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Onitsha market traders get TraderMoni

It was excitement yesterday at the Onitsha Main Market as over 200 petty traders received TraderMoni N10,000 bank alerts of the Federal Government Enterprise and Empowerment Programme for small businesses. Earlier before the beneficiaries started receiving the bank alert, some traders were threatening to disrupt the programme and tell the world the Federal Government’s deceit if…

It was excitement yesterday at the Onitsha Main Market as over 200 petty traders received TraderMoni N10,000 bank alerts of the Federal Government Enterprise and Empowerment Programme for small businesses.

Earlier before the beneficiaries started receiving the bank alert, some traders were threatening to disrupt the programme and tell the world the Federal Government’s deceit if they were not paid. However, when bank alerts starting hitting different beneficiaries’ phones, the situation changed to excitement and jubilation, while those who were yet to receive theirs were anxiously waiting and discussing with the officials on what next to do to receive their alerts.

Speaking 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.

He said: “Those who are receiving their bank alerts were those who enrolled a month ago while those who are enrolling today will be paid at a later date, but everybody that enrolled will be paid. 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 receive N100.000.”     

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