Home BUSINESS Bayelsa traders in frenzy mode as FG disburses ‘tradermoni’

Bayelsa traders in frenzy mode as FG disburses ‘tradermoni’

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FILE PHOTO: Traders Moni Chief, Vice President Yemi Osinbajo in market disbursing traderMoni to market women in Lagos

By Amgbare Ekaunkumo, Yenagoa

Traders in Bayelsa state were thrown into jubilation mode following federal government disbursement of 10,000 tradermoni in the state.

 

 

Daily watch gathered that, Organisers of the programme went to major markets in Yenagoa, the state capital, such as the Tombia-Etegwe roundabout and Okaka markets to disburse the funds to jubilant traders, who registered for the scheme.

 

In his remark, the Strategy and Operations Officer of the Government Enterprise and Empowerment Programme (GEEP), Mr. Taiwo Tunmobi stated that over 20,000 traders registered for the programme while more than 10,000 so far benefited from from scheme.

 

The  Strategy and Operations Officer  of the scheme noted that 10,000 traders had so far benefited from the interest free loan under the Tradermoni Empowenment Scheme (TES).

 

 

 

Mr.Taiwo appealed to the beneficiaries to make good use of the money and ensure they pay back at the stipulated time to enable government do more for them.

 

On the mode of payback, the GEEP officer said the options given to the beneficiaries were to make daily payment of N85 or N430 weekly to the tradermoni account of the federal government in any bank of their choice after two weeks of grace.

 

According to Taiwo “Those, who finish the repayment of their first loan on time stand the opportunity to receive higher amount of N15,000 and so on. The federal government has a very big plan for the empowerment of small scale enterprises.

 

“The programme is for the federal government to empower traders, artisans and it makes it easier for young entrepreneurs to grow their businesses.

 

“Of course, our targets are micro business SMEs; these are people who typically have zero access to credit. As the government helps them to grow their businesses, their families will benefit and the economy will also benefit”, he noted.

 

 

Beneficiaries who spoke to our correspondent expressed appreciation to the federal government for helping them to grow their businesses.

 

The Chairperson of Tombia-Etegwe roundabout market, Mrs. Felicia Okwodejo thanked the federal government and the organisers of the programme for making her a beneficiary, urging other beneficiaries to ensure that they pay back the money as when due.

 

 

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