Business Hilights
Tracking Nigeria's Headline Business News Online

Nigerians query why Vice President halted TraderMoni after 2019 elections

Majority of Nigerian market men and women who were left out during the nationwide tour of disbursing TraderMoni by the Vice President, Yemi Osinbajo have started asking questions.
Key amongst their questions include if sharing the money at the peak of 2019 election campaign was truly for the beneficiaries to grow their business or vote buying?; and, How can they get their own money from the VP as he does not travel state by state again to share the money in markets as before the election?; plus other questions.
However, a statement recently issued by the spokesperson of Independent Corrupt Practices and other related offences Commission (ICPC), Rasheedat Okoduwa, showed that the Bank of Industry (BoI) revealed that only about 1.8 million Nigerians benefitted from the disbursement of TraderMoni and FarmerMoni policy of the Federal Government.
The statement quoted the bank’s Managing Director, Mr. Olukayode Pitan as giving the revelation during a courtesy visit of the ICPC Chairman Prof. Bolaji Owasanoye.
Pitan also disclosed that his bank was one of the two Development Financial Institutions (DFIs) in Nigeria disbursing the money.
Recall that the disbursement of TraderMoni at selected markets nationwide by Vice President Yemi Osibanjo, peaked towards the eve of the presidential election last February.