UPDATED: Osinabjo has not suspended TraderMoni programme still ongoing - Presidency

UPDATED: Osinabjo has not suspended TraderMoni programme still ongoing - Presidency

- VP Yemi Osinbajo has reportedly halted his visits to markets across the country to promote the TraderMoni scheme

- Osinbajo began his tour in Osun in September 2018, barely three weeks to the state’s governorship election, and would go on to tour more states in the countdown to the 2019 elections

- The exercise had been allegedly described as voter inducement by members of the opposition, as well as Transparency International

-However, in a swift rebuttal, the presidency has denied the reports. A spokesperson from the presidency says the programme is still ongoing.

In a series of tweets posted by Laolu Akande, senior media assistant to the vice president, said the programme is still ongoing

Legit had earlier quoted media reports that Professor Yemi Osinbajo, Nigeria’s vice president, had halted his visits to markets across the country to promote the TraderMoni scheme.

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Legit.ng notes that the TraderMoni scheme is an initiative of the federal government to fund micro business in the country through soft loans beginning from N10, 000.

Following its launch in August 2018, Osinbajo began his tour a month later in Osun; barely three weeks to the state’s governorship election.

As a result of the timing, the exercise was immediately branded as voter inducement.

Osinbajo would later tour over 20 states in the countdown to the 2019 elections.

The vice president combined his market tour with door-to-door campaigns on some occasions, where he asked people to vote for the All Progressives Congress (APC).

The exercise had been described as voter inducement by members of the opposition, as well as Transparency International.

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Meanwhile, Legit.ng previously reported that Vice President Yemi Osinbajo again dismissed repeated insinuations suggesting the TraderMoni scheme was a form of vote buying.

Osinbajo said this through Laolu Akande, his spokesperson, in response to a statement by Odilim Enweagbara, an economist and entrepreneur, that the scheme was to curry support from Nigerians for the APC, towards the 2019 general elections.

The vice president noted that the scheme was geared towards empowering over 30 million Micro, Small and Medium Enterprises (MSMEs) with interest-free, collateral-free loans.

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Source: Legit.ng

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