By Victoria Oyeyemi, Yewande Adeyemi, Mariam Quadri & Sunday Ujal
The Senior Special Assistant to Ondo State Governor on Social Intervention, Mr Felix Alonge has refuted the allegation that Tradermoni is not vote buying, saying this while speaking with The Hope at Oja Oba market in Akure prior to the Vice President, Prof. Yemi Osinbajo’s visit to the state.
Alonge, in company of the Special Adviser to the Governor on Public and Inter Governmental Affairs, Mrs. Olubunmi Ademosun said the money should also not be seen as a national cake because beneficiaries are expected to pay back within the period of six weeks after collection.
He explained, that government’s intention was to make sure that there is an improvement in the economy having ensured that women have good financial base.
Alonge stated that the money will be recovered by government, which already has beneficiaries, BVN account numbers.
The Chairman of Akure South Local Government, Mr Gbenga Olaniyan described Tradermoni as a source of empowerment.
Olaniyan observed that the disbursement of the fund will boost their businesses, calling on market women to embrace the programme.
He advised them to make judicious use of the money and ensure that they pay back accordingly so that they can benefit more.
The Senior Operations Manager of the Bank of Industry (BOI), Mr Taiwo Ajetumobi who was also at the market, explained that the programme is for petty traders and that it is being done across the 36 states of the Federation including the Federal Capital Territory.
Ajetumobi, said the disbursement was done through a technological process which can easily detect fraud.
He said beneficiaries have to supplied needed documents after which they will get the alert of payment through their phones.
According to him, those who pay back will have the priviledge to access more fund gradually, up to a N100,000.
A beneficiary, Mr Jamiu Yakubu praised government for the initiative, saying that the money came at his point of need when his business had almost failed him.
Also, Mrs Adu Wuraola who benefitted from the money said it will improve her business tremendously.
“Those of us that received the money should use it judiciously to boost our businesses”, she advised.
Many others who spoke with The Hope said they were yet to receive payment alert but applauded the government for the kind gesture.
They pleaded in separate interviews that the government should ensure the money goes round so as to achieve the desired result.