The Buhari Media Organisation (BMO) has said that contrary to reports, the TraderMoni scheme is backed by the constitution as one of the programmes by the Federal Government focused at touching the lives of Nigerian traders.
The group said their statement was vital to respond to Atiku’s words in his petition at the Presidential Election Tribunal, that the TraderMoni scheme was simply vote-buying and it was not backed by the budget.
The organization shared that Atiku might not care about the poor, which is why he is not bothered about the fact that the programme is only all about offering collateral and interest-free loans to small scale traders.
Their words, “After repaying this N10,000, they are now entitled to N15,000, which when they repay, makes them eligible to N20,000, then N30,000, up to N100,000.
“Government had over time concentrated its efforts and policies on the welfare of the elites, the minority who are already well to do while neglecting the majority, poor Nigerians, by not creating policies that empower them directly and indirectly,”
“TraderMoni is a part and parcel of the Buhari’s administration’s Social Investment Programmes, which has followed proper budgetary procedure in its implementation.
“The Programmes were approved by the Saraki and Dogara-led National Assembly, which hailed it as the largest form of social investment on the continent.
“It is thus a figment of Atiku’s imagination that the programme has no legal backing. But we are not surprised, Atiku is a master of badly scripted tales that have no place in reality,”
“Is there any election coming soon, that the Vice President is going to purchase votes for? None! Atiku’s suggestion that the programmes are vote-buying schemes is not just baseless and unreasonable, they are cheap lies.”
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