Atiku cannot understand TraderMoni, says BMO

Former Vice-President Atiku Abubakar lacks pro-poor reasoning and cannot appreciate efforts at alleviating poverty through programmes like the Trader Moni scheme, the Buhari Media Organisation (BMO), has said.

In a statement signed by Niyi Akinsiju and Cassidy Madueke, its chairman and secretary respectively, the group responded to Atiku’s claim that the TraderMoni programme amounted to vote-buying and lacked budgetary backing.

According to the group, the Peoples Democratic Party (PDP) presidential candidate in the 2019 election, is scornful of poor people, which is why he is inattentive to the fact that the programme was aimed at providing collateral and interest-free loans to small scale traders.

“Atiku’s contempt for the poor renders him unable to understand and appreciate the Buhari government’s policies and programmes aimed at making their lives better,” the statement read.

“It is not surprising, as Mr Abubakar spent the better time of his tenure as Vice-President making the lives of Nigerians miserable. As Vice President, he established his private University which no average Nigerian can afford, and at a time lecturers at public universities were on strike.

“Perhaps this despise has only worsened with the fact that the Nigerian masses overwhelmingly voted against him and his anti-poor policies in the recently concluded elections, while voting for President Muhammadu Buhari, a man who stands with and for them.”

The group highlighted that: “The Trader Moni Programmes are soft loans to small scale traders. They are expected to pay back. The 10,000 Naira is meant to provide extra capital for these small scale traders to expand on their small businesses, buy more goods to sell, and then pay back within six months. 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.”

The group said with these facilities, low-income traders are able to access more funds to boost their capital and gradually expand their businesses, adding that the Trader Moni Programme had received legislative blessing in the budget as it was under the social investment programmes which had its budget presented and defended under that of the Ministry of Budget and National Planning.

The group said a few days ago, Vice-President Yemi Osinbajo was in Anambra and Ebonyi states to monitor and assess progress of the Trader Moni scheme in the two states.

“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 are not just baseless and unreasonable, they are cheap lies,” the group said.