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Renewed hope : Tinubu set to relaunch Tradermoni, beneficiaries to get N50,000 each, Says Betta Edu

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The federal government on Monday, October 9, said that it would reintroduce the TraderMoni scheme next month.
In the past administration, Tradermoni was one of the programmes under the Government Enterprise Empowerment Programme (GEEP).

The interest-free loan scheme for traders which started in 2018, has been on hold for some time.

With the reintroduction of the scheme, each beneficiary is expected to get N50,000 to support their business.

The Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu disclosed this in an interview on television.

Edu said: “Now, for the first set, which we are starting in November, we are selecting one big market per senatorial district. That is 109 markets and we are going into the markets, capturing the traders in their shops in the markets.

“Unlike the N10,000 given to traders in the earlier phases, there is more money for the beneficiaries. It’s N50,000 to support their businesses.

“We are not interested in party lines, or any social or personal interest. We will capture them in the market and then after doing so, we will create a bank account just as they are being captured, the monies are sent directly from the CBN account.”

According to her, it is a one-off interest-free loan with those who repay qualifying for another loan.

She equally said the conditional cash transfer policy of the government is set to return later in the month.

She said: “With the approval from the President which we hope to get this week, on the 17th of October, we will be officially launching the conditional cash transfer to 15m households in Nigeria.

“Presently we are having a verification exercise, every State can bear us witness that we have put boots on the ground, persons are working with the state cash transfer office as well as the governors who are the head of the steering committee, and then several other persons in the state the local government heads, the community heads can testify also that we are on ground to ensure that those who are on the national social register truly are Nigerians and they fall within the under $1.95 a day and they deserve to have it.”

On why the verification was important, she said: “Remember some people on the register will probably be dead, some people on the register would have moved out of that bracket because they got a job and they’re no longer where they used to be and all of that, we need to be able to mind find that data and get these people out and deal with people.

“We are on the field cleaning up that data and doing a complete verification and we’re putting juxtaposing both the BVN and the rest of it to identify these people and be sure that we are dealing with authentic persons.

“We are also capturing the head of the households as well as a picture of the household, so we can locate each of households, they’re numbered so people can go there and verify against the register.

“We are equally doing a kind of rapid response expansion by capturing persons who were left out of the register just to fill in the spaces of those who are either dead or have moved out of that bracket.”

On the number of people the government hopes to lift out of poverty through its various programmes in one year, she said: “For the conditional cash transfer, we’re working with 15 million households which amount to about 60 million individuals directly touched by the conditional cash transfer.

She added: “On the N-Power job creation which is the renewed hope job creation scheme, we are working on 5 million Nigerian youth between the ages of 18 and 40 and this will be taken 1 million per year on the

“GEEP programme, we are working on 1.5 million Nigerians and this will include the market women, the traders for capital, and then the farmers.

“For the Homegrown School feeding which is expected to deal with the nutrition, health and in a way act as an incentive to keep children in school, we are looking at reaching out to over 10 million children within the next four years. So in the next year, we would have directly touched at least 70 million Nigerians.”

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2027: Tinubu Dares Obi, Atiku to Showcase Their Achievements in Office, Accuses Them of Abandoning Their Responsibilities

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President Bola Tinubu has criticised former Anambra State Governor Peter Obi and former Vice-President Atiku Abubakar over their political affiliations, questioning their leadership credentials ahead of the 2027 general elections.

Tinubu made the remarks on Friday during his visit to Akwa Ibom State, where he inaugurated projects executed by Governor Umo Eno’s administration and addressed supporters at a political gathering.

Although he did not mention either politician by name, he appeared to refer to Obi, the presidential candidate of the Nigeria Democratic Congress, and Atiku, who joined the African Democratic Congress after leaving the Peoples Democratic Party.

Referring to Obi’s tenure as Anambra governor, Tinubu accused him of failing to tackle erosion in the state, contrasting it with his own claim of confronting the Atlantic Ocean during his administration as Lagos governor.

“One, who said he is in one party they call NDC, who is running for president. He ran away from erosion. In Anambra State, he could not confront erosion.

“I, Bola Ahmed Tinubu, I confronted the Atlantic Ocean. I claim it for you. Umo Eno confronted the erosion in Akwa Ibom and is working for, he is stable,” the President said.

Tinubu also questioned the political loyalty of a former PDP member who moved to another party, in an apparent reference to Atiku’s defection to the ADC.

“If a man that was, once upon a time, was a baby of PDP, became a father of PDP. And because of a little inconvenience, he ran away from that party. And formed a dangerous ADC in another party. Is that a leadership trait? Is that a leadership character? And he wants you to vote for him?” he said.

Obi governed Anambra State between 2006 and 2014, while Atiku served as Nigeria’s Vice-President from 1999 to 2007 under the PDP.

Atiku contested the 2023 presidential election on the PDP platform, finishing second behind Tinubu, while Obi, who contested under the Labour Party, came third.

Obi left the Labour Party for the NDC in May 2026, while Atiku joined the ADC as part of opposition efforts ahead of the 2027 election.

Tinubu’s reference to Anambra’s erosion problem recalls his 2023 presidential campaign promise to tackle the menace in the state.

During a campaign rally in Awka in February 2023, the then APC presidential candidate promised to address gully erosion in Anambra, saying he would handle it in the same way he claimed to have tackled the Atlantic Ocean surge in Lagos.

“I have come here to promise you development. We will industrialise Nigeria and Anambra State. You know me, I am the city boy of Lagos; I caged the Atlantic Ocean in Lagos; the way I handled the Atlantic Ocean in Lagos, I will handle the erosion menace in Anambra State,” he said at the time.

 

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Ibom Deep Seaport Gets Presidential Approval as Tinubu Backs Project

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President Bola Tinubu has approved the long-awaited Ibom Deep Seaport project in Akwa Ibom State.

Tinubu announced the approval on Friday while responding to a request by Governor Umo Eno during a reception and rally held in his honour at the Godswill Akpabio International Stadium, Uyo.

The President, who was in the state to inaugurate projects executed by the Eno administration, said the development must promote inclusive growth, create economic value and bring progress to the people.

“Now, development must be even inclusive and reasonable, must bring progress and create economic value. I heard from my friend, my governor, my pastor, on behalf of the people and leadership of Akwa Ibom, request for Ibom’s deep-sea port,” Tinubu said.

After repeating the request, the President asked the crowd, “Will you vote?”

He subsequently declared, “Okay, It’s approved.”

The approval followed a pledge by Eno that Akwa Ibom would deliver two million votes for Tinubu’s re-election in 2027 if the Federal Government delivered the seaport.

“Give us Ibom Deep Seaport, we will deliver two million votes. This deep seaport is capable of unlocking the economy of the state, the South-South region and Nigeria at large,” the governor said.

Eno described the seaport as the most important economic demand of the people of Akwa Ibom, saying it would transform the state’s maritime, industrial and employment landscape.

He said the people of the state had remained loyal to Tinubu since 2023 and were asking him to fulfil his promise to build the facility.

Tinubu had, during his 2023 presidential campaign rally at the same stadium, promised to build the deep seaport, citing the Lekki Deep Seaport, developed during his tenure as Lagos State governor, as an example of what he hoped to achieve in Akwa Ibom.

Eno said the project, conceived during the administration of former Governor Victor Attah as the Ibaka Deep Seaport and Industrial City, had remained unrealised for decades despite featuring in successive presidential campaigns.

“This seaport would serve as a major transhipment hub. It will create thousands of jobs for our people. It will open Akwa Ibom to international trade and investment,” he said.

The governor also said Akwa Ibom had aligned with the Federal Government by joining the All Progressives Congress to attract greater federal presence and development.

He assured Tinubu that the state would mobilise support for his re-election in 2027, saying the seaport would be a major dividend of his administration.

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JUST IN: Court Nullifies Atiku’s Candidacy, Sacks Mark-Led ADC NWC Ahead of 2027 Elections

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*Says ADC’s leadership that produced him, other candidates illegal

A Federal High Court in Abuja has nullified the process that led to former Vice President Atiku Abubakar’s emergence as the African Democratic Congress (ADC) presidential candidate for next year’s presidential election. FollowPolitics

In a judgment on Thursday, Justice Peter Lifu also voided the emergence of former Senate President David Mark, ex-Governor of Osun State Rauf Aregbesola, and others as ADC national officers.

Justice Lifu also voided the nominations of all ADC candidates for the 2027 general elections, holding that they emerged from the ADC’s illegal and unlawful leadership.

The judgment was delivered in a suit brought by an aggrieved ADC Deputy National Chairman, Nafiu Bala Gombe.

The judge upheld Gombe’s contention that David Mark and Rauf Aregbesola emerged as party leaders through an unlawful and illegal process.

Justice Lifu set aside all actions taken by the Mark-led leadership in the name of ADC, holding that they were unlawful.

Details shortly…

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