Political Affiliation not a Requirement for BoI TraderMoni Initiative

By Jonathan Eze

The Bank of Industry (BoI) has debunked claims that access to its TraderMoni loan initiative by Micro, Medium and Small Enterprises (MSMEs) require political affiliations or the use of Permanent Voters’

Card (PVC).

    The Bank, yesterday explained that several allegations on social media regarding the programme, which had its sixth sensitisation event in Osun State during the week, were misconstrued.

    According to BoI, the only requirement to be a beneficiary is for the beneficiary to be Nigerian and a petty trader.

  “As a programme, we have never, and will never, enquire about the political affiliations of a trader. A paper form, or “PVC check,” is not part of the registration process.

  “We enjoin all well-meaning Nigerians to please join us at these activation events, or just visit any of the major trade clusters in your state to see the TraderMoni programme in action. We are also open to feedback on how to continually scale and strengthen TraderMoni’s impact, our number-1 goal.

TraderMoni was conceived in May 2016 as part of the 2-year-old Government Enterprise and Empowerment Programme (GEEP), a social intervention scheme of the federal government being executed by the Bank of Industry.

  GEEP has been providing interest-free loans to traders and artisans across all 36 States of Nigeria, and the FCT, since May 17, 2016.