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10,000 Traders Benefit From FG’s Tradermoni Scheme In Bayelsa
No fewer than 10,000 traders in various markets in Bayelsa have benefited from the Federal Government’s tradermoni free interest loan empowerment scheme, an official has said.
Mr Taiwo Tunmobi, the officer in charge of Strategy and Operations in the Government Enterprise and Empowerment Programme (GEEP), last Thursday said this in Yenagoa at the end of the exercise.
Tunmobi said that over 20,000 traders had earlier registered for the programme but 10,000 were considered in the first batch of beneficiaries.
Our correspondent reports that Federal Government delegation went to major markets in the state capital, including Tombia-Etegwe roundabout, Okaka market and others, disbursing N10,000 to the 10,000 persons shortlisted for the scheme.
He urged beneficiaries to make good use of the money and ensure that they pay back at the stipulated time to enable government to do more for them.
According to the GEEP officer, two options were given to the beneficiaries to repay the loan after two weeks –either to make daily payment of N85.00 or N430.00 weekly payment to the tradermoni account of the Federal Government in any bank of their choice.
“Those who finish the repayment of their first loan on time stand the opportunity to receive higher amount of N15,000 and so on.
“The Federal Government has a very big plan for the empowerment of small scale enterprises.
“The programme is for the Federal Government to empower traders, artisans and it makes it easier for young entrepreneurs to grow their businesses.
“Of course, our targets are micro business SMEs; these are people who typically have zero access to credit.
“As the government helps them to grow their businesses, their families will benefit and the economy will also benefit”, Tunmobi added.
Some of the beneficiaries expressed appreciation to the Federal Government for the gesture.
The chairman of Tombia-Etegwe roundabout market, Mrs Felicia Okwodejo, thanked the government and the organisers of the programme for making her a beneficiary.
She urged beneficiaries to ensure that they pay back the money as and when due.
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RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
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