Opinion
The TraderMoni Quagmire

From the inception of the “TraderMoni” project, one of the federal government’s National Social Investment Programme (NSIP), the main opposition political party, the Peoples Democratic Party (PDP), some other parties and individuals condemned it, saying it was a form of vote-buying. The governorship candidate of the Social Democratic Party (SDP) in Oyo State, Chief Bolaji Ayorinde (SAN), for instance, described the project as a ploy to hoodwink voters into another four years of suffering. The President’s wife, Hajiya Aisha Buhari, and the National Assembly were also among the horde of critics of the NSIP with the First Lady describing it as a failure in the northern part of the country.
But the federal government insisted that the project which gives a non-collateral loan of at least N10,000.00 to traders and artisans had no political undertone. They said it was meant to empower the aforementioned groups and alleviate poverty in the land.
However, the recent disclosure of a government official makes many think that PDP and all those who kicked against the project may not be totally wrong; that it was a programme designed to fail. Reports have it that the Kwara State Focal Person for the NSIP, Hajia Bashirah Abdulrazaq-Sanusi, last week, alleged that the beneficiaries of ‘TraderMoni,’ are reluctant to repay the loan.
According to her, “Poor masses are not ready to repay the loan after collection because of the attitude of Nigerians to anything from the government, thinking it is a national cake. Also, those that disbursed the money do not have such records as the phone numbers and addresses of beneficiaries, thus, making it difficult to track them for repayment.”
What a country! So the Vice President, Prof Yemi Osinbajo, and all those involved in the disbursement of the billions of naira had no data of the beneficiaries? They would only go to markets, gather the traders, give them yellow T-shirts to wear and begin to distribute money to them? And they expected a repayment of such “awuf”? Haba! Let us not forget that the same VP had told the country last year that the TraderMoni and MarketMoni beneficiaries were doing very well and were paying back their loans.
Often the government frowns at people who criticise its policies or activities. Just a few days back, President Muhammadu Buhari charged his ministers to defend the government vigorously against politically motivated criticisms. But one makes bold to say that issues like the poor and insincere implementation of projects like the tradermoni, N-Power, Covid-19 palliatives distribution by the Ministry of Humanitarian Affairs, disaster management and social development can fuel such criticisms. You spend billions of peoples’ money without proper records or accounts? How then are we sure that the money was not given to only members of a particular political party in exchange for their votes as was alleged? How are we sure that the government never intended that the beneficiaries of tradermoni should repay the loan? Why does the disbursement of the loan seem to have ceased after the 2019 election?
Trust between the leaders and the led is in short supply in this country and it will be in the interest of our leaders to make deliberate, concerted effort to build the citizens’ trust instead of destroying the little trust that exists through insincerity, lack of transparency, dishonesty and others. As the great American announcer, Ed Mcmaho said, “Honesty is the most single, most important factor, having a direct bearing on the final success of an individual, corporation or product.” Similarly, Dalai Lama said, “lack of transparency results in distrust and a deep sense of insecurity.”
Our leaders at various levels should therefore strive to gain the peoples’ trust by being honest and sincere in their dealings. Let transparency be their watchword. As has been suggested by many people, the Office of the Vice President and other bodies involved in the disbarment of the tradermoni, should publish the authentic names of the beneficiaries. To support the VP’s claim that the beneficiaries are repaying the loan, let us also see the details of the repayment – how many people have repaid; how much has been realized and all that?
It is also advisable that the entire Social Investment Programme be thoroughly investigated. Nigerians deserve to know how the $1.3 billion invested in setting up NSIP has been managed. With the controversy that had constantly trailed the social welfare initiatives particularly the Conditional Cash Transfer Programme (CCTP) which doles out cash directly to the poor, the N-Power, the Homegrown School Feeding Programme (HGSF), it is imperative that information be provided on how the programme is being run vis-à-vis how the money is being spent, the criteria used in selecting the beneficiaries and others. That way, corruption, nepotism and partisanship allegedly associated with the programme will be reduced.
The recent call by the Nigerian Governors’ Forum for a reform of NSIP and getting the states involved in order to ensure that the benefits of the programme get to the intended persons should also be considered. The welfare needs of a country of about 200 million population and 36 states minus the Federal Capital Territory, cannot be effectively catered for by a ministry in Abuja who may not even be manned by the right persons. The state and the local government councils who are closer to the people should be involved.
Most importantly, the burden of alleviating poverty in the country should not be that of foreign donor agencies and the federal government alone. State governors, local government chairmen and corporate bodies should join hands in shouldering this responsibility. Our governors should see the need to prioritise the welfare needs of the people, initiate programmes and projects that would curb poverty, hunger and starvation in the nation instead of the white elephant projects they often embark on for some selfish reasons.
Calista Ezeaku
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