Newsexpress banner Camano banner
Airtel, banks, TraderMoni empower IDPs

By News Express on 06/03/2019

Views: 897

Banks in Nigeria and Airtel Nigeria have partnered the Federal Government’s TraderMoni scheme in order to broaden financial inclusion. In one of the recent TraderMoni events at Bocolis IDP camp in Borno, Airtel provided free SIM cards to all TraderMoni beneficiaries, whilst free phones were given to the beneficiaries.

The phones as revealed by our source were part of the 40,000 phones donated by the Bankers’ Committee to the program. Our sources at the Bank of Industry reveal that the scheme was taken to the camp to empower petty traders and artisans that lost all their livelihood to the Boko Haram crisis but who are trying to fend for themselves via small trades. Since the beginning of the Boko Haram crisis in the North-Eastern part of Nigeria, thousands have been affected, with many Internally Displaced Persons (IDPs) forced to live temporarily at camps across the country. Displaced from their homes & disconnected from their daily jobs, many Internally Displaced Persons are stuck at the bottom of the economic ladder and remain part of extremely poor Nigerians.

Government Enterprise and Empowerment Programme (GEEP) was initiated by the Federal Government in 2016 with the knowledge that millions of Nigerians at the base of the economic pyramid lack access to credit facilities. Some of these Nigerians are at IDP camps, displaced from their daily sources of income and uncertain about their future. However, with the TraderMoni N10,000 loans, Government hopes that they can boost their trades and pick up their lives again.

At the camps, TraderMoni enumerators are said to have met with thousands of IDPs, educated them about the TraderMoni scheme, taken their KYC details, and to have given them the N10,000 TraderMoni loans. It is good to empower IDPs, we hope they pay back the loans on time; so it can keep going round.

Source News Express

Posted 06/03/2019





You may also like...
Revealed: The 3 passions of Ibinabo Fiberesima

Stephanie James crowned Miss Nigeria Icon 2018

News Express debuts Maggie’s Blog Nov. 2

How I was raped by a tenant —...

Not having sex regularly can make you lose...

Nollywood diva Doris Ogala splashes millions on new...

Nigeria’s Tobi Kaye warms up UK music scene...

Run! Ogbomoso wintch don land for Lagos!! (2)...

Nigeria’s TOP 10 Songs

Run! Ogbomoso wintch don land for Lagos!!

Yemi Alade plans to register own political party...

Aisha my lust!


UBA Wise Savers Promo


ICT Monitor
Latest News NSE clears MTN for listing in Nigeria Partnership will deepen financial inclusion across Africa — Visa, Palmpay ALTON reiterates consequences of demolishing 7,000 masts by NCAA Fintech innovations in Nigeria, FG to enact policies MTN ready for listing on NSE Google ‘retaliating’ after worker protest 95m subscribers have invalid SIM data – NCC National Broadband Conference holds June 6 NCC grants MTN more spectrum after protracted tussle Panic in White House after man sets himself on fire MTN enlightens UniAbuja students on 4G 2018 budget approved projects not abandoned: Communications Ministry


Most Read ATCON holds symposium on post-Nigeria National Broadband Plan (1,244 views) Why hackers target financial data of banks — Expert (1,209 views) Panic in White House after man sets himself on fire (1,159 views) Glo signs deal with Nokia Alcatel-Lucent •Bella Disu, Patrick Pouyanné, Aliko Dangote, 147 Global CEOs attend Choose France Summit at Château de Versailles (1,044 views) Adopt technologies in future elections, ATCON urges FG (1,028 views) Neglect of internet speed leaves Nigeria at 107th position (986 views) Airtel Touching Lives invites nomination of beneficiaries for fifth edition (955 views) Skool Media assures quality education, opens teachers and students experience centres (923 views) Varsity develops tool to detect, stop cyber attacks (906 views) 5G presents security challenge for telecom operators (901 views) Understanding 5G wireless technology (899 views) Airtel, banks, TraderMoni empower IDPs (897 views)


Africa Media Agency and Al Jazeera