Bashirah Abdulrazaq-Sanusi, Kwara State Focal Person for the National Social Investment Programme (NSIP), has said the those that disbursed the ‘Trader Moni’ loans do not have the records of beneficiaries, making it difficult to track them for repayment of the loans.
The Punch quoted her to have said this on Wednesday.
‘Trader Moni’ was one of the programmes of the NSIP in which traders got N10,000 loan to boost their businesses and get N50,000 loan on repayment of the first loan. It was flagged off by Vice-President Yemi Osinbajo in 2019 to support small scale businesses.
“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 national cake. Also, those that disbursed the money do not have records of beneficiaries like phone numbers and addresses, thus, making it difficult to track them for repayment,” Abdulrazaq-Sanusi said.
Abdulrazaq-Sanusi said that about 10,000 people benefitted from programme in the state with over N1.3 billion disbursed to them.
She added that 15,000 N-Power Programme beneficiaries have been negative towards the state’s empowerment programme, K-Power, set up to help them after N-Power was terminated by the Federal Government in July.