Trader Moni Scheme Not Targeted At 2019 Elections - Presidency
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The presidency has said the Trader Moni scheme was not an attempt to sway voters ahead of the 2019 elections.

This is as it said that petty traders in Nigeria do not need to provide their Permanent Voter Card (PVC) to benefit from the Trader Moni scheme.

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Concise News understands that there are reports that traders must provide their PVCs as part of requirements to access the no-interest loan from the Federal Government.

But Vice President Yemi Osinbajo’s media aide Laolu Akande noted on Sunday in Abuja that there is no documentation needed to get the loan.

“The petty traders are not required to show PVC or any document for that matter, they are only expected to show they are petty traders and this is why the enumeration is done in the markets and wherever the traders ply their trades,” Akande said.

He said, contrary to opinion, the credit scheme was initiated in 2016 and not the President Muhammadu Buhari’s government attempt to sway voters ahead of the 2019 elections.