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Beneficiaries Of ‘Trader Moni’ Not Willing To Repay Loans, NSIP Alleges

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Beneficiaries Of ‘Trader Moni’ Not Willing To Repay Loans, NSIP Alleges

Kwara State focal person for the National Social Investment Program, NSIP, Bashirah Abdulrazaq-Sanusi says beneficiaries of ‘Trader Moni’ are reluctant to repay the loan.  Trader Moni is one of the federal government’s national social investment programmes designed to reduce poverty in the country.

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Abdulrazaq-Sanusi says one billion naira was disbursed to at least 10,000 persons under the program in Kwara State.

She says Nigerians are not repaying because they think the loan is part of their national cake that doesn’t need to be repaid.

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Abdulrazaq-Sanusi says it is hard to track these beneficiaries because there are no records on them.

The program was flagged off in 2019 by vice president Yemi Osinbajo as an initiative to provide soft loans to boost small scale businesses in the markets.

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Nigerian News

INEC Replaces Burnt Card Readers In Ondo

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The Independent Electoral Commission, INEC, has now replaced the five thousand card readers destroyed by fire two weeks ago at its headquarters in Akure, Ondo state capital.

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Commission chairman, professor Mammud Yakubu announced the replacement on Wednesday during a three-day working visit to the state. Yakubu said his visit was to have a first-hand assessment of the level of the commission’s preparedness for next month’s governorship election in the state.  He promised those polls will be hitch-free.

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Nigerian News

NCDC Reports 111 New COVID-19 Cases, Total Now 57,724

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NCDC Reports 111 New Covid-19 Cases, Total Now 57724

The Nigeria Centre for Disease Control, NCDC, has added one hundred eleven new cases of COVID-19 to the country’s tally on Wednesday.  The health agency now puts the total at nearly fifty-eight thousand.

The agency reports one hundred forty-nine persons were discharged after being successfully treated and had recovered from the coronavirus.  Two patients were said to have died of the disease between Tuesday and Wednesday.

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The new cases were reported from 12 states and the Federal Capital Territory, FCT.

Lagos recorded 31 cases, followed by Gombe and Kaduna with 18 each, and the FCT with 15.

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Rivers recorded 14 new cases.  Imo, Kwara and Oyo each showed three new infections, Bayelsa and Ogun two each.  Edo and Osun recorded one each.

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The NCDC says fifty-seven thousand seven hundred twenty-four cases have been confirmed, with nearly forty-nine thousand patients discharged.  The country’s death toll stands at one thousand one hundred and two.

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Nigerian News

PDP Reacts As FG Approves $1.9bn Rail Line To Niger Republic

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FG Approves $1.9bn Rail Line To Niger Republic

The Federal Government has on Wednesday approved $1,959,744,723.71 for the construction of a rail line that will link Nigeria to Niger Republic.

At the end of the Federal Executive Council meeting, the minister of transportation, Rotimi Amaechi told reporters that the sum approved for the development of the proposed rail line linking Kano-Dutse-Katsina-Jibia and to Maradi in Niger Republic is inclusive of Value Added Tax.

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The minister said apart from that, the council also approved the award of a contract worth N3.049 billion for the design, manufacture, supply, testing, and commissioning of one railway crane for the purposes of clearing rail tracks in situations of accidents.

Meanwhile, the decision by the federal government has attracted criticisms from the opposition party, Peoples Democratic Party saying the project was a misplacement of priority in a country facing intractable problems of insecurity and harsh economic conditions arising from hikes in fuel price and electricity tariff.

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According to PUNCH newspaper, the National Publicity Secretary of the PDP, Kola Ologbindiyan in a telephone interview said “the problem of this regime is that it has never got its  priorities right and at the end of the day, Nigerians are the ones who suffer from these poor choices by these people.

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Ologbindiyan said “let’s even look at it from the point of view of the economy. What is the economic benefit of this project to Nigeria. The Nigerian economy,  as it is today, is not in a state to contain this kind of wasteful spending.”

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