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“Obasanjo is either ignorant or mischievous” – Osinbajo’s office responds to TraderMoni attack


“Obasanjo is either ignorant or mischievous” – Osinbajo’s office responds to TraderMoni attack

Laolu Akande, the spokesman of Vice President Yemi Osinbajo, has described statements by former President, Olusegun Obasanjo, regarding his principal’s role in the Federal Government’s TraderMoni micro-credit scheme as most unfortunate.

Backstory: While responding to media inquiries over the weekend, Akande said “it is either the former leader is ignorant of the true workings of Trader Moni and the role of the Vice President in its implementation or perhaps he is on a mischievous mission.”

What he said:

  • “The Vice President does not personally distribute money during his visits to the markets. He goes there to assess the progress of the implementation and to create awareness for a programme designed to meet the financing need of 2 million petty traders across the country in the first instance.”
  • The scheme “is being actively implemented across all states of the federation and the FCT,” and not “only Lagos and Abuja as was insinuated.”
  • In response to Obasanjo’s labeling of TraderMoni as idiotic, Akande said Obasanjo was being absurd. “It is also an affront to the sensibilities of these hard working Nigerians, the beneficiaries of the micro-credit scheme.”
  • While addressing Obasanjo’s claims that TraderMoni beneficiaries were required to tender their PVCs, Akande said: “beneficiaries of TraderMoni are not required to show their Personal Voters Cards (PVCs) or any document indicating their political affiliations to qualify for the loans. This is why the enumeration is done in the open markets and wherever the traders ply their trade. This issue has been addressed several times by the Presidency in the public space. Therefore the former president’s alleged comments smirk of outright mischief as it regurgitates blatant falsehood.”
  • Akande said that “the former president’s attack on TraderMoni and the person of the Vice President is an indicator that he may be wittingly or unwittingly playing to the sinister script of the opposition party to spread falsehood,” adding that the allegations made were sadly a rehash of baseless claims previously made by leading chieftains of the opposition Peoples Democratic Party (PDP).

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