TraderMoni scheme, a National Social Investment Programme of the Federal Government is a form of voter inducement.
It’s a smart move and not easily discovered means of using public funds for campaign, wrapped in a collateral-free loan initiative targeted at petty traders and artisans of which the benchmark is to induce voters.its nothing but vote buying. This was said by Awwal Rafsanjani, The Chairman of the anti-corruption organisation who spoke on Lunchtime Politics, a programme of Channels Television. The scheme is a collateral-free loan initiative targeted at traders and artisans to help boost their business
He added that, no matter how well-intentioned, implementing the scheme close the elections would give different signals to Nigerians across the federation, adding that if the government was sincere about the scheme, it would have started before the elections drew this close