All you need to know about Trader Moni and their USSD codes



Many beneficiaries want to know what the Trader Moni code is, or better yet, how to use the Trader Moni USSD code

The Federal government launched Trader Moni at a time when it was called to question how much it really cared about the welfare of the masses. Just a little bit of an effort to help the masses is emerging.

The question “What is Trader Moni’s code” is closer to what we are writing about today, because there are several reasons you might want to know how to use Trader Moni’S USSD code.

Trader Moni USSD code

To know how to use Trader Moni USSD code, you first need to know the USSD codes to use.

There is no USSD that fits everyone with the way Trader Moni is structured, it depends on two things.

First, the bank and mobile wallet where you send your money (powered by Eyawo); in a way, the USSD codes are just your mobile wallet codes, which allows you to send money from your mobile wallet to your bank.

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The second thing is the bank you use to register your Trader Moni; the Trader Moni USSD codes are:

Dial * 4255023 code for Ecobank * account number is # code
Dial * 4255025 code for FCMB * account number # is the code to use
For UBA, call * 42550213 * Account Number is # code
For Union Bank, dial * 42550214 * Account Number is # code
For the First Bank, dial * 4255024 * Account Number is # code
Note: These are the supported codes that apply to Trader Moni, and you only need to call and press send to use them.

Don’t worry if you’re using other banks; you can key in * 4255 # to access the on-screen instructions you can use.

Note that you will need your 6-digit PIN as authentication for transfer operations that you start using the USSD code.

Other Useful Information About Trader Moni

Trader Moni is a Federal government program established for the distribution of loans by Industrial Bank pilots to GEEP (State Enterprise and authorization program).

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The Program is open to members of the public and is especially aimed at small traders and those who want to start small-scale businesses; this is evident in the unsecured nature of loans.

As for the amount of money that can be borrowed, there’s a starter pack of 10,000 N’s. Once the loan is repaid within 6 months, the package increases and you can take advantage of up to 50,000 NB.

The interest rate is incredibly low, at a maximum level of 0.05%; when you receive the first loan package, the th interest rate is 0.025%, which means you will pay back N10.250 within 6 months. This makes sense as it is a Federal government initiative aimed at alleviating the welfare woes of small traders.

Of course, you’ll need a bank account for Trader Moni; that way it can be formalised and everyone becomes accountable. However, they realize that not everyone with a bank account is, and in the population of small and small traders, that number is higher, so you can also access Trader Moni through mobile money intermediaries.

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To learn how to sign up for the program and all other information you can visit their website. 0700-1000-200 or you can also find it at.


The Trader Moni initiative received mixed reactions from people when it was first launched, with some people thinking it was propaganda by the current government, and the 10,000 N10 really isn’t that much.

But objectively speaking, there is evidence that there is nothing in sight for the masses and that people are taking advantage of it.

To make things easier, the scheme can be accessed using USSD codes for the easy transfer of loan money from mobile wallet to bank accounts.

Above are the USSD code and how to use them for the intended easy access to credit.

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