FG Floats N25bn Loan Scheme For Transportation

The Federal Government has set up N25 billion revolving loan scheme for transport companies in the country to access funds for the purchase of mass transit vehicles.

The Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah, disclosed this in Abuja on Tuesday at the opening of a two-day national workshop for chief executives of mass transit companies.

Enelamah said that the initiative was aimed at boosting the country’s mass transit system as well as encouraging local patronage of local vehicle assembly plants.