/> FG Distributes 4,116 Buses Valued N37bn Nationwide | Welcome to praizeblog
 


A total of 4,116 buses valued N37 billion have been
delivered to beneficiaries nationwide under the
Federal Government’s Public Mass Transit
Revolving Fund (PMTF) Scheme.
The Managing Director of The Infrastructure Bank,
Mr Adekunle Oyinloye, stated this in a paper he
presented at a National Workshop for Chief
Executive Officers of Mass Transit Companies in
Abuja.
Oyinloye said the buses were released to mass
transit companies to provide cheap and affordable
road transport services to Nigerians across the six
geo-political zones and the FCT.
According to him, the vehicles were provided under
Phases I and II of the N25 billion PMT scheme
being managed by The Infrastructure Bank.
He stated that the scheme has also empowered
over 50,000 Nigerians, including bus drivers, bus
assistants, auto-technicians and booking clerks,
through direct employment.

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