Nigeria: Mass Transit Requires N50 Billion - UDBN

10 January 2012

Nigeria requires N50 billion to meet the "built-up demands" of its mass transit revolving loan scheme, the Managing Director of Urban Development Bank of Nigeria (UDBN) Plc, Adekunle Oyinloye has said.

He said there is need to put more funds to purchase about 10,000 vehicles for operators across the country.

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