Nigeria: FG Earmarks N15bn for Operators of Mass Transit

8 February 2013

The Federal Government has earmarked the sum of N15 billion to be drawn from the Infrastructure Bank and Public Mass Transit Revolving Fund (PMTF) for access by operators of mass transit services in the country to enable them purchase locally manufactured mass transit buses.

The provision of the fund, which is available at zero per cent interest, is to encourage the patronage of Made in Nigeria buses.

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