PMTF Scheme: FG Distributes 4116 Mass Transit Buses To Transport Companies In Nigeria

4116 mass transit buses nigeria

Oct 6, 2016 – Public Mass Transit Revolving Fund, PMTF Scheme: FG Distributes 4116 Mass Transit Buses To Transport Companies In Nigeria

4116 Mass Transit 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.

8 thoughts on “PMTF Scheme: FG Distributes 4116 Mass Transit Buses To Transport Companies In Nigeria

  1. Thank you for the kind gesture but patch the roads if you cannot build new ones. The buses can only last if the roads are motorable !!!

    • @Big AK stay blessed. Nigeria is a country where people buys an SUV (JEEP) vehicles just because of the road condition and not because of individual choice of a vehicle.

      SHAME ON ALL OF YOU IN POWER BOTH PAST AND PRESENT.
      just wondering the roads those buses are going to drive on.
      This is simple another means those thieves used to steal as usual.

  2. Why distributing buses worth about N37 billions instead of investing in Agriculture, agriculture equipment, fertilizer, manure, and agricultural research in our agriculture institutions across the nation? This is clear case of misplaced priority when our people are struggling to survive. I want both the state and federal government to invest in good roads, bridges, building first hospitals with modern equipment, and generates electricity for prosperous economy and steady growth. Those mentioned infrastructures along side massive Investment in Agriculture is the way forward and only way out from our current recession. PMB admistration should get its priority right before it becomes too late. I’m not blaming him for the recession, but not doing the right thing will prolong the recession and our people from the north, east, and West of the country will continue to suffer hardship. Mr. President, is high time you get it right for the good of millions of suffering Nigerians from all regions, tribes, religion, and culture. There is still time for you to help our people, if not, president Mohammed Buhari will surely be a one term president. Shikenah!

  3. Workers are been fired everyday from various companies, companies are affected with the way our leaders lead this country into mess. You are there bringing buses for companies workers. Who will pay for the ticket when they have been fire

    All this our leaders are always digging deep on how to share out of the national cake.

    That is not what we need this time, our economy are not doing which affected every areas of resources in Nigeria. Stop telling us cock and bull stories.

    The federal govt knew what we want and they are feeding us with something else. Shame on people.

    We are going to overhaul all our present leaders now so that another change of. Govt can come in. We don’t want you people anymore, you are too old tolead this great country, Nigeria. PDP party has done their own now is now APC that is ontop doing nothing but feeding lies. Abeg I no waste my saliva ontop this mata becos my wife still need am when kissing.

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