A total of 4,116 buses valued at N37 billion have been delivered to beneficiaries nationwide under the Federal Government’s Public Mass Transit Revolving Fund (PMTF) Scheme. Adekunle Oyinloye, Managing Director of The Infrastructure Bank, said this in a paper he presented at a workshop for chief executive officers of mass transit companies in Abuja. Oyinloye said the buses were released […]
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HOW N16BILLION MASS TRANSIT SURE-P FUND WAS SQUANDERED
Over N16billion of Subsidy Reinvestment and Empowerment Programme (SURE-P) funds released by the Goodluck Jonathan administration in 2012 for the Public Mass Transit Revolving Fund (PMTF) was squandered, the International Centre for Investigative Reporting icirnigeria.org has found. The fund, administered as a revolving loan by The Infrastructure Bank (TIB) was given out in form of Mass Transit Vehicles to 31 […]
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