FG Approves N10bn Survival Fund for Transport Sector

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SWITZERLAND, AUGUST 27 – The Federal Government has approved the sum of N10 billion to support Nigeria’s transportation sector, which has been adversely affected by the COVID-19 pandemic. Today’s Echo gathers that the fund will go into supporting transport workers and operators, many of whom lost significant income due to low patronage.

This was disclosed on Wednesday by the Minister of State for transportation, Senator Gbemisola Saraki while meeting with the President, Public Transport Owners of Nigeria Association (PTONA), Engr. Isaac Uhunwagho and members of the association.

“The Hon. Min. of State @MinTransportNG, Sen. Gbemisola Saraki, has disclosed that FG has approved a ₦10 billion survival fund for transport workers and operators to help cushion the sufferings encountered by road transport workers and operators as a result of #COVID19 pandemic,” the Nigerian government tweeted on Wednesday.

According to the federal Government, the minister of state made this known when the President, Public Transport Owners of Nigeria Association (PTONA), Engr. Isaac Uhunwagho, led the Association’s National Executive Committee and Trustees to pay her a courtesy call in Abuja recently.

“She informed the delegation that the fund is domiciled with @TradeInvestNG adding that the Federal @MinTransportNG is currently working on the modalities for its disbursement,” the government wrote in a tweet

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