FG Waives Interest Rate For Mass Transit Investors

The Minister of Trade and Investment, Olusegun Aganga, has disclosed that the Federal Government has started the implementation of the proposed zero per cent interest rate to mass transit investors in the country.

Aganga disclosed this on Tuesday, in Abuja, at the flag-off of 100 mass transit buses in the FCT to ease transportation problems faced by commuters.

He said the move was in fulfillment of the Federal Government’s promise to ensure a robust mass transit system in the country.

Aganga said that more than 100 buses had been rolled out in the FCT and would be used at different axis within the city and its environs.

The minister, who described transportation as one of the biggest problems facing the country, said with concerted efforts by the states and local governments to provide mass transit buses, the problem would be reduced to the barest minimum.

In the same vein, Alhaji Usman Yasin, President, National Union of Road Transport Workers (NURTW), said the buses would also be rolled out in Lagos.

Yasin said government’s efforts at incorporating the union would ensure the smooth running and sustainability of the scheme as most of the buses were locally made.