- N10 billion is about to be distributed to road transport operators and workers by the federal government
- The palliative fund is to cushion the effects of the COVID-19 pandemic on the sector
- This was disclosed by the minister of state for transportation, Senator Gbemisola Saraki, on Thursday, September 10
The federal ministry of transportation has constituted a committee to draw up guidelines for the disbursement of the N10 billion federal government palliative fund for road transport operators and workers.
This was disclosed by the minister of state for transportation, Senator Gbemisola Saraki, on Thursday, September 10.
The minister made the revelation when she received the incumbent national president of the National Union of Road Transport Workers (NURTW), Alhaji Najumdeen Yasin and his successor, Professor Tajudeen Ibikunle Lawal in her office.
According to her, members of the committee are drawn from the ministry of transportation and all other relevant stakeholders in the transportation sector.
She urged the unions to interface towards having one recognized body that the ministry can deal with so that the funds can be disbursed as soon as possible.
She noted that palliative as the name implies when over delayed defeats the intent and purposes of the initiative.
In a related development, the federal government on Thursday, September 10, flagged-off two schemes to cushion the effects of COVID-19 and save over 100,000 small businesses in the country.
Minister of state, industry, trade and investment Ambassador Mariam Katagum, flagged-off the schemes after briefing journalists in Abuja and revealed that over 1.7 million Nigerians will be positively impacted by the initiative.
Legit.ng gathered that the two schemes: National Survival Fund and the Guaranteed Off-take Stimulus Schemes are under the Nigeria Economic Sustainability Plan (NESP) of the Buhari administration.
Meanwhile, the federal government has explained its decision to fully remove subsidy from petrol, saying the country stands to rake in over N1 trillion annually from the initiative.
Minister of state for petroleum resources, Chief Timipre Sylva, made the comment on Thursday, September 10, while speaking to select journalists in Abuja.
According to him, the funds would be deployed to fund other critical components of the economy.
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