Good news as FG opens N4.95bn fund portal for transporters

Good news as FG opens N4.95bn fund portal for transporters

- The federal government has launched the Transporters Track programme

- Specifically, 165,000 transporters are being targeted in the new scheme of the Nigerian government

- Those that will be benefitting from this include, Uber, Bolt as well as taxi drivers, bus drivers and others

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Transport workers in Nigeria have been targeted by the federal government as the Buhari administration is set to assist them with some money to cushion the effect of coronavirus on their business.

With this, the federal government opened the application for the N4.95 billion fund for 165,000 transporters.

This will be done under the Micro, Small and Medium Enterprises (MSME) Survival Fund.

According to the minister of state for industry, trade and investment, Ambassador Mariam Yalwaji Katagum, FG would give N30,000 each to qualified individuals operating in the transport sector.

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Good news as FG is set to support transporters, opens N4.95bn fund portal
Good news as FG is set to support transporters, opens N4.95bn fund portal
Source: UGC

The beneficiaries would include Uber, Bolt and others as well as taxi drivers, bus drivers, Keke NAPEP riders, Okada riders, cart pushers and so on.

Also, 4,505 beneficiaries would be selected per state.

Katagum said the application, though not online, would be free, adding that N10bn has been disbursed to beneficiaries directly from the MSME Survival Fund.

Recall that Legit.ng had reported that the FG on Monday, September 7, announced plans to launch a survival fund, targeting small and medium-scale businesses across a number of sectors.

This was disclosed in President Muhammadu Buhari's opening speech delivered by Vice President Yemi Osinbajo at the first year ministerial performance review retreat, at the State House.

Legit.ng had also reported that the presidency declared that President Muhammadu Buhari’s several initiatives were targeted at creating jobs for the youths and alleviating poverty among women and vulnerable groups.

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It also noted that the president's alleviation programmes remain the best in the history of the country.

The minister of information and culture, Alhaji Lai Mohammed, stated this in Kaduna at a meeting of the Northern Governors Forum with traditional rulers on the aftermath of the #EndSARS protest.

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Source: Legit.ng

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