The government of Nigeria approved the disbursement of 10 billion naira ($26 million) to support road carriers in this tough pandemic context. The announcement was made on August 26 by the Minister of State for Transport, Gbemisola Saraki, who was receiving a delegation from the Public Transport Owners of Nigeria Association (PTONA), led by Chairman Isaac Uhunwagho.
The money is domiciled for the time being with the Federal Ministry of Commerce, Industry, and Investment, the minister said, while stressing that her department was already working on the modalities of disbursement.
While the initiative comes as a relief for actors of the transport sector. It remains however insufficient to make up for the accumulated losses. Last June, PTONA members deplored a shortfall of about 200 billion naira ($519 million) as a result of the government's decision to ban interstate travel. The restriction, which lasted 12 weeks, resulted in the dismissal and layoff of several thousand employees.
Romuald Ngueyap
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Sonangol joins Afentra and Maurel & Prom in acquiring Etu’s stakes Afentra’s share reduced after deal restructuring in offshore blocks Transaction...
Tool evaluates compliance with public financial management rules under Act 921 Institutions classified into four categories from highly compliant to...
Chad plans to deploy 800 police and gendarmes to Haiti by June Move comes as Kenyan forces begin scaling down their presence Haiti’s security crisis...
Global goods trade volumes rose 4.6% in 2025, beating expectations AI-driven demand helped offset tariffs and policy uncertainty Growth could slow to...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...