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
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Benin says a coup attempt was foiled, crediting an army that “refused to betray its oath.” ...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
In Cotonou, Benin’s economic capital and home to the country’s leading institutions, the situation r...
GSMA outlines reforms needed to meet targets of the New Technological Deal 2034 High mobile taxes...
Benin plans to start operating major tourism projects from 2027–2028 The 2026 tourism budget falls sharply as large construction projects near...
MTN South Sudan cuts service prices by 25%, minister says Government presses operators to further reduce internet costs ITU says mobile internet...
Sun King raises $40 million equity from sustainable investor Lightrock Funding to expand off-grid solar operations across Africa and...
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where access to finance remains one of the main obstacles to...
MoMA opens Pan-African portrait photography exhibition on December 14 Show explores mid-20th century African identity and political...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...