Tinubu: FG to Invest N100bn to Acquire 3,000 Units of 20-seater CNG-fuelled Buses
The Federal Government is planning to invest N100 billion between now and March 2024 to acquire 3,000 units of 20-seater CNG-fuelled buses.
Speaking in a nationwide broadcast Monday, President Bola Tinubu said the buses would be rolled out across the states and local governments for mass transit at a much more affordable rate.
According to him, “These buses will be shared to major transportation companies in the states, using the intensity of travel per capital. Participating transport companies will be able to access credit under this facility at 9% per annum with 60 months repayment period.”