ADVERTISEMENT
The Sun Nigeria
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun
No Result
View All Result
The Sun Nigeria
No Result
View All Result
ADVERTISEMENT
Ley Your Dreams Come Alive – With FCMB Loans
Home Business

N10bn COVID-19 bailout: Controversy as inter-state transporters allege marginalisation

12th April 2021
in Business
0
N10bn COVID-19 bailout: Controversy as inter-state transporters allege marginalisation
0
SHARES
147
VIEWS
Share on FacebookShare on Twitter

By Moses Akaigwe    

The N10bn Federal Government bailout fund approved to mitigate the impact of COVID-19 on transportation and reposition the sector is setting off ripples as some of affected operators allege that they have been sidelined in the disbursement.

It was learnt that among those who have been asked to submit documents for verification were inter-state bus owners, under the aegis of the Public Transport Owners of Nigeria Association (PTONA).

Having lost billions of naira during the 98-day lockdown that followed the outbreak of the pandemic, the transport owners say they had expected that the bailout would be deployed expeditiously to enhance the recovery of their businesses, but they lamented that, till date, the succor is yet to reach them.

In a letter dated March 28, 2021, signed by thed eputy president, Emeka Mamah, PTONA appealed to the Minister of State for Transportation, Gbemisola Saraki, to ensure the verification of two key issues concerning the fund.

First, the association appealed to the minister to correct apparent confusion in treating the N10 billion COVID-19 fund approved for road transporters as MSME Survival Fund domiciled with the Federal Ministry of Industry, Trade and Investment.

The group also asked for immediate disbursement of the N10bn to its members to prevent imminent collapse of inter-state passenger transport companies in Nigeria.

According to PTONA, efforts made to secure an appointment to pay a working visit to the minister to discuss issues relating to the delay in disbursing the fund to road transporters were fruitless.

“However, in your reply to our letter dated March 3, 2021, our request for the visit was neither approved nor rejected. On the contrary, you simply advised our association to redirect its inquiry regarding the fund to the Federal Ministry of Industry, Trade and Investment, since the intervention fund for the transport sector had been released to the ministry by the Federal Government,” the association stated in the letter.

Lamenting further, PTONA insisted that the N10 billion approved by the Federal Government was totally different from an aspect of the N60 billion MSME Survival Fund domiciled with the Federal Ministry of Industry, Trade and Investment.

The transport owners’ body further argued: “The N10 billion COVID-19 palliative fund was meant to assist road transporters to resuscitate their businesses that were on negative income throughout the 14 weeks that the country was on complete lockdown for all interstate passenger movement due to the pandemic”

Tags: Controversy as inter-state transportersN10bn COVID-19 bailout
Rapheal

Rapheal

Related Posts

South African Investor to establish 5,600 megawatts solar power project in Kebbi
Business

South African Investor to establish 5,600 megawatts solar power project in Kebbi

25th June 2022
MMCC  Escravos seaport industrial project will boost Nigeria’s economy
Business

MMCC Escravos seaport industrial project will boost Nigeria’s economy

25th June 2022
Imo opposition leaders commend Uzodimma’s efforts
Business

Kebbi Customs intercepts smuggled 2, 820 donkey skins worth N48.1m

25th June 2022
Next Post
Africa’s automakers host component suppliers  in Ghana as Nigeria’s policy hobbles

Africa’s automakers host component suppliers in Ghana as Nigeria’s policy hobbles

Nigeria needs fossil fuel to develop  –Auwalu, DPR boss

Nigeria needs fossil fuel to develop –Auwalu, DPR boss

Lagos residents and acute water scarcity

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Highlights

UK: Defiant Boris Johnson says he won’t change despite election woes

Pfizer says tweaked COVID-19 shots boost omicron protection

2022 internal examination begins Monday – NECO

Groups in Spain and Morocco push for border deaths inquiry

French lawmakers want abortion rights in constitution

Bangladesh marks opening of country’s longest bridge

Trending

Nnamani condoles Obaigbena over mother's death
National

Nnamani condoles Obaigbena over mother’s death

25th June 2022
0

From Ndubuisi Orji, Abuja Former Enugu State Governor Senator Chimaroke Nnamani has condoled with the publisher of...

South African Investor to establish 5,600 megawatts solar power project in Kebbi

South African Investor to establish 5,600 megawatts solar power project in Kebbi

25th June 2022
How governor Yahaya Bello injected life into Kogi tertiary institutions - Commissioner of Education

How governor Yahaya Bello injected life into Kogi tertiary institutions – Commissioner of Education

25th June 2022
UK: Defiant Boris Johnson says he won’t change despite election woes

UK: Defiant Boris Johnson says he won’t change despite election woes

25th June 2022
Pfizer says tweaked COVID-19 shots boost omicron protection

Pfizer says tweaked COVID-19 shots boost omicron protection

25th June 2022
ADVERTISEMENT

Follow us on social media:

Latest News

  • Nnamani condoles Obaigbena over mother’s death
  • South African Investor to establish 5,600 megawatts solar power project in Kebbi
  • How governor Yahaya Bello injected life into Kogi tertiary institutions – Commissioner of Education
  • UK: Defiant Boris Johnson says he won’t change despite election woes
  • Pfizer says tweaked COVID-19 shots boost omicron protection
  • 2022 internal examination begins Monday – NECO
  • Groups in Spain and Morocco push for border deaths inquiry
  • French lawmakers want abortion rights in constitution
  • Bangladesh marks opening of country’s longest bridge
  • Gunman kills 2 during Oslo Pride festival; terror suspected
  • Obasanjo laments recycling of old politicians, money politics
  • Russians try to block city, cement gains in eastern Ukraine
  • Road to 2023: PDP loses top mobilisers, others to APC in Edo
  • ‘Total bloodbath’: Witnesses describe Ethiopia ethnic attack
  • Bauchi won’t be safe haven for bandits – Gov Mohammed
  • Deadly earthquake a new blow to Afghans reeling from poverty
  • Coalition canvass for Dogara as Tinubu’s running mate
  • Protesters gather as G-7 leaders set to arrive in Germany
  • Buratai: WIP laments increasing rate of fake news, calls for checks 
  • Ekweremadu: Nigeria-American group cautions UK against fraudulent asylum claim

Categories

  • Abuja Metro
  • Anambra Watch
  • Arts
  • Broken Tongues
  • Business
  • Business Week
  • Cartoons
  • Citizen Joe
  • Columns
  • Cover
  • Culture
  • Duro Onabule
  • Editorial
  • Education Review
  • Effect
  • Elections
  • Entertainment
  • Events
  • Features
  • Femi Adesina
  • Food & Drinks
  • Frank Talk
  • Funke Egbemode
  • Gallery
  • Global Square by Kenneth Okonkwo
  • Health
  • Insights
  • Kalu Leadership Series
  • Kunle Solaja
  • Kunle Solaja
  • Letters
  • Lifeline
  • Lifestyle
  • Literary Review
  • Marketing Matters
  • Muiz Banire
  • National
  • News
  • Offside Musings
  • Opinion
  • oriental news
  • Politics
  • Press Release
  • PressClips
  • Public Sphere
  • Ralph Egbu
  • Shola Oshunkeye
  • Sideview
  • South-west Magazine
  • Sponsored Post
  • Sporting Sun
  • Sports
  • Sun Girl
  • Tea Time
  • The Flipside – Eric Osagie
  • The Sun Awards Live
  • The Sun TV
  • Thoughts & Talks
  • Time Out
  • Today's cover
  • Tola Adeniyi
  • Travel
  • Travel & Tourism
  • Trending
  • TSWeekend
  • Turf Game
  • Uncategorized
  • Updates
  • Views from Abroad
  • Voices
  • World
  • World News
  • Home
  • About Us
  • Paper Ad Rate
  • Online Ad Rate
  • The Team
  • Contact Us
  • Privacy Policy

© 2019 The Sun Nigeria - Managed by Netsera.

No Result
View All Result
  • Home
  • National
  • Columns
    • Broken Tongues
    • Capital Matters
    • Diabetes Corner
    • Duro Onabule
    • Femi Adesina
    • Frank Talk
    • Funke Egbemode
    • Insights
    • Kalu Leadership Series
    • Kunle Solaja
    • Offside Musings
    • PressClips
    • Public Sphere
    • Ralph Egbu
    • Shola Oshunkeye
    • Sideview
    • The Flipside – Eric Osagie
    • Tola Adeniyi
  • Business
  • Politics
  • Entertainment
  • The Sun TV
  • Sporting Sun

© 2019 The Sun Nigeria - Managed by Netsera.

Posting....