President Bola Tinubu has promised to roll out buses across the states and local governments for mass transit at a much more affordable rate.
He said: “Part of our programme is to roll out buses across the states and local governments for mass transit at a much more affordable rate. The Federal Government has made provision to invest N100 billion between now and March 2024 for the purchase of 3,000 units of 20-seater buses running on compressed natural gas (CNG)”
“These buses will be shared with major transportation companies in the states, using the intensity of travel per capital,” the president stated.
He added that participating transport companies will be able to access credit under this facility at 9% per annum with 60 months repayment period.
As part of his solemn pledge to work for the masses, President Tinubu said he was committed to improving the welfare and living conditions of the people.
“It is in light of this that I approved the Infrastructure Support Fund for the States. This new Infrastructure Fund will enable States to intervene and invest in critical areas and bring relief to many of the pain points as well as revamp our decaying healthcare and educational Infrastructure.” “The fund will also bring improvements to rural access roads to ease evacuation of farm produce to markets. With the fund, our states will become more competitive and on a stronger financial footing to deliver economic prosperity to Nigerians.”
The President also said that the government is working in collaboration with the Labour unions to introduce a new national minimum wage for workers.
“I want to tell our workers this: your salary review is coming,” he said.
“Once we agree on the new minimum wage and general upward review, we will make budget provision for it for immediate implementation.” He also commended many private employers in the Organised Private Sector who have already implemented general salary reviews.
