In its bid to standardize transport operations in the Federal Capital City, FCC to meet with global best practices the FCT Administration has said it would raise N500m revolving funds to support the operators in the sector.
Minister of the FCT, Senator Bala Mohammed made this disclosure while receiving the report of the expanded committee of stakeholders in the sector said the money would be sourced from the SURE-P funds tasked to aggregate public views for a successful operation of the new transport policy.
The committee which was chaired by the permanent secretary Anthony Ozodinobi was created in the wake of the controversy that greeted the implementation of the Mini-bus route delineation policy aimed at improving man hour at work through timely movement of passengers from the satellite towns to the city.
It would be recalled that the new policy aimed at increasing work-man-hour through decongestion of the roads at peak period met a brick-wall as transporters rejected it and described it as a measure by the administration to render them jobless.
Bala said the money is to cater for the various areas that would promote a robust transport sector in the territory like e-ticketing to block leakages that may frustrate genuine business men, loan for higher purchase of vehicles by legitimate members whose vehicles are not fit for use in the FCC and desire to own new ones but do not have the resources to do so.
He pointed out that the Administration was in talks with Chevrolet, Toyota and other car manufacturers for direct purchase that would lessen the financial burden on the commercial drivers in the city.
“Already the FCT through the SURE-P has set aside N500 million Naira just for palliation and it will embrace every aspect of the palliation that we need to give to the operators.
“E-ticketing must have a sound institutional framework with the banks guiding it, so that there will be liquidity, profitability and access to bank, helping our transport operators to break even and not to go under.
“On the palliation, you must come with way and means where we should give high purchase cars to those that are going to be off the road because they are not fit to work in the city, this is part of the palliation.
“Palliation is certainly for those that are currently affected by the ban on the Mini-busses, not just on the enforcement of the routes, we know that we have taken some jobs out of some of them, especially the vehicle that they use, those vehicles are not good, we have spoken about standardization, our aim is that those policies is to make sure that in the next two years all the vehicles that would be used in the FCT must have standard and quality.
That means we need new vehicles, we are going to start arrangement with Urban Development Bank and other banks to give some vehicles at higher purchase at a reduced and subsidized rates already we are discussing with Chevrolet, Toyota, and others that we are going to have a regime where you have vehicles as in London and Dubai where the standard taxis being used in the city are obtainable here.
“That would enhance security and quality in terms of the way we engage our public transportation system especially the taxi’s. Bala stated.
The Minister who turned down request for immediate suspension of the ban on the take off of the bus restriction policy, announced the ban on Keke NAPEP from operating in Asokoro, Maitama, Garki and Area 1 and 3.
He said all Keke NAPEP should relocate to Large Estates and satellite towns of the Territory for their operations.