Federal Government of Nigeria said, on Friday, that it has concluded plans to distribute 2000 buses to cooperative societies across the country to cushion the effects of transportation on Nigerians, especially those living in rural areas.
The Minister of Special Duties and Intergovernmental Affairs, Dr. George Akume, said this in Abuja at the interactive meeting he had with the stakeholders of cooperative societies in Nigeria tagged the ‘Cooperative Asset Scheme’.
According to him, the initiative was a collaboration between his ministry, the Federal Ministry of Agriculture and Rural Development and other agencies of government.
Akume said that the ministry took the decision to pass through the co-operative bodies to ensure the effective implementation of the project, rather than giving out loans to individuals, which might delay quick execution of the project.
“Basically, we recognise the fact that when you give out loans to individuals, sometimes you have the difficulty of recovery, when cooperative is involved, it becomes easier to manage the facility.