The ad-hoc committee of the House of Representatives, currently investigating the prolonged failure of Federal Mass Transit Schemes in Nigeria from 1999 onwards, has raised strong objections to the recurring mismanagement of government investments in Urban Mass Transit Schemes aimed at alleviating transportation challenges.....KINDLY READ THE FULL STORY HERE▶

The committee has voiced its disappointment in the lack of desired outcomes from these investments in the transit scheme.

Hon. Afam Victor Ogene, the committee’s chairman, issued a statement in Abuja underscoring the committee’s determination to uncover the deep-rooted mismanagement of funds amounting to billions of naira….CONTINUE READING

These substantial sums were injected into the scheme by successive administrations since 1999, without commensurate positive impact.

Ogene, who also serves as the Labour Party caucus leader in the House and represents the Ogbaru Federal Constituency in Anambra state, expressed his dissatisfaction with the apparent reluctance of relevant ministries and agencies to provide documentation regarding the utilization of public funds for previous Mass Transit Schemes.

Against the backdrop of the current intricate economic challenges that have exacerbated people’s suffering and lowered living standards, Ogene emphasized the necessity of investigating these financial matters.

The committee chair disclosed that in a single year, 2012, an amount exceeding N16 billion was channeled through The Infrastructure Bank (TIB) for the procurement of buses for Public Mass Transit.

This funding originated from the Subsidy Reinvestment and Empowerment Programme (SURE-P) under the administration of former President Goodluck Jonathan. The funds were accessed from the Public Mass Transit Revolving Fund (PMTF).