Expert lauds FG loan to urban bank

An Abuja-based transportation expert, Mr. Ignatius Mamuyi, who made the call yesterday suggested guidelines that should be put in place in order to avoid the usual non-repayment of loans by beneficiaries. The Federal Government had said it will give N15 billion to UDBN with 0% interest rate to enable it give buses to recognized/qualified operators to operate mass transit, with a repeated process after N10 billion which was earlier disbursed to transporters at 5% with 2% spread to commercial banks ...
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Added January 17, 2012
from Daily Trust