Friday 26 October 2018

KTSG Provides Venture Capital For Commercial Transformation Sub-sector


The Katsina State Governor, Rt. Hon. Aminu Bello Masari had earlier today handed over to the National Union of Road Transport Workers (NURTW) 84 motor vehicles secured for commercial transportation sub-sector in the State.

Katsina Media and Publicity reports that Masari who explained the arrangements in form of a recycle loan (venture capital) which is repayable over a period of 36months and is interest free

The aim according to the Governor is to regrade the amount and make purchases of new vehicles until it becomes satisfactorily available to the teeming Katsina populace.

The Governor, while analyzing the job creation and capacities of the investment said, “we have now provided 84 vehicles with each having an assistant. It is an express job provision for over 160 people and each having a family to survive with, with this we have reduced unemployment as well as create job for our good people.”

Earlier, the Commissioner of Industry and Commerce, Abubakar Yusuf said the government had been fulfilling it’s promises on job creation, industry, small and medium scale empowerment, calling on the NURTW to ensure the payment of the loan so as to purchase more and create more jobs.

@katgovmedia reports that the Chairman NURTW Katsina Chapter, Alh. Haruna Kafur, thanked the Governor for this unique gesture as it is the first of it’s kind since the inception of Katsina State, he further noted that for over 16 years, they have been demanding same from previous government but all efforts proved abortive. 

Kafur said they owe the government for this support as all and sundry belonging to their family will surely re-elect Masari/Buhari and the entire APC aspirants come 2019.

It will be recalled that earlier this week, the State own transportation sector, the Katsina State Transport Authority (KSTA) had also secured over 25 brand new vehicles to upgrade and make effective the public transportation sub- sector.

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