The Team Leader of the Presidential Committee on Clearing of Apapa Port and Access Roads, Kayode Opeifa, has described the N10bn COVID-19 intervention fund for road transport workers and operators in Nigeria as grossly inadequate.

Opeifa made the disclosure in a webinar organised by the Lagos State University.

He called for a bailout for the transport sector to save it from collapse.

He said, “There is also a need for a bailout. If we do not do a bailout now, the transport sector will continue to contract. Cost of producing goods will increase and manufacturing will decline.

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“The N10bn that has been approved is grossly inadequate. Consider the aviation sector alone; it needs N10bn as well. The Lagos State Government has done the best thing which is allowing Primero to survive and so many other things by releasing more buses on the road.”

Opeifa called for a revisit of the National Policy on Mass Transit in Nigeria.

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