Transport Employers Seek Transport Bank, Waivers On Commercial Vehicles

Road Transport Employers Association of Nigeria (RTEAN) is seeking the establishment of a Road Development Bank among others to reform the country’s transport sector

Executive President of RTEAN, Mohammed Musa in a meeting with the Speaker, House of Representatives, Femi Gbajabiamila also seeks the support of the lawmakers for a compulsory Travellers’ Insurance Policy at all motor parks and also waivers for the importation of commercial vehicles not assembled in Nigeria.

Musa at the meeting urged the Speaker to sustain his commitment to nation-building through legislative interventions for proposed reforms that the RTEAN longed for in the road transport sector.

The RTEAN believed that these proposals if implemented will help greatly to strengthen the road transport sector in the country, which he described as the “second highest employer of labour after government.”

The Speaker however pledged the support of the legislature to fully develop the road transport sector in the country.

He said the House would do all within its powers to support the expansion of infrastructure and the transformation of road transport unions to become truly professional bodies in line with global practices.

The speaker acknowledged the critical role of transportation in the development of the economy of any nation. He said one urgent area to address would be the rapid expansion of road infrastructure.

“There is a lot we can do together. Road transport plays a very critical role in the development of Nigeria. It is one of the most significant sectors in any country.

“We want to support you and engage you as a House as much as we can. We are here to help and assist you”, the speaker stated.

Gbajabiamila asked RTEAN to professionalise its operations and work toward sanitising the nation’s motor parks.

“In other places across the world; in Germany, the US, the UK and several others, transport associations are well-respected as professional groups. That is what we want in Nigeria.

“I have seen your recommendations. You want a transport development bank. That is fantastic. We are here as a House to give you all the necessary support to achieve your set targets.

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