The Enugu State Government, through the Ministry of Transport, has launched the 042 Ride Taxi Youth Empowerment Scheme aimed at empowering young entrepreneurs with access to modern CNG-powered taxis and financing opportunities.
According to information released by the ministry, the programme is being implemented in partnership with Umuchinemere Procredit Microfinance Bank (UPMFB).
The initiative is designed to provide youths in the state with an opportunity to own and operate brand-new MG5 CNG taxis under a structured financing arrangement.
The government said the scheme would enable beneficiaries to build sustainable transport businesses while contributing to the state’s growing transportation network.
Under the programme, successful applicants will enjoy access to new MG5 CNG taxis, flexible financing with affordable repayment plans, insurance and maintenance support, as well as opportunities for business ownership and sustainable income generation.
The state government also noted that participants would become part of a trusted and regulated transport network operating within Enugu State.
Eligibility requirements for the scheme include being a resident of Enugu State, possessing a valid Class D or Class E driver’s licence, demonstrating good character, and showing willingness to build a transport business.
Applicants are also expected to meet other basic requirements outlined under the scheme.
To participate, interested persons are required to complete an Expression of Interest form at any branch of Umuchinemere Procredit Microfinance Bank.
The application process also requires the submission of guarantors’ forms and other relevant documentation.
According to the organisers, applications will undergo due diligence and pre-qualification assessments by the microfinance bank before qualified candidates are selected and contacted.
Successful applicants will subsequently receive their vehicles and commence operations.
The organisers described the MG5 CNG taxi as a cleaner and more cost-effective transportation option capable of reducing fuel costs, increasing earnings, and supporting environmental sustainability.
Interested applicants have been advised to obtain application forms from the head office of Umuchinemere Procredit Microfinance Bank located at No. 5 Cidjap Street, Ziks Avenue, Enugu.