The Road Transport Employers Association of Nigeria (RTEAN) has declared its support for President Bola Ahmed Tinubu ahead of the 2027 general election.

The association also urged the Federal Government to establish a specialised Bank of Transportation to provide financial backing for operators across the sector.

The endorsement was announced at the union’s national headquarters in Abuja on Thursday.

National President, RTEAN, Musa Maitakobi, in a communique released at the end of the event, said the endorsement follows wide consultations across the unit, chapel, state, zonal, and national structures.

Maitakobi said the ongoing economic and infrastructural reforms under Tinubu’s administration, particularly those affecting transportation, have repositioned the transport sector as a strategic pillar of national development.

The union argued that the transport sector requires a dedicated financial institution to enable operators access affordable credit facilities for fleet renewal, infrastructure development, safety improvements and sectoral expansion.

He said, “We are writing to the government for the government to consider establishing a bank of transport, as there is a Bank of Industry and Bank of Agriculture.

“Transport cuts across land, sea and air. The sector needs a structured financial institution that understands its peculiarities and can provide the necessary support for sustainable growth..

“So we are demanding the federal government to look at our demand for them to consider giving us bank of transport”,

The association noted that the present government’s reform efforts emphasise structure, coordination, accountability and long-term planning.

He said these principles are consistent with RTEAN’s nationwide organised framework.

According to the union, transportation is no longer being treated as a peripheral service but as a central component of economic planning, with direct implications for productivity, trade and citizens’ welfare.

“When transport works, the economy moves, and when the economy moves, the people prosper. This administration understands that transport is critical to national growth and economic stability,” the communiqué stated.

RTEAN said Nigeria can no longer afford the politics of improvisation, stressing the need for organisation, policy clarity and institutional strengthening to sustain development gains.

The association argued that continuity in leadership would help consolidate ongoing reforms, complete infrastructure projects, and protect investments already made by stakeholders in the transport sector.

The association called on its members across the country to begin mobilisation in support of Tinubu’s re-election bid in 2027, describing policy consistency as vital for the sustainability of reforms in the sector.

RTEAN also noted the increasing adoption of Compressed Natural Gas (CNG) as an alternative fuel for vehicles, commending the government for driving the initiative.

It said that the growing number of vehicles queuing at CNG stations across the country reflects rising acceptance of the policy among transport operators.

According to the association, the CNG initiative is not only a government project but one that directly benefits transporters by reducing operational costs and promoting cleaner energy use.