The chairman of the Gombe State Transport Corporation, Gombe Line, Alhaji Bappa Mahmud, has said that the transport company generates about N5 million monthly in revenue.

Mahmud, who made this known at a media briefing after the commissioning of 30 new buses of the corporation by the State Governor, Alhaji Abubakar Hashidu, said the company was spending between N3million and N4million monthly as running cost.

The company, he said, has about 34 vehicles before the purchase of the new buses.

He said the new 30 Toyota and Nissan buses were bought from Globe Motors, Lagos, at a cost of N99 million, and insured for N10 million.

Said Mahmud: "We purchased each vehicle for N3.3 million. We negotiated better because actual cost of a vehicle was N4 million.

The chairman said the people of the state enjoyed about N47 million subsidy on the Corporation's vehicles last year, declaring:"We are rendering a social service, we do not charge like the private transport buses. On debts owed the Federal Urban Transport Authority by the company, Alhaji Mahmud said government had settled over N20million of the debts , leaving about N11million.