This paper evaluates the variables that tend to determine the level of performance of Public (Government – owned) transport companies in Niger state of Nigeria. It identifies the variables that are influencing and/or determining the performance of public transport company in the study area. This study was carried out in Minna, the administrative seat of Niger State, Nigeria. The selection of this state is based on the preponderance of Public Transport Company in the area. For the purpose of this study, the entire management and/or operators of public transport company in Niger State, Nigeria constituted the population of the study. The public (government- owned) transport company in the study area was selected and some key officials both senior and junior spectra were purposively selected for data collection. Structured questionnaires and interview techniques were adopted for data collection. A total of forty six (46) out of sixty (60) questionnaires (that is, about 77 percent response rate) were collected and found analyzable: The result of the findings showed that, of the three functional forms of Ordinary Least Square (OLS) method of regression analysis fitted, linear function was chosen as the lead equation based on the R2, t and f- values. It was found out that cost of maintenance had coefficient of 1.999 and the coefficient is significant at 5% level while organization structure is also significant at 10% level.