Nigerian Roads: Economic Problems

Topics: Economics, Transport, Traffic Pages: 9 (3081 words) Published: February 12, 2013
Nigerian roads: economic problems

This work is dedicated to god almighty for his grace upon me through the accomplishment of this work.

I must not fail to acknowledge the immense effort of the following persons who was very instrumental to the successful accomplishment of this term paper. My parents Mr./Mrs. Akwang, my lecturers and finally my exponents who helped in broadening my view on the course.

This write-up aroused that only purposeful and realistic planning can lay the solid foundation for sustained economic greatness of the Nigerian roads which will form the base for the coming generation to build upon. Any thing out side will FAIL. There is urgent need to preach breakage from past wastefulness, negligence, deceit and bad policy as regard the road network in the country.

Table of content
Title page---------i
Acknowledgement -------iii
Table of Content--------v
Chapter one
1.2Objective of The Study------ 3
1.3Definition of Terms------3
Chapter two
2.1 Literature Review-------4
Chapter three
3.1Rescuing Nigeria’s Economy From The Yoke Of Bad Roads8 3.2An Interview From The Minister of Works---10

4.1 Effects Of Bad Road To The Nation And Individuals--12 4.2 Solution To Economic Problem Facing The Roads In Nigeria-13 CHAPTER FIVE

Since the Nigerian road sector accounts for about 90 per cent of the movement of goods and services within the country, thereby accounting for about 60 per cent of development initiative in all sectors of the economy, the need to accord road sector priority attention in order to overcome developmental challenges cannot be overemphasized. Appraise the economic implications of the neglect and efforts being made to arrest the decay in road infrastructure in the country. Although some semblance of global economic recovery is reported in some countries, particularly America, problems of lack of infrastructures or its decay is impeding economic development in Nigeria. The problem has continued unabated because when transportation decision-makers at the federal, state, and local levels discuss possible investments in highway infrastructure and the impacts, they sometimes overlook one very important potential impact - the economic benefits to national productivity and employment. The policy makers seemed to be oblivious of the fact that good, dependable transportation infrastructure, be it roads, rail, airports, seaports allow businesses to receive inputs to production facilities and to transport finished goods to market in an efficient manner. An efficient transportation system enable companies to lower transportation costs, which lowers production costs and enhances productivity and profit simply because they are the arteries for the free flow of people, goods and information. These are three indices necessary in a manufacturing and export economy. Thus, the lack of good roads in Nigeria, a country undoubtedly rich in human and mineral resources has impaired its economic growth. To say that most roads in the country are in a horrendous state is an understatement. The countless potholes and irritating detours that dots the roads are the causes of road accidents often recorded on the roads. Statistics based on recent studies reveal that Nigeria is currently losing about N80billion annually due to the deplorable condition of roads across the country. This revelation, contained in a document titled, "Situation Analysis of Land Transport in Nigeria also noted that the country was incurring additional N35billion annually as operating costs, owing to...
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