It is expected that the plant will generate job opportunities for Nigerians and as well facilitate the much-desired objective of the government towards the local content capacity development. Over the last 10 years, Nigeria has moved around erratically on the Logistic Performance Index (LPI) and is currently ranked 90 out of 160 countries in the world. The privatisation of port operations began in late 2003, and today the private sector is active in areas such as cargo handling, warehousing, the development and maintenance of port structures, safety and security within the terminals, and towing, mooring, bunkering and repairing ships. Currently, the most prevalent mode of transportation in Nigeria is by road transportation-passenger buses, trucks, and taxi cars, which are high emitters of dangerous gases. With the passing of the Nigerian Railway Corporation Act of 1955, the company gained its current name as well as the exclusive legal right to construct and operate rail service in Nigeria. By closing this message, you are consenting to our use of cookies. The expansion of international trade in these regions has placed a lot of demand on the importance of the transportation industry. The paper x-rayed some problems and challenges that hinder the full realisation of the potentials of maritime transportation. The NANTS president, however, urged the government to ensure it increased security on our rail corridor to avoid loss of lives and goods and also boost the peoples confidence in using the rail system. The government should build more of it to link more cities and state for easy accessibility by the people, he said. Total Paradigm Shift: This is the first step to achieving any form of development and particularly transport sustainability. dlApi = Object.assign(dlApi, { Importance of public and multimodal transportation systems in Nigeria, For Support : support@businessdaynigeria.zendesk.com. The principle of transportation prioritization is such that trips with higher values have lower cost while trips with lower values have higher cost. The transport and storage sector was valued at N2.6trn ($6.9bn) in current basic prices in 2020, down from N3trn ($8bn) in 2019, according to the National Bureau of Statistics (NBS). Mr Reynold Shodeinde, the Assistant Director, Chartered Institute of Logistics and transportation (CILT), said the revamping of the countrys railway had contributed to the Gross Domestic Product of the country. The package also set aside N54bn ($144.2m) for building and renovating bridges, and N4bn ($10.7m) specifically for the rehabilitation of a mainland bridge in Lagos. It has also reduces the high costs to taxpayers of highway construction and maintenance, while freight railroads mean more jobs and a stronger economy. Maritime trade began to develop in Nigeria after the inglorious slave trade era. According to Ukpoh, the re-introduction of railway has raised the hope of many rural women in particular, who have to transport their goods from one location to another. Another priority project was the 43-km Obajana-Kabba link in Kogi State. Happily, the narrative has since begun to positively change with the advent of President Muhammadu Buhari led-administration. It circulates in Nigeria and Ghana, High feed costs, export ban rattle Nigerian fish farmers, Cargoes pile at Lagos airport as customs agents protest 100%, One month to inauguration: Nigerians apprehensive of. Economic opportunities are likely to arise where transportation infrastructures are able to answer mobility needs and insure access to markets and resources. Some of the benefits of better public transportation systems are as follows: It provides an alternative to reliance on the motor vehicle, reduces traffic congestion and travel times. services. "readystatechange - "+document.readyState;"complete"===document.readyState||"loaded"===document.readyState? Railways provide a huge source of revenue to the GDP; There is need to emphasise on movement of goods by rail to relieve the roads of the burden of overuse in the transport of goods. PU: "22660f33-9854-4ada-8a2f-3f9d527f1285" Strategic importance of the transportation sector to Nigerian economy, NESG: Galvanising engagements to reform the Nigerian economy, For Support : support@businessdaynigeria.zendesk.com. Were a Strategy & Assessment Consulting Team obsessed about providing solutions and making impact. According to Centres for Disease Control and Prevention (CDC), lower respiratory infections, mostly from air pollution, are the second highest causes of deaths in Nigeria. window.addEventListener('load', function () { The creation of special cycling and pedestrian walking routes would also encourage more efficient means of transport, especially in new infrastructural designs. Moreover, planned intra-city mass transit projects are expected to improve the quality of life for Nigerias 102.8m urban residents. The World Bank works with client countries to provide safe, clean and affordable transport for all. Moreover, already threatening droughts, flooding, and alteration of weather patterns which have increased heat and reduced rain and agricultural yields in the country are warning signals of the dangers of climate change. whenRun:function(a,c){if(q(a))b(a).onReady(c);else d(43)}}}(r),!1,29);t(r.runnerBox,"runElement",r.runnerBox.runElement,!1,30);t(r.runnerBox,"whenRun",r.runnerBox.whenRun,!1,31);t(r,"getLogs",function(a){if(!0===a){window.console.group();for(a=0;a
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