[2], The government has worked to attract private partners and investment to carry out and finance key projects. Required fields are marked *. Moreover, in May 2020 the government issued its third sukuk (Islamic bond), worth N162.6bn ($434.1m), to fund infrastructure projects such as road rehabilitation.[2]. Available via the MIT or new BSD license. 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. Economically transportation provides and enhances the space, time, quality and utility of goods. According to Odama, a typical example of this is the Abuja-Kaduna rail transit system that has become a hub of movement of persons to and fro. Prior to this, for a country such as Nigeria to have a good logistics structure system in the different modes of transportation, constant investments from both public and private sectors are needed. Maritime transportation and the Nigerian economy: matters arising if(a===document||!0===h(a,d)){var l;l="function"!==typeof a.getAttribute? Mr Rotimi Amaechi, the Minister of Transportation, while recently inspecting construction works on the Kano- Kaduna rail line, reiterated the commitment of the present administration to link the country through rail. Appraisal of the importance of maritime transportation to Nigerias economy is an effort in assessing the extent to which maritime transportation has contributed to Nigerias economy through gross domestic product (GDP) output. The Nigerian Railway Corporation traces its history to the year 1898, when the first railroad in Nigeria was constructed by the British colonial government on Oct. 3, 1912, to facilitate the flow of goods such as groundnut, cocoa and cotton from the inland to the coast. "Library of Congress Country Studies, Nigeria", "Nigerian Waterways National Inland Waterways Authority", "Nigeria Pipelines map - Crude Oil (petroleum) pipelines - Natural Gas pipelines - Products pipelines", "Nigeria: Over 800 Roads, Bridges Projects Ongoing Nationwide, Says Govt", "Bodo-Bonny Road - Julius Berger Nigeria Plc", "40 Major Bridges Under Construction, Rehabilitation And Repair By The FG Fashola - Nigeria Business Information", "Second Niger bridge: Let my people pass", "Fake Commodore arrested over military outfit", "Police Can't Ban Merchant Navy - Kemewerigha", https://en.wikipedia.org/w/index.php?title=Transport_in_Nigeria&oldid=1129671878, Wikipedia articles incorporating text from the World Factbook, Creative Commons Attribution-ShareAlike License 3.0. Nigeria's principal airports are Murtala Muhammed International Airport in Lagos and Nnamdi Azikiwe International Airport in Abuja. version 2.7 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. dlApi = Object.assign(dlApi, { DBS MORNING SHOW & OBITUARIES 25TH APRIL 2023 APRIL 2023 - Facebook !0===b(a).isRun()?c():[a]:c()}return[]}function e(a,b,c){function d(a){a=a.childNodes;for(var b=0;bTransport Infrastructure In Nigeria | ipl.org Although these initiatives are yet to be unveiled, the Lagos State Government has embarked on its own ambitious multi-modal transport system in a bid to upgrade the state to smart city status. Mrs Ogbomena Robert, a native of Delta and a trader, confirmed that her business was moving well after the resuscitation of Warri-Itape railway that links Delta, Kogi and Edo. In highly populated countries, rail transportation which is a more environmental and climate friendly transport system serve as the most efficient and the backbone of public transportation whereas in Nigeria; the seventh (7) most populated country, road transportation, with huge emissions remains the main means of transportation. Welcome to the Pulse Community! Global economies today are driven by digitization and fast moving technological innovations, which in turn drives new and modern systems of transport for goods, services and people. The cost of not having a sustainable transport system is higher than the cost of putting it in place. var pulse2EmbedConfig = { pulsevideo: { player: "flowplayer", params: { autoplayNext: !0, enableAds: !1 }, plugins: [{ script: "https://imasdk.googleapis.com/js/sdkloader/ima3.js" }, { script: "https://embed.videos.ringpublishing.com/flowplayer/plugins/ads.min.js", config: { ima: { ads: [{ adTag: "https://pubads.g.doubleclick.net/gampad/live/ads?iu=/53159133/PulseNG_video_640x360&description_url=[placeholder]&tfcd=0&npa=0&sz=640x360&gdfp_req=1&output=vast&unviewed_position_start=1&env=vp&impl=s&correlator=", time: 0 }] } } }] }, OnettvVideo: { 'MAIN_ELEMENT': { preset: "mainVideoRADPGh", enableGoogleAnalytics: 2, volume: 0, enableEndScreen: 1, autoplayRelated: 1, enableAds: 1, adserverUrl: "https://pubads.g.doubleclick.net/gampad/live/ads?iu=/53159133/PulseNG_video_640x360&description_url=[placeholder]&tfcd=0&npa=0&sz=640x360&gdfp_req=1&output=vast&unviewed_position_start=1&env=vp&impl=s&correlator=", floatingControls: 1, embedType: 'inTextVideo', showAdvertComment: 1 }, 'INTEXT': { preset: "mainVideoRADPGh", enableGoogleAnalytics: 2, volume: 0, enableEndScreen: 1, autoplayRelated: 1, enableAds: 1, adserverUrl: "https://pubads.g.doubleclick.net/gampad/live/ads?iu=/53159133/PulseNG_video_640x360&description_url=[placeholder]&tfcd=0&npa=0&sz=640x360&gdfp_req=1&output=vast&unviewed_position_start=1&env=vp&impl=s&correlator=", floatingControls: 1, embedType: 'inTextVideo', showAdvertComment: 1 } }} DX: "PV,puls,51db5jl,7,a", However, the system collapsed due to years of neglect by the successive governments. }); The project upon completion would facilitate public transportation, stimulate the development of the agricultural economy and manufacturing industries along the corridor and also reduce the cost. noDfp: 1, It will also create 170,000 jobs and bring the government $200bn in revenue, according to Lekki Port LFTZ Enterprise, the ports developer. Government should therefore limit its primary roles to regulation and coordination of the activities of the diverse stakeholders in the sector, otherwise government bureaucracy and delays would discourage and constrain the private investors from investing in the development of infrastructures that would accelerate the development of multimodal transport operations in Nigeria. 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. Another thing is that with the rail system, more people can be moved and lifted at the same time and there is also reduction of accidents and the like, he said. Nigerians must first accept the dangers and inefficiency of the present transportation system before any progress can be made. Happily, the narrative has since begun to positively change with the advent of President Muhammadu Buhari led-administration.