The Nexus Among Road Transport and The Economic Growth in Nigeria
Journal Title: The Journal of Middle East and North Africa Sciences - Year 2017, Vol 3, Issue 9
Abstract
This study has examined the impact of road transport in Nigerian between the periods 1995-2014. It also examined the trend and pattern of the length of federal roads in Nigeria over the years under coverage. This study made use of secondary data obtained from National Bureau of Statistics Statistical Bulletin 2014. Descriptive statistics and econometric techniques were employed in analyzing the data. In descriptive statistics I made use of table while in the area of econometrics, I employed the ordinary least square technique to determine the impact of explanatory variables viz; the contribution of road transport, the length of roads and premium consumption on economic growth. The result of the analysis shows that there exist a positive relationship between economic growth and contribution of road transport and length of federal roads and a negative relationship is observed between economic growth and premium motor spirit consumption. Road transport has impacted on the real sector of the economy like manufacturing and agriculture etc. In a nutshell, we can say that road transport has a direct impact on economic growth. Therefore i recommend that the government should provide efficient public transport service at a subsidized rate so that people use fewer vehicles to avoid unnecessary spending on premium motor spirit consumption.
Authors and Affiliations
Gylych Jelilov, Mustapha Bulama Kachallah
Keywords
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