While road transport accounts for 87-95% of all freight and passenger movement, and incurred 61% of annual average transport infrastructure spending in Nigeria, the figure has been insufficient for a sector serving as a strategic economic tool for Nigeria’s economic growth and prosperity.
Stakeholders in the transportation and finance sectors have called for better and sustainable funding of transportation infrastructure in Nigeria.
They hinged their position on the inadequacy of traditional method of funding through annual budgetary provisions to meet the huge capital needs of th
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