Nigeria is losing ₦1 trillion annually to bad roads - says Senate

10/17/2019

Posted by: Jane Osuagwu

Share this post:
The poor state of the roads across the 36 states is making Nigeria lose ₦1 trillion every year. Actually the news is not much shocking when you can see and read about deplorable roads in Nigeria daily. Read more below!

The Senate has said that Nigeria is losing ₦1trillion due to the bad roads across the 36 states in the country.

The Federal Roads Maintenance Agency (FERMA) also calculated the number of hours people loss annually in cost, when they are being delayed on the road because of traffic and bad roads, putting it at ₦1.02 trillion.

bad-road-in-Nigeria

Nigeria is losing ₦1trillion due to the bad roads across the 36 states in the country

The Senate Committee Chairman for FERMA, Senator Gershom Bassey revealed this at stakeholders meeting on road maintenance put together by the agency.

Naijauto gathered that experts made some findings regarding the state of the roads in the country and its effect on the citizens’ productivity and submitted it to the Senate.

>>> On another development, Gov. Sanwo-Olu declares State of Emergency on Lagos roads, orders immediate rehabilitation

Senator Bassey was of the view that enacting prescribed laws would be of immersed help in the maintenance of Nigerian roads.

He said,

"I think the first thing is to obey the law. Clearly, there is a FERMA Act and the key issue in road maintenance is funding. This issue was addressed in 2008 in the amendment of the FERMA Act, which provided for additional sources of funding for road maintenance.

But the problem we have now is that that law has not been obeyed by the Petroleum Products Pricing Regulatory Agency, as it is supposed to ensure that a portion of the tax on petrol and diesel is credited to FERMA for the maintenance of roads."

nigerian-senate

The Senate believes that enacting prescribed laws would be of immersed help in the maintenance of Nigerian roads

>>> Some think differently: Fashola: reckless driving causes accidents, not bad roads

The Chairman of FERMA's Governing Board, Tunde Lemo, stated that the capital for the maintenance of roads across the states was less than 1% of Nigerian's Gross Domestic Product (GDP). He said it was less than 3% of the GDP World Bank recommends as the least spending limit.

Mr.Lemo added that more than 80% of the trips made in Nigeria are by road, and 90% of the travels are on Federal interstate roads.

He went further to point out that the Federal roads in good condition are just 10, 0000 km while fair and bad roads are 13,300km and 11,600km respectively. According to him, it’s the reason why road density in the country is just 0.21 km/sq.km2.

>>> See our news section for more auto and traffic updates!

Share this post:
Jane Osuagwu

Jane Osuagwu

Car prices

Jane Osuagwu is an automotive writer at Naijauto.com. She's a car enthusiast who loves creating educative and informative topics on cars, ranging from maintenance tips to updates on the latest trend in the auto industry in concise and friendly writing. 

Jane is also a blogger and loves reading, inspiring people and getting involved in personal development projects.

Related Articles

See more
Covid 19