Transport poverty: Impact on business, household, and economy - Punch Newspapers

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The new year is here, and it is my prayer that 2022 will be a profitable year for all individuals, businesses, and households. Our new year resolutions at every level must include enhancing productivity and improving performance. Without a doubt, transportation is central to this and can be an effective indicator of performance in any economy, business, and quality of life.

In many of the developed countries, transportation plays a significant role in the ease of doing business and the government plays an integral role in the implementation and administration. A recent visit to the United Kingdom and the United Arab Emirates strongly indicated that where there is efficient transportation and fewer traffic congestions, the economy and businesses are positively impacted.

Basically, the over-reliance on one mode — road transport — and over-exposure to informality are the issues that are mainly slowing down growth in the sector. As widely noted, private participation, with little or no government entry barrier promotes informality. Such as the operations of the non-conventional ferry on the waterways, motorised tricycles, and the Okadas and Danfos within the hinterlands.

 

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