Stakeholders in the transportation, aviation sector has called on Government at Federal and State levels to increase investment and collaboration on to the sector as part of the strategy to salvage the nation’s troubled economy.
The call was made during the 2022 edition of the Abuja Transport and Aviation Correspondents Association, ATACA annual seminar in Abuja, Tuesday.
The Guest Speaker, Chief Economic Adviser , Cross River State and Former Private Sector Specialist at African Development Bank, Dr Francis Ntamu said collaboration and coordination between the Ministries, Agencies as well as international and local investors is the key to achieving results in the transportation sector.
Drawing comparison between the economic growth in Ethiopia, Egypt and Nigeria, with Ethiopia having the highest growth rate which he attributed to a robust air and rail transport system, He called on government to dredge Nigeria’s port to 17km so as to enable larger vessels berth which he said will increase job creation and revenue generation.
He stressed that rail transportation is a catalyst for improved economic growth, poverty reduction and inclusiveness as it boosts demand for goods and services, enhances competition and new jobs; and also ensures even flow of commodities.
On the maritime, Ntamu he listed interventions in the maritime sector with catalytic impact on Nigeria’s socio-economic recovery to include; the Badagry Port (16m)–Upcoming with renewed commitment from Lagos State Government; Olokola Port(17m)–some governance and implementation delays among others.
On the aviation he noted that the Nigerian Air has massive opportunity for national economic transformation with significant expected development outcomes.
Speaking earlier in his opening remarks, the Chairman of ATACA Chris Agabi stated that the Seminar was part of the Association’s efforts to create an avenue for stakeholders to discuss strategies through which the transportation sectors would significantly impact and rescue the Nigerian economy.
The theme of the 2022 ATACA annual seminar is titled, “Nigeria’s Troubled Economy: Aviation, Rail, Maritime As Rescue Sectors”. END.
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