Daily Trust

‘La­gos loses N11bn to traf­fic grid­lock monthly’

- From Kay­ode Ogun­wale, Chris Agabi & Nahimah Ajikanle-Nu­rudeen, La­gos

Eco­nomic ex­perts say the busi­ness com­mu­nity in La­gos loses not less than N11 bil­lion monthly to the daily traf­fic grid­lock in the city.

Com­muters and mo­torists de­scribe the con­sis­tent traf­fic jam on La­gos roads as a set­back for busi­ness growth.

Speak­ing with Daily Trust, an econ­o­mist, Mr. Wole Sowunmi, said the daily grid­lock makes busi­ness­men lose not less than N500 mil­lion daily. This trans­lates to about N11 bil­lion monthly.

Ac­cord­ing to him, re­search has shown that the more time peo­ple spend in traf­fic jams, the more money is lost in busi­ness trans­ac­tions that they would have made while they were in the traf­fic.

Sowunmi said many peo­ple do not reach their work places in time ev­ery morn­ing be­cause of the dread­ful traf­fic con­di­tion, re­sult­ing in re­duc­tion in pro­duc­tive hours at work places and con­se­quently huge fi­nan­cial losses, thus im­pact­ing neg­a­tively on the state’s econ­omy in par­tic­u­lar and the coun­try’s econ­omy in gen­eral.

Usu­ally, the heavy traf­fic sit­u­a­tion in La­gos is felt in all parts of the city vir­tu­ally through­out the day. From Shangisha, be­fore the old toll gate down to Ojota through Iko­rodu road to West­ern Av­enue (Funso Wil­liams Av­enue) stretch­ing to La­gos Is­land, the traf­fic is al­ways heavy, es­pe­cially in the morn­ing when peo­ple are go­ing to work and in the evening when re­turn­ing home.

The same sit­u­a­tion is ex­pe­ri­enced by com­muters and mo­torists on the Iko­rodu to La­gos Is­land route, and also the Gba­gada-Oshodi to Apapa route, as well as the Mile 2 to Bada­gry route. No area of La­gos is spared the nerve-wreck­ing traf­fic.

An es­ti­mated four hours are wasted in traf­fic daily by those work­ing in Ma­rina or on the Is­land. This has made trans­port fares to go up on many routes by 50 per cent or even 100 per cent in some cases.

An­other econ­o­mist, Mr. Kelvin Olalere said the traf­fic is se­ri­ously af­fect­ing busi­ness as many peo­ple are not able to meet up with ap­point­ments, los­ing money in the process.

He said: “There was a day I had an ap­point­ment in Vic­to­ria Is­land on a con­tract that was sup­posed to fetch me mil­lions of naira but I missed the chance be­cause of heavy traf­fic. Be­ing some­one who has been living in La­gos for the past 27 years and know­ing the traf­fic, I left my base at Alag­bado two hours to the ap­point­ment but I could not get there un­til three hours af­ter the sched­uled time”.

He also noted that the time he spent in traf­fic with­out get­ting the con­tract or money can­not be re­couped, adding that the gov­ern­ment should take the is­sue of light rail more se­ri­ous.

This, he said, would help the road net­work ex­pan­sion to en­able peo­ple connect to their des­ti­na­tions, not­ing that con­cen­tra­tion of traf­fic through one route and in­ad­e­quate road net­works were part of the rea­sons for the grid­lock.

Newspapers in English

Newspapers from Nigeria