THE IMPACT OF TRANSPORTATION ON THE NIGERIAN ECONOMY (1980 – 2010)

ABSTRACT

What if the transportation section, stagnant, almost every section of any given economy will not perform well as expected. Te importance of transportation in developing or advanced economics cannot be over emphasized. Transport is one of the main sector that remains as the cornerstone of every nation for achieving growth and development as well as gaining political and economic independence. The study shows the relationship between transportation and economic development and also the level of the manufacturing output contributed in the economy due to transportation. The research employed regression analysis using OLS in verifying the relationship that exist in computing transportation, manufacturing output and inflation.

CHAPTER ONE

1.0     INTRODUCTION

1.1     BACKGROUND OF THE STUDY

The transportation system in Nigeria is being seen as the means towards attainment of growth and development of the Nigeria economy. To attain such growth, an efficient function forms has to be laid.

In every aspect of man’s activities, transportation has come to play a vital role, which ranks it among the most important determinants of any success in such human activities. The transportation of goods and services has become vital to the economy due to foreign exchange earning to the sector of the economy. As such there is need for this study. A good and well backbone for a vibrant and growing nation.

Therefore, transportation is defined as the movement of people and material from one point to the other for one reason or the other. This movement could be on sea, land or air.