FG launches road transport reform, targets higher GDP contribution

Nigeria’s road transport sector is set for major restructuring after a high-level stakeholder meeting convened by the Office of the Vice President in Abuja on Monday.
The gathering brought together federal ministries, regulators, transport unions, banks and development partners to launch the Initiative on Road Transport Transformation.
Road transport carries more than 90 per cent of the country’s passengers and freight, yet the transport and storage sector contributes only 1.56 per cent to GDP.
Officials described the figure as unsustainable and a barrier to broader economic growth.
Dr Tope Fasua, Special Adviser to the President on Economic Affairs, represented the Vice President...