IMPACT OF TRANSPORTATION SECTOR ON ECONOMIC GROWTH IN NIGERIA (1970-2019)

📄 Project Abstract

Many academics have recently acknowledged transportation as not only a significant economic growth facilitator, but also as the backbone of many industrialized countries' economic growth activities (Bagchi and Pradhan, 2013). The availability of a dependable and effective transportation system is regarded as one of the essential variables that influence a region's economic prosperity. This is primarily because a well-developed transportation system offers enough access to the region, which is a prerequisite for the successful operation of manufacturing, retail, labour, and housing markets (Smith 1880; Rostow, 1962; Rashidi and Samimi, 2012). These transportation infrastructures were part of the economic growth planning that took place during the industrial revolution in the 19th and early 20th centuries, a model that still exists today, in which transportation planning and investments are linked to a region's expected economic growth goals (Rashidi and Samimi, 2012). Mobility studies r...