Nigeria’s Minister of Transportation, Rotimi Amaechi, has restated the government’s commitment to enhance the capacity of the transportation sector in view of its contribution to the nation’s Gross Domestic Product (GDP).
Amaechi gave the assurance on Thursday in Lagos while speaking at a workshop organised by the Science, Energy and Technology Committee of the Lagos Chamber of Commerce and Industry (LCCI).
The workshop was themed: “Capacity Building in the Transportation Industry vis-a-via the Maritime, Railway and Aviation sub-sectors.”
Represented by Dr Sokonte Davies, Executive Director, Maritime and Operations, Nigerian Ports Authority (NPA), Amaechi said the transport sector was key to the sustenance of the nation’s socio-economic development.
He said the government would continue to provide the needed support in the areas of investment, training and policies that would boost the growth of the sector.
“In this regard, this administration places a huge premium on the revival of the transport sector in its entirety by the rehabilitation of existing transport infrastructure and the provision of new ones.
“Also, ensuring capacity building while finding ways to improve the financial capabilities of the citizenry,” Amaechi said.
According to him, the contribution of the transport sector to the GDP, which is only 1.41 per cent, is low and unacceptable.
The Minister stressed the need to exploit untapped opportunities that abound within the sector toward improving its contribution to the national economy.
“This administration is determined to fully exploit the potential of the transportation sector and would pursue the enactment of laws that would open up the sector to new investments and economic prosperity,” he explained.
He said the government was determined to revamp the railway sector with a view to enhancing national integration by encouraging mass transit of passengers and goods across the geographical regions of the country.
The Minister therefore urged the private sector to deepen its partnership with government toward improving infrastructure and capacity in the nation’s transportation sector.