Authors :
Olikagu, Chibueze Anthony; Ibe Callistus Chukwudi; Ejem Agwu Ejem; Dike N. Declan; Ikeogu Chiedozie Christopher
Volume/Issue :
Volume 8 - 2023, Issue 12 - December
Google Scholar :
https://tinyurl.com/mw2nr3td
Scribd :
https://tinyurl.com/yck6y2fh
DOI :
https://doi.org/10.5281/zenodo.10394893
Abstract :
This study estimates the direct economic
impact of disruptions caused by accidents on Road
Freight System (RFS) in Nigeria. Road freight
movement to various cities has resulted to various
disruptions this study investigates. An experimental
design was adopted and stratified random sampling
method was used to select Lagos - Port-Harcourt
highway through the East-West road, Lagos - Aba
highway, and Lagos - Abuja highway as sample
population. Questionnaires were designed, distributed
and obtained. Accident data and cost accounting
information were equally extracted from relevant
authorities. Human capital method was adopted in the
study, while statistical means was used for data analysis.
The study concludes that RFS loses ₦6.4 billion annually
to disruptions caused by accidents. The study therefore
made various recommendations including an optimal
investment in multimodal transport system in Nigeria to
reduce the burden on highway. The significance of this
study is that annual disruption cost represents 4.1% of
Nigeria’s Gross Domestic Product (GDP) from transport
sector.
Keywords :
Direct Economic Impact, Disruptions, Road Freight System, Road Traffic Accident (RTA), Human Capital Method, Gross Domestic Product (GDP)
This study estimates the direct economic
impact of disruptions caused by accidents on Road
Freight System (RFS) in Nigeria. Road freight
movement to various cities has resulted to various
disruptions this study investigates. An experimental
design was adopted and stratified random sampling
method was used to select Lagos - Port-Harcourt
highway through the East-West road, Lagos - Aba
highway, and Lagos - Abuja highway as sample
population. Questionnaires were designed, distributed
and obtained. Accident data and cost accounting
information were equally extracted from relevant
authorities. Human capital method was adopted in the
study, while statistical means was used for data analysis.
The study concludes that RFS loses ₦6.4 billion annually
to disruptions caused by accidents. The study therefore
made various recommendations including an optimal
investment in multimodal transport system in Nigeria to
reduce the burden on highway. The significance of this
study is that annual disruption cost represents 4.1% of
Nigeria’s Gross Domestic Product (GDP) from transport
sector.
Keywords :
Direct Economic Impact, Disruptions, Road Freight System, Road Traffic Accident (RTA), Human Capital Method, Gross Domestic Product (GDP)