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NIGERIAN JOURNAL OF CONTEMPORARY PUBLIC POLICY

Year: 2014|   Volume No: 10|   ISSN: 0795-0330|   Page No: 6


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Title:  ROAD TRAFFIC ACCIDENT AND ECONOMIC GROWTH: “THE NIGERIA EXPERIENCE”

BOBAI, FRANCIS DANJUMA

NIGERIAN INSTITUTE OF TRANSPORT TECHNOLOGY  P.M.B. 1145 ZARIA, NIGERIA. E-MAIL: 

 

ABSTRACT

Road traffic accidents are responsible for a fairly high proportion of deaths and injury resulting in the reduction of productive manpower. The study examined the effect of road traffic accidents on economic growth in Nigeria, where the ordinary least square method was used to analyse data for the period 1990-2013. The trend result showed a negative co-movement between road traffic accidents and the number of people who die from road traffic accidents in Nigeria. Further result revealed that road traffic accidents are responsible for the decline in economic growth in Nigeria. It was recommended that government should increase her budget allocation on transport infrastructure in Nigeria this will help to reduce road traffic accidents in Nigeria.  

 

 

SUMMARY:

The study revealed government expenditure on road transport has a positive and statistically significant relationship with economic growth. This implies that increasing road network would increase economic growth. Road traffic accident was found to have a negative and statistically significant relationship with economic growth. The implication of this is that a rise in traffic accidents would decrease economic growth. It is clear from the result that investment in road infrastructure is a very important policy issue in the attainment of economic growth, however, the negative consequences that arrive from road traffic accidents should be addressed to maximize the benefits that accrue, to achieve the overall goal of economic growth.  

 

Therefore, it was recommended that government should increase her budget allocation to transport infrastructure. This increase should be balanced by other efforts, like transportation regulations, strict monitoring of implementation of the allocation, improving the quality of human resources and the involvement of the private sector. This will go a long way to reduce road traffic accidents and this will further lead to positive impact on the economic growth in the Nigerian economy.

Correspondence:

fdbobai@gmail.com Phone Number: +2348062481407  


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