The Vice President of Nigeria, Prof. Yemi Osinbajo, on Monday, restated the significance of transportation in the economic development of the country.
Osinbajo, who was represented by the Minister of Transportation, Rotimi Amaechi stated this, during 3rd Annual National Transport Summit of the Chartered Institute of Transport Administration of Nigeria (CIoTA) in Abuja.
The theme of the event is “Regulating the Transport Sector in Nigeria:The State of the Art and the Years Ahead”.
“There cannot be economic development without transportation.
“Transportation cannot serve its purpose unless it is available in a safe, affordable and secure environment.
“The theme and the sub-themes of the summit are in tune with government thinking and actions, as can be seen in the massive transport infrastructure developments in the rail, road, maritime and air subsectors.
“As an indication of the seriousness with which this government takes transportation as the sector for driving our economic agenda, we enunciated some creative policy initiatives for funding critical projects in the sector,” Osinbajo noted.
Reiterating the government’s projects in the sector, Osinbajo noted that Nigeria could be a hub for West and Central African countries depending on its location.
He said that government investment in the sector was targetted at achieving potential transportation hub status.
According to the Vice President, Nigeria can be really great if all institutions play their role well.
He enjoined the institute to make sure that it produces transportation professionals who drive the economy from a transportation and logistics standpoint.
“Therefore, the government will look to its Institute for guidance in formulating and implementing policies.
“The impressive attendance at this summit and the quality of the attendees demonstrate that your Institute is well prepared for this role.
“In all of these, the government will play its role in providing the enabling environment, while the private sector should play its role in mobilizing the necessary funds and staff.
“Rest assured that the government will be interested in the recommendations of this summit that may be contained in the summer communiqué,” he said.