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Road Sector Is Principal Contributor To GDP – Amaechi

Rotimi Chibuike Amaechi, minister of transportation, has said that the road sector is a major contributor to the gross domestic product (GDP) of Nigeria. He made this note at the Worldstage Economic Submit themed New Reality; Consolidation Economic Diversification. The minister noted that it was the lack of easily accessed data that made it seem as though the sector did not contribute enough to nation-building socio-economically and that problem was being rectified.

Amaechi, which was represented by Olori Mercy Olanike, the director of transport planning of the ministry of transportation, also stressed the importance of economic diversification if Nigeria would experience economic sufficiency.

He said, “For us to be reliant there is a need to diversify. Non-oil sectors suffered neglect due to the oil and gas sector boom. Transportation should be invested in to assist diversification. Adequate transportation infrastructure could trigger key economic progress.”

He commended the government efforts to invest in diversification. He assured that adequate investment of the part of the government in transportation would create job opportunities for young people. On the issue of Chinese-owned companies spearheading transportation investments, he stressed that Nigerians were not at the mercy of the Chinese and in fact spearheaded some parts in the rail line construction project and there was local input.

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