Publication Date: 2023/12/16
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)
DOI: https://doi.org/10.5281/zenodo.10394893
PDF: https://ijirst.demo4.arinfotech.co/assets/upload/files/IJISRT23DEC666.pdf
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