Transport Sector Gets N4.46bn Lifeline

In a bid to provide a framework for the actualisation of President Goodluck Jonathan’s economic growth agenda of 2011-2015, the federal government is to invest over N4.46 billion for the development of the transport sector.

The investment is for the development of ports, inland waterways, roads, airports and railways.

This was contained in the Federal Government’s Transformation Agenda Report on key policies, programmes and projects, made available by the National Planning Commission in Abuja recently.

According to the report, the main policy thrust during the planned period was to involve “a multi model, integrated and sustainable transport system with greater emphasis on inland waterways and rail transportation”.

The report also has it that an enabling environment for public-private partnership (PPP) had been created from the new policies legislation and institutional framework to support the transformation of the transport sector.

It stated that, “The development of a blueprint of key policies, programmes and projects for 2011-2015 is inspired by the need to address the challenges of decay and inadequate infrastructure and growing unemployment rate.”