Friday 23rd June, 2017
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Nigerians lose N27bn to road extortions every year - Prof. Siyan

Nigerians lose N27bn to road extortions every year - Prof. Siyan

Not less than N27 billion is extorted from motor­ists every year by secu­rity and traffic agencies in check points and illegal stands in vari­ous roads across the country, a Professor of Transportation Economics, Peter Siyan, has said.
Prof. Siyan, who made this known while delivering the 23rd Inaugural Lecture of Uni­versity of Abuja, said the money from the incessant road block­ages continues to go into private pockets, stressing that such huge amount was enough to build reasonable length of roads and bridges.
His words: “There is incessant road blockages and extortion of drivers by security and traffic agencies ( Armed Police, Nige­rian Army, Road Safety, Vehicle Inspection Officers, Custom Officers and of recent Nigerian Civil Defence Corps) in the name of checkpoints and illegal stands for extortions.
“From sampled studies, aver­aging 1.5million vehicles made up of tankers, commercial and private buses and cars, they lose an average of N50 per vehicle (in a day), making a whopping sum of N75 million going into per­sonal coffers. This will amount to N2.25 billion per month and N27 billion per annum.”
According to Prof. Siyan, who spoke on the topic, “Econom­ics of Nigeria’s Haemorrhagic Roads: Probable Cure in Sight,” the country has suffered from the ailment of bad governance, corruption and insecurity since independence in 1960 “which has put our transportation sec­tor in a state of despair and at best described as death traps.”
He, however, called for a mas­sive investment in transporta­tion infrastructures, improve­ment on existing policies as well as a well-developed transporta­tion system with adequate ac­cess to cities and hinterlands, the introduction of road tolls, among others, to address the na­tion’s transportation problems.
In a remark, the Vice Chan­cellor of the University, Prof Michael Adikwu, who was rep­resented by his deputy (Admin­istration), Prof. Muhammadu Katcha, commended Prof. Siyan for the thought-provoking lec­ture, saying that the institution would not relent in its effort to proffer solution to the challeng­es facing the society through thorough researches.
 

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