Hello,
The economic costs of traffic congestion to individuals, businesses and government was the hallmark of the insightful discussions at our virtual Transport and Traffic Conference held earlier this month in collaboration with BusinessDay. In this month’s knowledge@danne, we explore in detail what congestion costs Lagosians and their businesses in financial and economic terms and how and what the government loses. Read about the conference here.
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Lagos perennial traffic congestion problem costs the citizens, their businesses and even government a lot. Traffic congestion takes a toll on Lagosians’ productivity, savings, health, emotional wellbeing and relationships. It stifles the growth of businesses by confining them to their localities and effectively shutting them off the large Lagos market. Internally Generated Revenue (IGR) could increase substantially if the megacity works for all.
Click: Economic costs of traffic congestion in Lagos |
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For the first time, the Danne Institute for Research in collaboration with Financial Derivatives Company calculated the economic costs of traffic congestion in Lagos to individuals, businesses and the megacity. These are funds that could have been saved or channelled into useful activities, reinvested to grow businesses or build efficiency or raked in as IGR for government. How much exactly do individuals, businesses and the city lose to traffic congestion? Read Economic costs of traffic congestion in Lagos to find out.
Click: Economic costs of traffic congestion in Lagos |
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If Lagos were a country, it would be the fifth largest economy in Africa but it is not a productive megacity. The Economist Intelligence Unit ranked Lagos as one of the least liveable cities in the world. It is paradoxical that Lagos boasts of a large pool of skilled labour force and enterprising, motivated migrants while labour productivity is low, even negative. Why is this so? The megacity, with its 11 millionaire cities (i.e. metropolitan areas with more than a million people), is congested, fragmented and disconnected. There are 264 cars per kilometre in Lagos against the global average of 11 cars per kilometre.
Click: Will connectivity solve Lagos productivity problem? |
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The millionaire cities must be made to work with their own thriving markets, businesses and jobs. This will reduce the demand for trips to the Central Business District in Lagos Island daily. An efficient transport network – rail lines, waterways and arterial roads – that connects all of them must be built sooner than later if the connectivity problem is to be solved. You can read the full article here.
Click: Will connectivity solve Lagos productivity problem?
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At Danne Institute for Research we are intentional about the transformational change we want to create. We conduct research (build research capabilities among African scholars in the process) and disseminate our research findings to bring about sustainable change in Africa.
Each issue of the newsletter will inform you about our research interests. For example, strengthening institutions, developing leaders and sustaining public sector change in Africa and, connectivity and productivity in Lagos.
Our plan is to keep you updated on our research and draw your attention to some of their highlights through articles which you can find on our website.
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