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Lagos: The Center Of Business Decapitation - Business - Nairaland

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Lagos: The Center Of Business Decapitation by chinedu234(m): 12:47pm On Mar 10, 2022
Lagos state prides itself as the center of excellence in Nigeria. The state has reasonably improved it's revenue through activation of latent potentials deposited by the former federal government capital status. However, the state seems to have lost some direction in the current revenue drive with the attendant negative impacts. Lagos in it's current traffic laws barred trailers from plying it's roads in the day time. They are allowed in only at night. The economic impact of this rule is that a truck of such dimension coming from Aba or Kano will wait possibly at Sagamu or Mowe till night to make an entry as far as it is still day. Entry at night means the truck may be offloaded the next day. If this truck is going to another location for reloading this will await the next night.(day2). If the vehicle is loaded on the second day the driver must wait for the third night to be able to leave Lagos. This is how it takes 72 hours to achieve what would have been achieved in about twenty four hours in Lagos economy. A multiplier effect based on the number of such trucks coming into Lagos for business can only be calculated on verifiable data. This may be hundreds of trucks. Most unfortunately, states like Abia and Imo have adopted this Lagos style. The attendant question being if these state administrators understand the economic implications of what they are doing? Another horrific dimension to this rule is that these administrators set up thugs and miscreants who stay up all night to harrass and extort monies from the truck owners and drivers. Is this the route to Nigeria's economic emancipation? Time will tell.

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