40million Nigeria Cars and National Development
http://www.forwardnigeria.ng/40m_nigerians_can_afford_cars_under_jonathan_okonjo_iweala
After reading piece contained in above link i can't but make some comments. In my several years of studying macro and micro economy I have never come read write up where car ownership is solely used as determinant of economic development.
Interestingly while writing this am rising on a mass transit bus , in the usual Lagos evening hold up. Of course I have to pack my car some weeks ago having experienced terrible hold up for the last 5 weeks.
So back to the subject how does ownership of 40m cars translate to economic development. I guess included in the cars are Tokunbos, second hand and many hand cars. I beg to ask what is the essence of car when:
1. You are scared to drive them for hold up
2. Roads are bad and scarcely maintained
3. Fueling cost outrageous despite the facet we are oil producing nation.
4. Driving cars in Nigeria is riskiest adventure.
Ask car owners they will tell you we prefer a working transport system, a motor able road, a reasonably priced fuel.
All this will help improve disposable income and life of the said car owners. I can bet 50% of car owners Nigeria will prefer a working transport systems to their cars. You pity most car owners and their cars when they sweat it daily in needless traffic jams in most of our cities.
Aside from thses, the world has moved and is moving daily to even more environmental friendly cars, we would need meteorologist and medical experts to help measure healt, economic hazard these cars are having on the populace.
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