{
  "id": 9713408,
  "title": "Road sector accounts for N157trn worth of goods – FG",
  "url": "https://urgent.news/2026/09/25/road-sector-accounts-for-n157trn-worth-of-goods-fg",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-25T05:41:15.000Z",
  "source": {
    "name": "Daily Trust",
    "slug": "daily-trust",
    "url": "https://dailytrust.com/road-sector-accounts-for-n157trn-worth-of-goods-fg/"
  },
  "original_language": "en",
  "account": "Prince Segun Obayendo, the Technical Adviser on Transportation, Logistics and Innovation to the Vice-President, revealed at the 2026 Transport Correspondents Association of Nigeria (TCAN) Transport Industry Summit in Lagos that the road transportation sector in Nigeria handles goods and services worth N157 trillion. He emphasized that this sector should be considered a critical component of economic planning, as it accounts for 90% of the nation's transportation. Obayendo argued that transportation should be recognized as a factor of production, as production's economic value diminishes without efficient transportation. He urged all levels of government to prioritize transportation, asserting that it should be treated as such. The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, announced plans to modernize six major seaports, aimed at increasing port capacity, improving vessel turnaround time, and cargo handling, and making Nigerian maritime gateways more competitive. Dr Kayode Opeifa, the Managing Director and CEO of the Nigerian Railway Corporation, also called for greater integration of road, rail, and maritime transportation, citing the potential benefits of improved rail connectivity and the need for private-sector investment to bridge infrastructure gaps.",
  "summary": "The road transportation sector facilitates the movement of goods and services worth about N157 trillion, underscoring its central role in Nigeria’s economy, the Technical Adviser on Transportation, Logistics and Innovation to the Vice-President, Prince Segun Obayendo, has said. Obayendo who is also the President of Chartered Institute of Transportation Administration (CIOTA) made the assertion at…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}