Organised inter-modal transport system critical to sustainable economy, says expert

 A Maritime Consultant, Mr Alex Nwangwu says Nigeria’s economy can be developed and sustained through a well-organised inter-modal transport system.

The inter-modal transport system involves linking the water, rail and road transportation modes, where each supports the other to achieve fast and efficient transportation of people and cargoes.
Nwangwu said in an interview on Thursday in Lagos that Nigeria needed a defined transport policy that could make water transportation more attractive to commuters and investors.
“This sub-sector in the maritime industry is a reliable cash-cow because the economy is about movement of people and products from place to place.
“The Inland water transportation has huge potential to solve many challenges of congestion, because people want to be on the move since time is an essential part of trade,” he said.
The maritime expert called on government to key into the need for diversification of the economy bearing the falling prices of oil in the international market.
“We can all see what is happening to the oil prices at the international market; it kept dropping.
“This is a clear indication that there is need for diversification of the economy. Nigeria needs to look beyond because there are other rich sources that can sustain the economy,” Nwangwu said.
He also called on the Federal Government to encourage investment in shipbuilding and ship repairs.
“Considering a Public Private Partnership model, the federal government should encourage investments in building and maintenance of ships.
“This area is critical because we can begin to build small crafts that can be put to use for inland water transportation all around the coastal areas where economic activities take place.”