AN ECONOMIC ANAYLYSIS OF TRANSPORTATION SYSTEM IN TE NIGERIAN ECONOMY (A CASE STUDY OF BORNO EXPRESS TRANSPORT COOPERATION, MAIDUGURI, BORNO STATE)
Abstract
ABSTRACT
If the transport sector is stagnant, almost every sector of any given economy will
not perform well as expected. The importance of transportation in developing or
advanced economies cannot be over-emphasized. Transport is one of the main
sectors that remains the cornerstone of every nation for achieving growth and
development as well as gaining political and economic independence. This study
shows the relationship between revenue and expenditure and transportation output.
The research employed regression analysis using OLS in verifying the relationship
that exist in computing revenue and expenditure and transportation output. Borno
Express Services Limited which was established on 3rd August, 1988. It has
contributed immensely in the movement of goods and human beings which has
opened up rural economy for modern development. It is therefore recommended
that financial allocation to the sector by government through subvention should be
increased, establishment of more public transport enterprises should be tended to
rural areas to enhance further rapid development.
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