Tinubu’s holiday transport initiative good for govt, private stakeholders –LCCI

By Merit Ibe

The Lagos Chamber of Commerce and Industry (LCCI) has commended  President  Bola Tinubu’s holiday transport initiative, saying it should be  economically viable for both the government and private stakeholders.

The President had recently announced a significant discount on luxury bus travels and free train services across the country for citizens traveling during the Christmas and New Year holiday season.

Reacting to the development, the Director General of the Chamber, Dr Chinyere Almona, said the  initiative, aimed at providing relief to citizens grappling with the escalating cost of transportation, especially during the festive period, demonstrates a commendable commitment to addressing the challenges faced by the business community and the general populace.

Almona noted that while the LCCI believes that it will have a positive impact on both the business community and the broader Nigerian society, there are certain issues and considerations to be mindful of.  She said implementing a significant reduction in bus fares and providing free train rides requires meticulous planning and coordination. Any logistical challenges in managing the increased volume of travellers could impact the effectiveness of the initiative.

The DG pointed out that the 50 per cent cost reduction for buses and free train rides may have financial implications for transport operators.

“It is essential to ensure that the initiative is economically viable for both the government and private stakeholders.

“Clear communication about the initiative should be disseminated widely to and sensitise the public. Lack of awareness or understanding among the public could lead to confusion or dissatisfaction.”

While the initiative has the noble intention of easing economic burdens, she noted that careful planning, communication and consideration of potential challenges are vital to its success and positive impact on the intended beneficiaries.

‘”The business community stands to benefit significantly from this intervention. Lower transportation costs translate to reduced operational expenses for businesses engaged in interstate commerce, thereby contributing to improved profitability and economic growth. “The LCCI applauds the collaborative approach taken by the Federal Government, involving various Ministries such as Solid Minerals, Information, and Transportation, to engage with transporters, road transport unions, and the Nigerian Railway Corporation in delivering this timely initiative.