The outgoing Corps Marshal of the Federal Road Safety Corps, Mr Osita Chidoka, has disclosed that Nigeria incurred an economic loss of about N1.7 trillion to road crashes in 2013.
He said in Abuja yesterday during his pull-out parade, held at Old Parade Ground, Area 10, Abuja,
“Making roads safe is not only an economic imperative, but a social imperative which must drive our collective efforts to stop road carnage; because majority of the 1.3 million people, who die globally and 3,320 in Nigeria, who died as of last week from road crashes, are people who fall within the young and productive age bracket. The economic loss of about 3 per cent of Gross Domestic Product (GDP) of developing countries made Nigeria lose N1.7 trillion, which is an equivalent of $10 billion last year,” he stated.
Chidoka, who has left the services FRSC, following his appointment as a minister, however, disclosed that the rate of road accidents in the country was reducing because of improved enforcement and intensified road safety campaigns.