Transforming Nigeria Infrastructure & Growth
REGULATION
•
Infrastructure & Growth
Domestic market development:
INFRASTR
CONCESSION
/CRC
Empirical studies in developing countries have reached the
conclusion that rural (farm-to-market) roads have a major effect in
improving marketing opportunities & reducing transaction costs.
The marketing of agricultural commodities, excluding the stages of
processing, often account for 25-60 percent of final prices for
foodstuffs in developing countries – ½ marketing costs attributable
to transport.
-
In Nigeria, e.g. 30-40 percent of the market price of agricultural
produce, particularly food crops, consists mainly of transport costs
and other incidental services.
Farm-to-market costs on the rural road network - three times as
high as what they could be with satisfactory road rehabilitation &
subsequent maintenance.
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