How transportation is a business and also a job opportunity in my city.
Transportation is a business in my city and in my country. It's not just a business but a very profitable one. As a result of this, the majority of the people have invested so much in the system and many people are directly involved in the business. In my city, we have motorcycles, tricycles, mini-buses, long buses as well as aircraft. All of these means of transportation have their domains of operation. Motorcycles operate mainly in villages and in less developed areas. Tricycles operate in town but are restricted to some areas of the city. Mini-buses operate everywhere within the city. Long buses operate interstate travel while aircraft operate from the airport. I forgot to mention sea transportation. In the state, sea transportation service is another lucrative business with huge profits.
Unlike other cities and domains where the government takes charge of the transportation sector, in my city, the government only regulates the activities of the operators and also creates an enabling environment for the business to thrive. This is one of the reasons why the cost of transportation in Nigeria is higher compared to other countries of the world.
Transport by train or tram happens to be the cheapest means of transportation and is majorly handled by the government. This is not anywhere found in my country. Rather we jump from tricycle to buses and to motorcycles. This is also the reason that we spend 40% of our income on transportation alone.
Among other investment opportunities in my city, the transportation business stands out. This is because, according to statistics, 69% of investment is in the transportation sector. There is a high return on investment and it's a very lucrative business. The business aspects are of different ways. It's either through a hire purchase agreement whereby a vehicle is given out to be paid a certain amount of money in installments. The hirer ensures that he makes a profit from it. Another way is by daily returns. What do I mean? The vehicle owner gives out his vehicle to be used for the day and at the end of the day, a certain amount of money will be paid back to the owner.
Meanwhile, engagement in the movement of goods and services is also a job opportunity in my city. The transportation sector is the second employer of labor after the government. A lot of school leavers and graduates are engaging in riding motorcycles, tricycles, buses and others to earn a living. There is no doubt that we have a high rate of unemployment in the country but as a result of the transportation system in the country, a lot of people can survive through it.
Most times, it is justifiable that the government does not heavily invest in the transportation sector because it might cost some people their means of livelihood and if they do, it is recommended that they create other job opportunities for the people.
In all of these, the transportation sector in my country and my city in particular has been helpful not only in moving people and goods from one point to another, it has help in putting food on the table of many families.
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