Ex-FRSC boss Oyeyemi advocates more support for transportation, logistics studies

How to address logistics, transportation challenges, by Ex-FRSC boss Oyeyemi

 

An immediate past Corps Marshal of the Federal Road Safety Corps (FRSC), Dr Boboye Oyeyemi, has advocated more investment in logistics and transportation infrastructure.

He also stressed the need to encourage higher institutions to produce excellent graduates who would address challenges facing logistics and transportation industry.

Oyeyemi made the call on Wednesday, May 17, 2023 at the University of Lagos while delivering a lecture with the theme – Logistics and Transportation Academics: Fulcrum for Sustainable Development of Industry and Society.

He specifically sought the need to encourage students “by providing them with grant and scholarship that will motivate them”.

Oyeyemi who is the author of many books on Logistics and Transportation, added that “Considering the fact that L&T (Logistics and Transport) are dependent on each other, the need to invest in the L&T infrastructure among which is academics cannot be overemphasised.”

The former Corps Marshal who spoke at the launch of Academics in Logistics and Transport (ACALOT) event, said there should be innovation within the infrastructure development cycle of logistics and transportation.

According to him, Nigeria requires a national logistics strategy focused on the areas such as transportation and distribution industry, transport and distribution workforce, road infrastructure and road congestion.

He gave other areas of interest that should be focused on in the advocated national logistics strategy as road conditions, interstate highway access, vehicle taxes and fees, railroad access, water port access, and air cargo access.

He said, “A survey conducted by the Lagos Chamber of Commerce and Industry (LCCI) indicates that the Nigerian economy lost an estimated annual revenue of 3.46 trillion naira ($8.4 billion) due to poor infrastructure, poor implementation, and corruption at the ports, of which N2.5 trillion ($6 billion) are corporate earnings losses across the various sectors of the economy.”

The event also witnessed the introduction of the interim Executive members of ACALOT.