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Third Mainland Bridge: Continuous loss of man-hr inimical to economy
Economic experts have stated that continuous and uncontrolled loss of man-hours, such as the one being experienced as a result of the ongoing repair works on the Lagos Third Mainland Bridge, can adversely affect the economy of the state, adding that it is a necessary evil that Lagos residents must cope with for the time being.
It will be recalled that many commuters, businessmen as well as workers, who relied on the bridge to get to their offices and business centres on the Island lost valuable time in man-hour in the ensuing lock jam that greeted the partial closure of the bridge, last week.
Speaking with the Nigerian Tribune about the development, last week, the Director-General, Lagos Chamber of Commerce and Industry (LCCI), Mr Muda Yusuf, revealed that the number of man-hours lost in traffic by hundreds of businessmen and women just in the first week of the bridge’s partial closure meant huge economic loss, not only for the Island but the entire state, adding it would take some time before things would normalise.
“Definitely, the loss of man-hour in traffic will affect the economic state of things on the Island, and Lagos as a whole. This is because patronage of some of the businesses on the Island will reduce for the time being. Many people who breeze in out of the Island via the bridge will now find it hard and rigorous doing so, therefore, such people could be tempted to look elsewhere for business transactions,” Yusuf said.
Speaking further, the LCCI DG insisted that “with time, some of these discomforts as well as economical loss incurred by business people on the Island will thin down. In two to three weeks, things will normalise and stabilise because residents will have recovered from the initial shock caused by the closure.”
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More Headlines
- ‘ Cases of rape rise to 84% in Nigeria’
- Dana air crash update: 23 aircrash victims’ families yet to receive compensation
- Mimiko inaugurates new Mother & Child hospital today
- N4.56b pension scam: Female accused hospitalised,trial stalled
- Construction workers hail FG’s decision on Lagos-Ibadan expressway
- Senate adjourns plenary for 1 week, dissolves to Appropriation committee.
- Blackout looms as Egbin power plant breaks down
- FMBN, NEXIM, BOA, IB lose N47bn in 6 months - CBN
- FirstBank wins Nigerian Bank of the Year award
- PDP tackles ACN over Tukur’s comments
- Electricity workers threaten strike over Wamakko
- ‘NDIC prosecuted 55 directors, staff of micro finance banks in 2011’
- Judgment in Oni’s appeal stalled, re-fixed for Jan 8
- Slain banker: Deceased had only 3 wounds -Accused’s father
- Appointments: S/West not marginalised —FCC


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