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Cost Evaluation Of Road Traffic Accident In Nigeria Using Human Capital Approach
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1.3 PURPOSE OF THE STUDY
This study tends to evaluate the cost
implication of road traffic accident in Nigeria using human capital
approach. Other specific objectives include;
1. Examine the effect of road traffic accident on Nigeria Economy
2. To identify the major and minor causes of road accident.
3. To examine the socio-economic consequences of road traffic accident in Nigeria.
4. Portray the strategies at minimizing road traffic accidents.
1.4 RESEARCH QUESTION
1. What is the form or extent of road traffic accident that occurs in Abuja-Lokoja road?
2. what are the possible causes of such accident?
3. Does the occurrence of such accident has a socioeconomic impact on the individuals involved?
4. Has there been a reduction in the rate of accident from 2000-2010 in Abuja-Lokoja road?
1.5 SIGNIFICANCE OF THE STUDY
This
study will be of immense importance to the ministry of transportation
on getting to be apprised on the cost implication and strategies for
reducing the occurrence of road traffic accident. More-also this study
will as a relevant material for road transport operator is making some
certain critical decision. However other personalities such as
researchers, students and the general public will away find this study
relevant in making reference of cost incurred in road traffic accident
and will use this study to satisfy other personal or academic needs.
1.6 SCOPE OF THE STUDY
This study evaluates road traffic accident effect on properties and economy of Nigeria using Abuja-Lokoja road as case study.
1.7 DEFINITION OF TERMS
Accident: an unfortunate incident that happens unexpectedly and unintentionally, typically resulting in damage or injury.
Traffic: is the number of vehicles moving along roads, or the amount of aircraft, trains, or ships moving along a route
Cost:a cost is the value of money or monetary equivalent of something.
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