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Effect Of Government Temporary Restrictions: Commercial Drivers In Rivers State Cries Out, Beg For Incentives: Economics Expert Says Business Will Boom At The End Of The Pandemic

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The cost of transportation may increase as a result of the state government’s restrictions on the operations of commercial drivers as part of efforts to contain the spread of the pandemic COVID-19 virus.

Some commercial Keke and taxi drivers plying the woji estate and Artillery axis of Obio-Akpo local government area told our correspondent Precious Ahiakwo that the restrictions when carried out will be a great loss in the business.

The commercial drivers said they still buy petrol at 145 naira per liter and will loose one hundred percent of what they make per ride.

The commercial Keke and taxi drivers in Obio-Akpo local government area said they may increase transport fares from fifty naira to one hundred naira per person so as to meet up losses they may incur.

They called on the state government to give them incentives and also stop collection of daily operational tickets from them

Meanwhile as Associate Professor of Economics, Professor Joseph Onyeama said the directives to temporary close down some businesses and restrictions on the operations of commercial drivers in the state will not increase the cost of living in the state but will result to a temporary hardship amongst residents in the state.

Associate Professor Joseph Onyeama who is also the Head of Economics Department at the Rivers State University, said the directives will also temporary reduce the GDP of the state and affect the income of some business owners operating in the state

He however said the economic situation will improve at the end of the pandemic COVID-19 surge.

The Associate Professor of economics Joseph Onyeama called on business owners and operators affected by the restrictions to see it as one of the ups and down of business and also a measure to secure their health from the ravaging virus.

 

 

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