{"id":56429,"date":"2021-12-31T15:51:38","date_gmt":"2021-12-31T14:51:38","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/55-year-old-lagos-residents-have-spent-nearly-7-years-in-traffic-fdc-report"},"modified":"2021-12-31T16:15:49","modified_gmt":"2021-12-31T15:15:49","slug":"55-year-old-lagos-residents-have-spent-nearly-7-years-in-traffic-fdc-report","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/all-news\/55-year-old-lagos-residents-have-spent-nearly-7-years-in-traffic-fdc-report","title":{"rendered":"55-year-old Lagos residents have spent nearly 7 years in traffic \u2013 FDC report"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Nigeria. <\/strong><\/span>Persons who are 55 years old and resident in Lagos State have spent almost 7 years of their lives in traffic.<\/p>\n<p>This is contained in a report by Financial Derivatives Company (FDC) Limited led by renowned economist, Bismarck Rewane.<\/p>\n<p>In its 2022 outlook, the FDC noted that on the average, Lagos residents spend more than 1,000 hours in traffic annually.<\/p>\n<p>The Nigerian research and investment firm said the figure dwarfs the time people in London expend in congestions.<\/p>\n<p>\u201cLagosians are spending approximately 1,080 hours a year in traffic, compared to 148 hours in London, the city with the worst traffic jams in the world (excluding Nigeria and Egypt).\u201d<\/p>\n<p>FDC says this comes to 12.5 per cent of the time in a year and translates to 6.76 years in a life expectancy of 55 years.<\/p>\n<p>In other cities, Paris residents spend 140 hours in traffic, Brussels (134), Palermo (109), Moscow (108), Rome (107), Chicago (104), Lyon (102), New York (102), Bucharest (98).<\/p>\n<p>Despite government efforts, including road expansions and traffic management, gridlock persists in Lagos, with a population of 20 million.<\/p>\n<p>The situation has cost the people and businesses in Nigeria\u2019s commercial hub man-hours and billions of Naira.<\/p>\n<p>DAILY POST findings show that Lagosians are still furious about the 2019 ban on bike services provided by tech companies, Gokada and Opay.<\/p>\n<p>Many insist that the way out is more investments in water transport as well as construction of alternatives roads, flyovers and rail lines.<\/p>\n<p>The Lagos government has assured that the work on Blue and Red Rail Lines will be completed in 2022.<\/p>\n<p>Last week, the House of Assembly approved Governor Babajide Sanwo-Olu\u2019s request for N18,225,336,103 loan for the Lekki-Epe road expansion.<\/p>\n<p>The Federal Ministry of Finance, Budget and National Planning is to provide the funds that will cover some other projects.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/nigeria\">Nigeria<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Nigeria. Persons who are 55 years old and resident in Lagos State have spent almost 7 years of their lives in traffic. This is contained in a report by Financial Derivatives Company (FDC) Limited led by renowned economist, Bismarck Rewane. In its 2022 outlook, the FDC noted that on the average, Lagos residents [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":56428,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,30,28,26],"tags":[1570,2140,6301,206,254],"class_list":["post-56429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-nigeria-2","tag-fdc","tag-lagos","tag-nigeria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>55-year-old Lagos residents have spent nearly 7 years in traffic \u2013 FDC report - Nigeria<\/title>\n<meta name=\"description\" content=\"Persons who are 55 years old and resident in Lagos State have spent almost 7 years of their lives in traffic. 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