A major crisis that may disrupt road transportation in Nigeria for a long period if not averted by the Presidency has broken out between commercial transporters in the country and the Federal Road Safety Commission, FRSC.
The crisis of confidence between the two parties arises over the decision by the commission to introduce speed limit device technology on commercial vehicles with effect from September 1 this year. N35,000 for device, N1,000 for installation.
It was learnt that the FRSC is working with a private Nigerian firm to enforce the controversial deal, which would require each vehicle owner to buy the device for N35,000 and pay additional N1,000 for installation.
The transporters claim that with each of the 25 million vehicles in Nigeria paying N36,000 to the FRSC, it would rake in at least N900 billion from innocent Nigerians for a technology that would not add value to their lives.
