The Cable reports that the Asset Management Corporation of Nigeria (AMCON) recently took over control of Arik Air, Nigeria’s leading airline in order, we are told, to protect their anxious creditors, prevent a catastrophic shutdown of services to the public and preserve the jobs of their long-suffering employees. Arik, has debts of over 300 Billion Naira and needs the immediate ...
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Tag Archives: transportation
Traffic congestion and urbanization
Traffic congestion is a situation in which demand for road space exceeds supply. Traffic congestion is the impedance vehicles impose on each other, due to the speed-flow relationship, in conditions where the use of a transport system approaches capacity. Traffic congestion is essentially a relative phenomenon that is linked to the difference between the roadway system performance that users expect ...
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