COST MODELLING FOR ROAD ACCIDENTS IN NIGERIA CASE STUDY OF KADUNA STATE

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COST MODELLING FOR ROAD ACCIDENTS IN NIGERIA CASE STUDY OF KADUNA STATE

Abstract:

This work addresses the question of the method of accounting for loses due to all the injury levels for all persons involved in road accidents and the costs of specific accident types. By assuming that fatalities in road accidents lead to a permanent loss in the economy that is not replaced and by accounting for all lost outputs and damages from accidents, accidents’ costs have been estimated for various severity levels. On the average, each fatal accident has been found to cost N 453,187.69 while a serious accident costs N 279,258.41 on the average and each minor accident costs N 99,999.39 on the average. The data used for the analyses were the 1989 to 1993 statistics for Kaduna State

COST MODELLING FOR ROAD ACCIDENTS IN NIGERIA CASE STUDY OF KADUNA STATE

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