Value of Nigeria’s Logistics Market Estimated at $60bn Annually – THISDAYLIVE

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Value of Nigeria’s Logistics Market Estimated at $60bn Annually Chinedu Eze Experts who are into domestic and international freighting of goods and services have projected the logistics market in Nigeria to be ab

Experts who are into domestic and international freighting of goods and services have projected the logistics market in Nigeria to be about $60 billion annually with huge growth potential if the country would harness agro produce opportunities at its behest.

“We have always made assets available for traders and this is what we have done for the last 40 years. But government and the regulatory bodies have to be involved. “When you look at the GDP of the country, about 10 to 13 percent is from the Logistics sector because this is about commerce and production. We eat and drink every day and things have to move around.

“We have leased an airplane two years ago, doing Lagos-Accra when our vehicle service was down. Every single day, we move from Lagos to Accra with buses and trucks. But when COVID-19 hit, we leased an airplane but we had no goods to move. It was a 14 tonne Boing B737 airplane and we were struggling to get two tonnes in a week.

 

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