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Logistics in Nigeria

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Logistics in Nigeria

Nigeria’s poor infrastructure has constrained growth in the logistics industry. Time delays, bottlenecks for international shipments, poor tracking and tracing capabilities and poor logistics quality and competence are all industry risks that weigh on growth prospects for logistics and transport industries.

 

In 2018, The World Bank in its ‘Connecting to Compete Report 2018 on trade logistics in the global economy’, which evaluated the logistic performance of 160 countries, using data gathered through a worldwide survey of logistics professionals on how easy or difficult they experienced trade logistics. In this survey, Nigeria took the 110th place out of the 160 countries, one of the bottom 50 performers in the world. In the report, Nigeria has a level of logistics constraints typical of low and middle-income countries. In terms of customs efficiency and logistics, Nigeria emerged 147th and 112th respectively. In International shipment, Nigeria was ranked 110th,while in logistics infrastructure, 78th, logistics competence, 112th,tracking and tracing, 92nd and timeliness, 92nd position.

Recently, localLogistics service providers have been on a high demand,due to the incessant increase in the intra state and inter-state business transactions. where consumers, suppliers, distributors and manufacturers are in constant demand for immediate transportation and distribution of their goods to consumers.

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