The Untapped Potential: Why Nigeria’s N3 Trillion Logistics Sector Demands Urgent Government Attention

Nigeria’s logistics, courier, and transport sector is a sleeping giant. Valued at over N3 trillion, it has the potential to be a significant driver of economic growth and development. However, the sector is currently hampered by several challenges, including poor infrastructure, inefficient regulations, and a lack of access to finance. The Untapped Potential The Nigerian logistics sector is a major contributor to the country’s economy. It accounts for an estimated 10% of GDP and employs millions. However, the sector is still underdeveloped and has the potential to grow significantly. The Nigerian economy is experiencing robust growth, fostering an escalating need for comprehensive logistics services. A pivotal factor driving this demand is the rapid surge in e-commerce activities within the country. The e-commerce landscape in Nigeria is evolving swiftly, presenting logistics providers with novel opportunities and challenges. As the digital marketplace expands, the demand for efficient and reliable logistics becomes even […]