AFRICA

Nigeria losing out to port inefficiency

10 years ago

A study jointly conducted by the Financial Derivatives Company and the Lagos Chamber of Commerce and Industry titled Nigeria: Reforming the Maritime Ports has revealed that Nigeria is losing N1tn (US$3bn) per year in revenue due to inefficiency at the nation’s ports.

Nigeria trails behind smaller economies in Africa in terms of port and maritime activities, reveals report. Credit: Nigerian Ports Authority.

A study jointly conducted by the Financial Derivatives Company and the Lagos Chamber of Commerce and Industry titled Nigeria: Reforming the Maritime Ports has revealed that Nigeria is losing N1tn (US$3bn) per year in revenue due to inefficiency at the nation’s ports.