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|Shipping Goods Into Nigeria Costs More Than For African Peers by DedeNkem: 2:00pm On Mar 06|
LAGOS, March 4 (Reuters) - It costs as much as five times more to ship goods into Nigeria than it does to deliver items via other African ports, consultancy SBM Intelligence said in a note on Wednesday.
* SBM tracked shipments from the European Union into Appapa, a key import hub in Nigeria's commercial capital of Lagos, Durban in South Africa and Tema in Ghana over three months.
* The results showed that total costs to get items into Lagos are five times higher than in Durban and three times higher than in Tema.
* Local transport added the biggest amount, costing 10 times as much in Lagos compared with the other ports
* The figures are significant, as Nigerian businesses say poor infrastructure pushes up costs and puts them at a disadvantage as Nigeria prepares to enter the African Continental Free Trade Agreement.
(Reporting by Libby George; Editing by Mark Potter).
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