Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,548,269 members, 5,869,114 topics. Date: Monday, 21 September 2020 at 11:48 AM

Shipping Goods Into Nigeria Costs More Than For African Peers - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Shipping Goods Into Nigeria Costs More Than For African Peers (495 Views)

Ship Hazardous Goods Into Nigeria / Nigerian Stocks Now Cheapest Among African Peers / Folorunsho Alakija Is Building Famfa Towers, Costs N60 Billion (2) (3) (4)

(1) (Reply)

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).

(1) (Reply)

How Rich Are You Ready To Be? / A To Z Of Whiteboard Ink Production And Other Ink Business Training / Is This Legal? Solar Panel Business

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2020 Oluwaseun Osewa. All rights reserved. See How To Advertise. 19
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.