The Managing Director of the Nigerian Railway Corporation (NRC), Dr Kayode Opeifa, has recognized an built-in transportation and logistics system that helps manufacturing, commerce and mobility as a important driver of Nigeria’s financial resilience and competitiveness.
Opeifa said this whereas talking on the theme, “Scaling the Future: Building a Resilient and Efficient Mobility and Logistics Ecosystem in Nigeria,” on the BusinessDay Mobility and Logistics Conference in Lagos.
He stated inefficiencies within the nation’s transportation community contribute to congestion, rising logistics prices, delayed deliveries, decreased productiveness and better costs of products and companies.
Speaking on the convention, the Director-General of the Africa Centre for Supply Chain (ACSC), Dr Obiora Madu, warned that small-scale operators would proceed to face difficulties if Nigeria failed to realize efficient integration throughout its transportation and logistics networks.
Madu estimated that the nation loses greater than N3.6 trillion to inefficiencies and distortions within the transportation and logistics sector, arguing {that a} related system would unlock alternatives throughout the trade.
Similarly, the Managing Director of JanksMay Global Services Ltd., Ifeanyi Onwuachu, stated vital infrastructure deficits continued to negatively have an effect on small-scale operators within the logistics sector.
