Nigeria loses N3.2trn annually to transport inefficiencies — Expert (opens original article in a new tab)

Nigeria suffers significant economic losses from transport inefficiencies, with high logistics costs and low intra-African trade compared to global standards.

• Nigeria loses N3.2 trillion annually due to transport inefficiencies like gridlock and poor logistics
• Logistics costs in Nigeria are 25% of GDP, far above the global best practice of 1.5%
• Intra-African trade is 15-27% of total trade, much lower than Europe's 60% and Asia's 40%