Shipping Goods into Nigeria Costs More Than for African Peers

March 4, 2020

© donvictori0 / Adobe Stock
© donvictori0 / Adobe Stock

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)

Logistics News

LNG Shipping’s Long-Term Outlook Remains Positive

LNG Shipping’s Long-Term Outlook Remains Positive

Soybeans, Wheat, Corn Futures Drop As Broad Commodities Slump

Soybeans, Wheat, Corn Futures Drop As Broad Commodities Slump

Mecad USA Selects Oklahoma’s Port of Catoosa for US Headquarters

Mecad USA Selects Oklahoma’s Port of Catoosa for US Headquarters

GTT Receives LNG Carriers Tank Design Order From HD KSOE

GTT Receives LNG Carriers Tank Design Order From HD KSOE

Subscribe for Maritime Logistics Professional E‑News

S&P 500 closes higher; chipmakers, small caps and other stocks jump
Protesters block truck traffic at Cargill's facility in Northern Brazil
UK investor signs $400 Million Power Deals on Foreign Minister's Ethiopia Visit