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

IBIA Announces Results of Board Member Elections at AGM

IBIA Announces Results of Board Member Elections at AGM

EU Proposes Extending Sanctions on Russian Oil to Georgian, Indonesian Ports

EU Proposes Extending Sanctions on Russian Oil to Georgian, Indonesian Ports

Bahri’s Tanker Fleet Growth Drives Record Results

Bahri’s Tanker Fleet Growth Drives Record Results

STI Implements Digital Twin–Based Platform for Operations

STI Implements Digital Twin–Based Platform for Operations

Subscribe for Maritime Logistics Professional E‑News

Talgo, a Spanish company, has been contracted by Saudi Arabia to build 20 high-speed trains.
PowerChina and Lilama awarded a $974 million contract for the construction of LNG power plants by Vietnam
Port Hedland, Australia's iron-ore hub, resumes its operations following tropical cyclone Mitchell