Transport and Logistics

Although transport networks have historically been underfunded, the government is prioritising their development, as enhanced connectivity is key to supporting growth in non-oil sectors. Demand for transport is set to rebound in the second half of 2021 as the economy reopens and the African Continental Free Trade Area is in force. The most significant gains in the coming years are expected in the road and port segments, with urban rail projects progressing more slowly. As Nigeria is the most populous country on the continent, investors continue to see notable potential in the transport sector but have traditionally been deterred from investing in other areas of the economy because of concerns about infrastructure capacity. As such, redoubled cooperation between the public and private sectors to develop multi-modal nodes will be crucial.

This chapter contains an interview with Emmanuel Ezenwere, CEO and Founder of Arone.