Nigeria’s transport network has expanded in recent years to accommodate a growing population. The transport and storage sector was valued at N2.6trn ($6.9bn) in current basic prices in 2020, down from N3trn ($8bn) in 2019, according to the National Bureau of Statistics (NBS). This was reflected in a lower contribution to GDP, at 1.8% in the fourth quarter of 2020, down from 2....
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Articles & Analysis | Multi-modal transport links to boost Nigeria’s competitiveness from The Report: Nigeria 2022
Chapter | Transport and Logistics from The Report: Nigeria 2022
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...
With a population of over 200m, Nigeria is a large and diversified economy, despite the government’s reliance on oil and gas revenue. While the Covid-19 pandemic and subsequent oil price crash caused a contraction in economic growth in 2020, it also led to rapid digitalisation across commerce, education and communication. This shift is expected to put Nigeria in a favourable position for recovery in the medium term.
Articles & Analysis | Supply chain disruptions during the pandemic accelerated logistical trends from The Report: Sharjah 2021
From national lockdowns to closed airspace and borders, Covid-19 resulted in unprecedented disruption to the mechanics of most economies, regardless of their size or stage of development. In particular, such barriers placed a major strain on global supply chains. This was felt most keenly in the case of essential linkages for food and medicine, and the global distribution of...
Articles & Analysis | Transport mega-projects support Sharjah as gateway to other emirates from The Report: Sharjah 2021
Sharjah’s strategic location between Europe and southern Asia has enabled it to become a central player in global transport and logistics networks. Its manufacturing sector with ample resources has the potential to increase import and export cargo volumes, leading to the creation of jobs. The importance of this was highlighted in the 2021 launch of the Sharjah Exports...
Interviews & Viewpoints | Charles Menkhorst, CEO, Gulftainer: Interview from The Report: Sharjah 2021
How will the challenges associated with the Covid-19 pandemic influence logistics in the future?