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The Report Covers Nigeria Freight and Logistics Market Statistics and is segmented by End User Industry (Agriculture, Fishing and Forestry, Construction, Manufacturing, Oil and Gas, Mining, and Quarrying, Wholesale and Retail Trade, Others) and by Logistics Function (Courier, Express and Parcel, Freight Forwarding, Freight Transport ...
- Nigeria Freight and Logistics Market Size - Mordor Intelligence
The market size of Nigeria's logistics industry is...
- Nigeria Freight and Logistics Market Size - Mordor Intelligence
6 Ιουν 2023 · With the African Continental Free Trade Area (AfCFTA), Nigeria now has free access to the entire African market, thereby improving the trade between the neighboring countries and impacting the logistics sector in the future. Implementation is, again, key for reaping these benefits.
This comprehensive analysis delves into the key aspects of the Nigeria freight and logistics market, providing valuable insights for industry participants and stakeholders. Meaning Freight and logistics refer to the management and coordination of the transportation and storage of goods.
Every year, the centre publishes an in-depth report of the logistics and supply chain industry in Nigeria. It is filled with insightful findings that have proven to be beneficial in navigating the African logistics industry. You can download an earlier issue of the report below for free.
The document summarizes the logistics sector in Nigeria. It discusses that the sector has grown steadily at 4% annually and is dominated by road transport which accounts for 95% of freight. Major drivers of growth in the sector include increasing trade volumes, population growth, private sector involvement, and infrastructure spending.
According to SPER Market Research, the Nigeria Logistics And Warehousing Market is estimated to reach USD 18.39 billion by 2033 with a CAGR of 6.91%. Warehousing and logistics envelop the cycles and exercises associated with the development and the executives of merchandise across different inventory network stages, from creation to utilization.
The market size of Nigeria's logistics industry is experiencing significant growth, driven by various factors including government initiatives to enhance air cargo competitiveness and the expansion of road infrastructure.
