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Nigeria Handles Just 1.6 Million Containers Annually—Logistics Hurdles Need Fixing
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5 hrs ago
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Infinity Media
5 hrs ago“According to DP World Sub-Saharan Africa CEO Mohammed Akoojee, Nigeria’s ports process only 1.6 million containers a year—just a fraction of their true potential. Rampant inefficiencies across ports, roads, and logistics chains are inflating costs and holding back trade. However, investments in AI, blockchain, and port infrastructure offer a path to transforming Nigeria into a global trade hub.”
Although Nigeria’s ports manage around 1.6 million containers annually, this volume pales in comparison to what the nation could achieve, as highlighted by logistics expert Mohammed Akoojee, CEO of DP World Sub-Saharan Africa.
Bottlenecks Undermine Trade Growth
Akoojee draws a revealing comparison: despite having a population comparable to Indonesia, Nigeria processes just one-fifth of its container traffic . The root of this shortfall, he asserts, lies not in low demand but in deep-seated inefficiencies across the supply chain—ranging from port congestion and delayed clearances to poor road infrastructure and exorbitant logistics costs.
Logistics Costs Slash Consumer Affordability
The cost of logistics in Nigeria currently consumes nearly 15% of GDP, nearly double the global norm of 6–8%. In extreme cases, logistics can account for up to 75% of a product’s total cost, dramatically reducing affordability and undermining economic sustainability .
Technology: The Key to Unlocking Efficiency
To tackle these challenges, DP World is investing substantially in port infrastructure, warehousing, and distribution networks to reduce inefficiencies . Emphasizing the transformative potential of innovation, Akoojee notes the role of AI, blockchain, and remote-operated terminals in enhancing transparency and streamlining operations .
With an extensive footprint that includes over 8,000 trucks, multiple terminals, and more than 1 million square meters of warehousing across Africa, DP World leverages massive datasets. AI tools help them predict trends, optimize pricing, and position Africa more competitively in global trade.
Nigeria’s Promise Remains Strong
Despite structural hurdles, Akoojee remains optimistic. After 15 years operating in the country, he believes that recent fiscal and monetary reforms are gradually restoring investor confidence . With Nigeria poised to become the world's third-largest population, its vast consumer market is simply too significant to overlook.