• Advertise
  • Opinion
  • Features & Interviews
  • Investigation
  • Contact
Tuesday, January 31, 2023
  • Login
No Result
View All Result
NEWSLETTER
The Lagos Today
  • Home
  • News
    • Lagos News
    • National News
    • World News
  • Entertainment⚡ by CRAWL
    • All
    • Art & Design
    • Books
    • Movie
    • Music
    • Sports
    Why Arsenal Are Winning- Guardiola

    Why Arsenal Are Winning- Guardiola

    Falcons Coach picks Ebi, Oshoala, 21 others for Revelation Cup in Mexico

    Falcons Coach picks Ebi, Oshoala, 21 others for Revelation Cup in Mexico

    Tottenham Sign Nigeria-born Danjuma On Loan From Villarreal

    Tottenham Sign Nigeria-born Danjuma On Loan From Villarreal

    Beyonce rakes in $320k per minute for Dubai concert 

    Beyonce rakes in $320k per minute for Dubai concert 

    Chelsea Agree £29m Deal For PSV Forward, Madueke

    Chelsea Agree £29m Deal For PSV Forward, Madueke

    Pele Leaves Millions In Will For Out Of Wedlock Daughter He Denied

    Pele Leaves Millions In Will For Out Of Wedlock Daughter He Denied

    Eight states register for NSSFF American Football Championship

    Eight states register for NSSFF American Football Championship

    Big Brother Titans: 20 Housemates Compete For $100,000

    Big Brother Titans: 20 Housemates Compete For $100,000

    Kenya Suspends 16 Players And Coaches For Match-fixing

    Kenya Suspends 16 Players And Coaches For Match-fixing

    Police Summon OAP Do2dtun Over Alleged Domestic Violence

    Police Summon OAP Do2dtun Over Alleged Domestic Violence

  • Opinion
  • Business
  • Features & Interviews
  • Best Of Lagos
    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    A Rare Hobby: Sports Fishing In Lagos

    A Rare Hobby: Sports Fishing In Lagos

    Chef Nkesi- Experiencing Different Cultures Through Food

    Chef Nkesi- Experiencing Different Cultures Through Food

    Wumi Jubril: Creating Memorable Experiences

    Wumi Jubril: Creating Memorable Experiences

    Nordic hotel

    Nordic Hotel Makes Grand Debut in Lagos

  • Things To Do
  • Home
  • News
    • Lagos News
    • National News
    • World News
  • Entertainment⚡ by CRAWL
    • All
    • Art & Design
    • Books
    • Movie
    • Music
    • Sports
    Why Arsenal Are Winning- Guardiola

    Why Arsenal Are Winning- Guardiola

    Falcons Coach picks Ebi, Oshoala, 21 others for Revelation Cup in Mexico

    Falcons Coach picks Ebi, Oshoala, 21 others for Revelation Cup in Mexico

    Tottenham Sign Nigeria-born Danjuma On Loan From Villarreal

    Tottenham Sign Nigeria-born Danjuma On Loan From Villarreal

    Beyonce rakes in $320k per minute for Dubai concert 

    Beyonce rakes in $320k per minute for Dubai concert 

    Chelsea Agree £29m Deal For PSV Forward, Madueke

    Chelsea Agree £29m Deal For PSV Forward, Madueke

    Pele Leaves Millions In Will For Out Of Wedlock Daughter He Denied

    Pele Leaves Millions In Will For Out Of Wedlock Daughter He Denied

    Eight states register for NSSFF American Football Championship

    Eight states register for NSSFF American Football Championship

    Big Brother Titans: 20 Housemates Compete For $100,000

    Big Brother Titans: 20 Housemates Compete For $100,000

    Kenya Suspends 16 Players And Coaches For Match-fixing

    Kenya Suspends 16 Players And Coaches For Match-fixing

    Police Summon OAP Do2dtun Over Alleged Domestic Violence

    Police Summon OAP Do2dtun Over Alleged Domestic Violence

  • Opinion
  • Business
  • Features & Interviews
  • Best Of Lagos
    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    Lagos welcomes The Art hotel: A flamboyant 5 star Business Boutique Hotel

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    A Rare Hobby: Sports Fishing In Lagos

    A Rare Hobby: Sports Fishing In Lagos

    Chef Nkesi- Experiencing Different Cultures Through Food

    Chef Nkesi- Experiencing Different Cultures Through Food

    Wumi Jubril: Creating Memorable Experiences

    Wumi Jubril: Creating Memorable Experiences

    Nordic hotel

    Nordic Hotel Makes Grand Debut in Lagos

  • Things To Do
No Result
View All Result
The Lagos Today
No Result
View All Result
Home Business

Nigeria’s cargo traffic is low amidst massive global demands

by Segun Adewunmi
September 9, 2022
in Business
5 min read
0
0
23 New Airlines Debut in Nigeria as Aviation Sector Records Post-Lockdown Rebound
Share on FacebookShare on Twitter

Despite the massive demand for Nigeria’s goods globally, the country’s cargo traffic remains low among the top African airports ranking by freight traffic.

Nigeria has one of the most nutritious fruits in the world but demand and supply are not meeting at the moment, with China, India, and some Europe countries seeking these products.

According to the Airports Council International, ACI, Nigeria Murtala Muhammed Airport Two, ranked fifth in Africa, as it handled only 204,649 tonnes of goods in 2021 as against Jomo Kenyatta International Airport which tops the list with over 363,204 tonnes of cargo in the same year.

A total of 2.15 million metric tons of cargo transited through African airports, representing around 1.7 per cent of the global cargo volume.

However, stakeholders have faulted the Federal Government’s inability to provide information on where things are being produced, the market and service providers capable of utilising these opportunities.

They argued that they have always made assets available for traders in the last 40 years, but the federal government and the regulatory bodies have not really been involved in the process.

Speaking at the ongoing second Aviation and Cargo Conference 2022, CHINET, in Lagos, Chisco Logistics, Chief Executive Officer, Obinna Anyaegbu, noted that it is very important for everyone in the industry to play their role, as they are not to play all roles.

He said: “We need more African products. We need patriotism. People are moving out of Nigeria yet we have very good soil to plant and harvest.

“We have these products but we lack markets for these products. Chinese people want to eat our bananas, plantain and pineapples. We have one of the most nutritious fruits in the world but demand and supply are not met at the moment.

“We plan to bridge this gap as a company. We have always made assets available for traders and this is what we have done for the last 40 years. But government and the regulatory bodies have to be involved.

“We have seen aviation investments go bad, so if we have to do this in the aviation sector, we want to ensure we do this correctly with the government parastatals and traders that have contracts for supply in Europe and other parts of the world.

“There are cargo planes and passenger bellies that go out of Nigeria empty. But there are also rotten fruits in the farm. So at the moment, there is a gap. So we will have been doing well are trying to consolidate and see how we can play in this regard. We are a logistic solution.

“When you look at Nigeria’s Gross Domestic Product, GDP, about 10 to 13 percent of the GDP is from the Logistics sector because this is about commerce and production. We eat and drink every day and things have to move around.

“We need to pay for logistics. Nigeria’s logistics market is about $60 billion market. If you say our GDP is between $500 to $600 billion market, so 10 percent of this or more amounts to $60 billion.

“For now, we try to gather information to enable us to bring in assets. We want to bring in assets but it has to be in the right way. We have to see off-takers and agree on what the products are.

“We do not see the products. We have actually ventured into the market. We have leased an airplane two years ago, doing Lagos-Accra when our vehicle service was down. Because every single day we move from Lagos to Accra by bus and trucks.

“But when COVID-19 hit, we leased an airplane because we had no goods to move. It was a 14-tonne 737 airplane and we were struggling to get two tonnes in a week. We saw that the biggest player on the route was DHL and they were bringing about 70 to 80 tonnes into Nigeria and moving it across West Africa.

“So it is mostly imported goods that are moving via the African routes. Kenya is taking out a lot and they have a great supply contract. They meet the international standards.”

Also, the President of Aircraft Owners and Pilots Association of Nigeria, Alex Nwuba, noted that, “We call them cargo airports but they are just airports. They just have that name cargo because they are built by State governments but it doesn’t mean that we can’t take advantage of that structure.

“The comparative advantage is where these airports exist. Anambra has a strategy for producing agricultural products and vegetables for domestic and international markets. You cannot move this by road. The airport will be useful to achieve this.

“Anambra is a huge industrial and commerce-based economy and some of these things that are produced within that economy and taken out of that economy will take advantage of that airport. There is a potential for tourism that exists in Yobe State.

“In Calabar, there is potential for tourism. The state government is building a new airport at Ogudu to bring you closer to that experience. We can take advantage of this. Airports are nothing more than real estate. We can take advantage of this.

“There are opportunities. The logistics companies have said they have the trucks and means to move goods, the aviation sector said they have the airplanes. We know that there are goods produced in different parts of the country.

“The information gap exists because there has been no real mechanism. This is driven by the Ministry of Commerce and Information to provide information on where things are being produced, where the market for those items are and all the service providers can cease some of these opportunities.

“We are lacking the information on where things are and the market for those items. We need this market intelligence, so that service providers can take advantage of those opportunities.”

Follow us on social media
  • Facebook
  • Twitter
  • Instagram

Share this:

  • Twitter
  • Facebook

Like this:

Like Loading...
Tags: Export CargoNigeria
Previous Post

Despite increased Liquidity, Banks borrow N124.6bn from CBN

Next Post

Price of war: UK and EU throw $500 billion at energy subsidies

Segun Adewunmi

Segun Adewunmi

Related Posts

Naira Gains Across Forex Markets Amid CBN Intervention

Banks Will Accept Old Naira Notes After Deadline – Emefiele 

by Idonosan Debe
January 31, 2023
0

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says banks will continue to accept old naira notes after the...

Manufacturing Firms Borrowed N570bn From Commercial Banks in 2020 Amid Covid-19 Pandemic

Alleged Data Breach: NDPB Investigates GT, Zenith Banks

by Idonosan Debe
January 31, 2023
0

The Nigeria Data Protection Bureau (NDPB) has commenced investigation into allegations of data breach by Guarantee Trust and Zenith Banks....

Next Post
Price of war: UK and EU throw $500 billion at energy subsidies

Price of war: UK and EU throw $500 billion at energy subsidies

Please login to join discussion

Recommended

El Salvador’s Bitcoin Legislation To Become Effective September 7

El Salvador’s Bitcoin Legislation To Become Effective September 7

2 years ago
Exchange of fire across Israel-Lebanon border: Israeli media

Exchange of fire across Israel-Lebanon border: Israeli media

3 years ago

Popular News

    Newsletter

    Connect with us

    Tags

    #EndSARS 2023 Elections 2023 polls 2023 Presidency Academic Staff Union of Universities (ASUU) ACCIDENT Africa All progressives Congress APC Asiwaju Bola Tinubu ASUU Strike Babajide Sanwo-Olu Bitcoin CBN Central Bank of NIgeria Central Bank of Nigeria (CBN) China Coronavirus pandemic Covid-19 Covid-19 in Lagos Covid-19 in Nigeria Covid-19 Vaccine Cryptocurrency Donald Trump Drug Trafficking EFCC Federal Government Federal Government of Nigeria Fraud Gov. Sanwo-Olu Insecurity Lagos-Ibadan expressway Lagos state Lagos State Government Lagos State Police command Muhammadu Buhari Murder Naira NDLEA Nigeria Rape Strike action UK United states US

    News

    • Business
    • National
    • Politics
    • Tech

    Opinion

    • Editorials
    • Today’s Opinion
    • Letters
    • Sunday Review
    • Advertise
    • Opinion
    • Features & Interviews
    • Investigation
    • Contact

    © 2020 The Lagos Today - Nkali.

    No Result
    View All Result
    • Home
    • News
      • Lagos News
      • National News
      • World News
    • Entertainment
    • Opinion
    • Business
    • Features & Interviews
    • Best Of Lagos
    • Things To Do

    © 2020 The Lagos Today - Nkali.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms bellow to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    %d bloggers like this: