ports – InfoStride News

‘Illegal container sales cost Nigeria N600bn’

Temitope Nlewemchi — Sun, 07 Jun 2026 22:46:01 +0000

Nigeria is losing an estimated ₦600 billion annually to illegal container sales and related sharp practices within the ports and logistics value chain, according to industry concerns highlighted by maritime and trade stakeholders. The figure underscores growing worries about revenue leakages, weak enforcement mechanisms, and inefficiencies in port operations that continue to undermine government revenue [...]

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Technology Deployment Will Eradicate Corruption at Ports — Expert

Temitope Nlewemchi — Tue, 31 Dec 2024 02:04:38 +0000

The adoption of advanced technology at Nigeria’s ports has been identified as a crucial step in eliminating corruption and inefficiencies, according to a logistics and maritime expert. Speaking at a recent industry forum, the expert emphasized that digital transformation could streamline port operations, improve transparency, and significantly reduce human interference, which often leads to corrupt [...]

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Forex Crisis Grounds Four Inland Dry Ports Projects

Temitope Nlewemchi — Tue, 15 Oct 2024 22:03:51 +0000

Nigeria’s foreign exchange (forex) crisis has severely impacted the development of four major inland dry port projects across the country, bringing them to a standstill. These dry ports, designed to ease congestion at seaports and promote efficient cargo distribution inland, are crucial components of Nigeria’s infrastructure development strategy. However, due to the ongoing forex shortage, [...]

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Fixing Nigeria’s export gateways, making RT200FX work for all

Temitope Nlewemchi — Sat, 12 Mar 2022 22:05:19 +0000

The National Bureau of Statistics (NBS) disclosed that the nation recorded a deficit trade balance of about N3.02 trillion in the third quarter of 2021 as the value of imports continued to outweigh exports. In its latest report on foreign trade in goods, the NBS revealed that total exports stood at N5.13 trillion in [...]

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