Transport and Logistics
From The Report: Nigeria 2022
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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 the road and port segments, with urban rail projects progressing more slowly. As Nigeria is the most populous country on the continent, investors continue to see notable potential in the transport sector but have traditionally been deterred from investing in other areas of the economy because of concerns about infrastructure capacity. As such, redoubled cooperation between the public and private sectors to develop multi-modal nodes will be crucial.

This chapter contains an interview with Emmanuel Ezenwere, CEO and Founder of Arone.

Articles from this Chapter

Overview

Road to expansion: A focus on multi-modal connections to improve efficiency and boost competitiveness, while relieving strain on existing systems
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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 2.1% during the same period the previous year but higher than the 0.8% recorded in the third quarter of 2020. One of the most…

Analysis

Unified approach: Regional agreements are expected to enhance trade and ease of movement across the continent
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Nigeria has prioritised improving its business climate in recent years, with an emphasis on developing its logistics and trade facilities. These efforts have paid off, with the country having the 10th-most improved ranking in the 2020 edition of the World Bank’s ease of doing business index. Improving 15 places from 2019, Nigeria’s overall score placed it 131st out of 190 countries in 2020 on the back of gains in six out of the 10 categories – including trading across borders. In this area,…

Interview

Remote flight: Emmanuel Ezenwere, CEO and Founder, Arone, on how drone deliveries can disrupt logistics services
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Interview:Emmanuel Ezenwere To what extent will drones impact the Nigerian economy in the near future? EMMANUEL EZENWERE: First of all, I envision drones will have a large impact on the health sector, making vital medical supplies more accessible to hospitals and primary health care centres that can not adequately store blood, certain vaccines and medicines. The capacity to transport medical supplies on demand from a central storage facility to clinics will greatly improve the provision of…