LAGOS, March 4 (Reuters) - It costs as much as five times
more to ship goods into Nigeria than it does to deliver items
via other African ports, consultancy SBM Intelligence said in a
note on Wednesday.
* SBM tracked shipments from the European Union into Appapa,
a key
import hub in Nigeria's commercial capital of Lagos, Durban in
South Africa and Tema in Ghana over three months.
* The results showed that total costs to get items into
Lagos are
five times higher than in Durban and three times higher than in
Tema.
* Local transport added the biggest amount, costing 10 times
much in Lagos compared with the other ports
* The figures are significant, as Nigerian businesses say
infrastructure pushes up costs and puts them at a disadvantage
as Nigeria prepares to enter the African Continental Free Trade
Agreement.
Nigeria Port Costs Outstrip Peers https://tmsnrt.rs/2VLr8Yi
Transit Cost From Ports Nearly 10x Higher In Lagos https://tmsnrt.rs/2TG56mQ
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