Nigeria Aims to Boost Port Competitiveness Amid High Costs

Nigeria is addressing the high costs of clearing containers at its ports, which are significantly more expensive than in neighboring Benin Republic, in an effort to enhance competitiveness and reduce trade barriers.

2 Jun, 23:45 — 2 Jun, 23:45

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vanguard-ngMixed88d ago

Making Nigerian ports competitive

Clearing a 20-foot container in Cotonou ports, Benin Republic costs N7–8 million versus N14–15 million in Nigeria. A 40-foot container costs N13–14 million in Benin versus N19–20 million, sometimes hitting N25 million in Nigeria’s ex-bonded terminals. Importers save N3–4 million per box by routing through Cotonou. This stark N18 million gap reveals a crisis eating […] The post Making Nigerian ports competitive appeared first on Vanguard News.

By Emmanuel Okogba

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Nigeria Aims to Boost Port Competitiveness Amid High Costs

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Making Nigerian ports competitive

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