"Africa accounts for up to 12% of the world population but produces only 1% of the global GDP & only 2% of world trade. 6 of the 10 fastest-growing economies in the world are in sub-Saharan Africa. This underscores the fundamental need for rapid infrastructure transformation."
"For Nigeria, the ultimate solution is to provide a viable port alternative in the east of the country, serving cargo bound for the east and north of Nigeria,” says Wadey."
Darron Wadey, a senior shipping analyst at Dynamar, a Netherlands-based consultancy.
Darron Wadey, a senior shipping analyst at Dynamar, a Netherlands-based consultancy.
What Ghana has done is fantastic. They not only addressed the port but also logistics & the roads. Nigeria has these challenges but Lekki port & these added initiatives are really good, & helpful but things have to become decentralised, & at the moment it just takes too long.
"Nigeria has lost transhipment business to Lomé, and is losing African transit cargo to Tema Ghana, a hub equipped with modern electronic scanners. By contrast, Nigeria’s port technology is often redundant."
"Togo is a slither of a country so they can’t have so much cargo, that’s for sure. But they now have a modern deepwater terminal, modern handling facilities, and they’ve turned Lomé into a transhipment port that’s also proving an exception to the rule by also attracting cargo,”
"The Port of Lagos is Nigeria’s primary seaport, but like all of the country’s ports, it faces efficiency problems. The Dangote refinery was originally expected to start production in 2016, however, the deadline was postponed to the end of 2019 following a change of location."
"The inefficient ports in Lagos have been held liable for the slow progress of what will be the largest refinery in Africa, a fact highlighted by executives citing problems with the importation of steel"
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