Experts have emphasized how urgently Nigeria’s neglected logistics, courier, and transportation sectors—worth over N3 trillion, needs to be given priority by the federal government.
The Punch reported that this information was revealed during the “Logistics Solutions and National Infrastructure Development” conference and investiture, organized by the Courier and Logistics Management Institute and held in Lagos.
The Executive Chairman of CLMI, Prof. Simon Emeje, emphasized that the Nigerian government had not given the subject of courier, logistics, and transport management the attention it deserved because it was still relatively unexplored on a worldwide level.
He declared, “A nation cannot exist if it ignores the logistics, courier, and transportation sectors. The government can’t afford to overlook this industry because it is the bedrock of any economy.
“There is a significant opportunity for job creation as the logistics, courier, transport, and management industry commands an average asset worth over N3tn.
Emeje emphasized that without logistics, commerce was crippled.
“Imagine a manufacturer that produces goods, but lacks the logistics necessary to distribute or deliver them to the end users,” he remarked.
He emphasized the many benefits of logistics, from improving the supply chain and easing commerce to generating employment and accelerating economic growth.
Notwithstanding its indisputable importance, the Nigerian logistics industry is unable to realize its full potential due to obstacles like inadequate infrastructure and ineffective government regulations.
Emeje’s appeal for prompt action is in line with the industry’s critical function in maintaining and promoting economic growth.
“The lesson here is that the government ought to investigate this sector of the economy as it is significant and has the potential to generate millions of jobs for our young people.”
The previous minister of communications, Barr. Adebayo Shittu, encouraged the institute to create a thorough plan for government approval and offered support in encouraging participation.
Using the entertainment industry as a model, he and Prof. Emeje emphasized the importance of the sector and urged the Federal Government to create a ministry specifically tasked with fostering an environment that supports courier and logistics management.
