Transport and Logistics

Transport & Logistics in Nigeria

Nigeria with a population of close to 170 million is without doubt the largest market in Sub-Saharan Africa and thus portends a huge opportunity for transportation and logistics service providers. Industry reforms and investments into the sector are yielding some improvements in service provision, there is gradual but steady infuse of revolutionary technology solutions and this is having a multiplier effect on the industry in general.

Road transportation accounts for more than 80% of passenger and freight movement in the country; government is revitalizing the railway network to service large proportion of this movement. The aviation sub-sector is also being transformed to a more user friendly and affordable mode of transport. Similarly, the capacity of the inland waterways is being built to effectively complement the other modes of transport.

To develop transport infrastructure and facilitate Private Sector Participation government has established the Infrastructure Concession and Regulatory Commission (ICRC) to manage the selection, development, procurement, implementation and monitoring of Private Public Partnership (PPP) projects. This gave rise to companies like the Lekki Concession Company (LCC) which constructed and tolls the Lekki-Epe expressway in Lagos Nigeria on a BOT (build-operate-transfer) model of infrastructure delivery for a 30 year concessionary plan.