Nigeria loses N3.2trn annually to transport inefficiencies — Expert

By Providence Ayanfeoluwa
There are indications that Nigeria loses N3.2 trillion annually ($4billion) to transport inefficiencies,  including gridlock, poor modal integration and logistics fragmentation.
The Chairman of Global Transport Policy (GTP), Dr. Oluwasegun Musa, said this in his remark at the 2026 Annual GTP conference in Lagos.
He said that the country’s logistics cost as a percentage of Gross Domestic Product (GDP) stands at over four percent compared to a global best practice of under 1.5 percent.
Musa noted that road transport accounts for nine per cent of freight and passengers, while rail moves less than one percent.  He added that this imbalance inflates costs and ...