Obiora Madu, Director General, African Centre for Supply-Chain (ACSC) has called on the federal government to develop a National logistic policy as this he says will help address the various challenges why Nigeria is still outperformed in the global trade mix.
Speaking at the unveiling of the institute second edition report on ‘Nigerian logistics and Supply Chain Industry’ he stated that aside from the policy, poor data, huge infrastructure deficit are also seriously impeding the expected increased growth in non-oil exports.
“Nigeria has the benefit of being located on the strategic axis in Africa, and boasts accessible trade routes and fast transit times to the world’s most attractive emerging markets but due to lack of adequate policies we are still lagging behind,” he noted
“Take for example the amount of resources wasted in Apapa every day, it shows the importance of the right logistic policy, what is experience is seriously affecting revenues of Nigerian manufacturers and logistic companies in their competitiveness in areas such as delivery times and product quality, and the responsiveness of producers to consumer requirements,” he said
“Our logistics infrastructure is insufficient, ill-equipped, ill-designed to support expected growth rates in the economy,” Obiora stressed
He further emphasized that the institute is determined to create a data driven industry that will make decision making easier for managers.
“Africa needs to invest heavily in transport and logistical infrastructure to support and enable the economic growth that awaits the continent hence the need for a continental platform to drive the development and promotion of supply chain practice in Africa.
On his part while reviewing the report, Deputy National President of the Chartered Institute of Logistics and Transport, Alban Igwe said Nigeria has continued to consistent underperformance on World Bank’s Logistics Performance Index is a reflection of time delays in international shipment, poor tracking and tracing capabilities, poor logistics quality and competence, an efficiency of customs clearance process, quality of trade and transport related infrastructure.
“The major focus of the report is finding out why Nigeria has relapsed again after a strong outing in global trade logistics performance from 121st position to 75th in 2014 and then a downward slip of 15 positions to 90th (2015) in the World Bank Logistics Performance Index.
Describing Nigeria as a sleeping giant, Igwe said that with the right policies Nigeria strategic geographical position is enough to make Nigeria a trade hub in Africa and the world.
He further called on stakeholders to make definite commitments towards sustaining the annual report, “the report is a sufficiently robust and technically insightful to stimulate conversation and actions towards confronting our logistics challenges as well as exploiting our opportunities,” he stressed