Close Menu
  • Home
  • Entertainment
  • National
  • International
  • Tech
  • Politics
  • Sports
  • PMNI
  • More
    • Business
    • Culture
    • Education
    • History
    • Health
  • Featured
    • Fishe Travel
    • Fishe Media
    • Fishe TV
Facebook X (Twitter) Instagram
FISHE NEWS
  • Home
  • Entertainment
  • National
  • International
  • Tech
  • Politics
  • Sports
  • PMNI
  • More
    • Business
    • Culture
    • Education
    • History
    • Health
  • Featured
    • Fishe Travel
    • Fishe Media
    • Fishe TV
Facebook X (Twitter) Instagram
FISHE NEWS
Home»Business»Maritime Logistics Costs Nigeria N2.5 Trillion Annually
Business

Maritime Logistics Costs Nigeria N2.5 Trillion Annually

Omolemi EboisetaleBy Omolemi EboisetaleSeptember 26, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Nigeria loses a staggering N2.5 trillion annually due to inefficiencies in maritime logistics, according to Truck Transit Parks (TTP), promoters of the Electronic Call up System (ETO).

The Managing Director of TTP, Mr. Jama Onwubuariri, revealed this at the 2025 Transportation Correspondents Association annual conference. He attributed the massive loss to gridlock crises and extortion at ports.

The cost surged due to inefficiencies and extortion as transporters could not work efficiently. “Cost surged due to inefficiencies and extortion as transporters could not work efficiently as only 50 trucks were evacuated daily from one terminal operator,” Onwubuariri said. This has led to increased costs and reduced productivity.

During the gridlock crisis, traffic stretched from Cele Expressway to Maryland in Ikeja, as trucks queued endlessly to access Apapa and Tin Can Ports. Onwubuariri emphasized the urgent need for collaborative partnerships between government, private sector, and regional bodies to drive progress in the logistics sector.





Deployment of digital tools like TTP’s Ètò App has revolutionized traffic management at the ports in Lagos. This technology has the potential to transform the maritime industry by streamlining operations and reducing costs. Onwubuariri noted that such partnerships are key to successful logistics sector reforms.

The inefficiencies in maritime logistics have far reaching consequences on the economy, including increased costs, reduced productivity, and decreased competitiveness. The Lagos Chamber of Commerce and Industry (LCCI) and the Nigerian Shippers’ Council (NSC) have also highlighted the need for reforms.

The Nigerian Ports Authority (NPA) has started port modernization projects across Apapa and Tin Can, including upgrades and automation of terminal operations. This move is expected to improve efficiency and reduce costs in the maritime sector.

Development Digitalization Infrastructure logistics Loss Maritime N2.5 Nigeria PortReforms Sector Transportation Trillion
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Omolemi Eboisetale
  • Website

Related Posts

100 Days To Nigeria’s 2027 Election: The Ballot, The Battle And The Burden

October 5, 2026

Nigeria’s Data Needs To Return Home. But Is Our Infrastructure Up To The Task?

October 4, 2026

Nigeria Begins Local Production Of Next-Generation Malaria Nets As Harvestfield Opens New Front In Health Manufacturing

October 2, 2026

Comments are closed.

Here is spotlighting many benefits of journeying with either Lagos State’s Blueline or Redline rails for a hassle-free day, week, month and year. Thank God for the Igbega Eko. Together we rise.
https://youtu.be/V67GV8wgyjw

Latest Posts

  • BREAKING IN THE NEWS: Several Feared Dead As Helicopter Crashes In Igbokoda, Ondo State
  • 100 Days To Nigeria’s 2027 Election: The Ballot, The Battle And The Burden
  • Nigeria’s Data Needs To Return Home. But Is Our Infrastructure Up To The Task?
  • Nigeria Begins Local Production Of Next-Generation Malaria Nets As Harvestfield Opens New Front In Health Manufacturing
  • From Appropriation To Impact: What The 2025 Budget Extension Means For Citizens

LATEST POSTS

BREAKING IN THE NEWS: Several Feared Dead As Helicopter Crashes In Igbokoda, Ondo State

October 5, 2026

100 Days To Nigeria’s 2027 Election: The Ballot, The Battle And The Burden

October 5, 2026

Nigeria’s Data Needs To Return Home. But Is Our Infrastructure Up To The Task?

October 4, 2026

Nigeria Begins Local Production Of Next-Generation Malaria Nets As Harvestfield Opens New Front In Health Manufacturing

October 2, 2026

From Appropriation To Impact: What The 2025 Budget Extension Means For Citizens

October 1, 2026

Subscribe to Updates

Get the latest news from FISHE about politics, economy, health and business, etc

Facebook X (Twitter) Instagram Pinterest
© 2026 ThemeSphere. Designed by ThemeSphere.

Type above and press Enter to search. Press Esc to cancel.