Port monopoly: A threat to Nigeria’s economic growth

Port monopoly: A threat to Nigeria’s economic growth

Nigeria’s economy is paying a heavy price for its inefficient port operations. With the Lagos port handling over 80 per cent of imports, congestion and bureaucratic inefficiencies are stifling trade and economic expansion. As the country loses an estimated N7.6tn annually due to port congestion, it is clear that decentralising port operations is no longer

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