Logistics and supply chain analyst, Mr. Anukwuocha Paul Ody, has called for stronger investment in domestic production and urgent reforms in Nigeria’s port and logistics infrastructure as global conflicts continue to disrupt supply chains and drive up the cost of living.
In a policy commentary examining the impact of geopolitical instability on emerging economies, Anukwuocha said Nigeria’s heavy dependence on imports has left the country highly exposed to external shocks linked to wars, trade tensions and global shipping disruptions.
According to him, rising geopolitical conflicts are already pushing up the prices of food, fuel, medicine, industrial goods and other essential commodities across Nigeria.
“Wars fought thousands of kilometres away are quietly restructuring what Nigerians pay and, sometimes, cannot buy at all,” he stated.
Anukwuocha noted that Nigeria’s reliance on imported refined petroleum products, wheat, pharmaceuticals, machinery and electronics has made the economy particularly vulnerable to disruptions in global trade routes and international commodity markets.
