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By Cynthia Alo
Stakeholders in the transport and logistics sector have said Nigeria is losing between N3.5 trillion and N5 trillion every year as about 40 million metric tonnes of food are wasted due to logistics challenges across the country’s food supply chain.
They said poor road infrastructure, multiple illegal checkpoints, inadequate storage facilities and an inefficient transport system continue to delay the movement of farm produce from farms to markets, leading to huge post-harvest losses, rising food prices and threats to food security.
The stakeholders disclosed this at the 10th Anniversary Lecture of City Business News in Lagos on Thursday, themed, “Logistics as the Engine Room of Nigeria’s Economy.
