The report presented by the Director General of the African Centre for Supply Chain, Dr Obiora Madu, said that the value of the logistics sector as at 2017 was N200 billion in terms of the value of goods and services as well as the value of the decayed infrastructures.
He explained that the 2018 report was intended to drive organizations to scientifically manage their logistics operations with a view to increasing value for their businesses while keeping cost and capacity issue in check.“Health of available infrastructures and level of integration between them directly impact logistics access, cycle-time, reliable and cost.
CBN, stakeholders plan to abridge 17 million housing deficit, call for reform of laws regulating real estate In his review of the report, the Founder of Red Star Express, a courier and logistics company Mr. Sonny Allison, said that there is almost total lack of infrastructure at the level needed to fast track the development of the economy adding that with a 40% deficit in infrastructure availability, our quest for development begins under the water, as we first have to overcome that deficit before we begin to compete globally.
“Logistics is a cost centre and for it to be profitable to the Industry it must deliver a value that is far, far greater than its nominal cost.