Business Hilights

Tracking Nigeria's Headline Business News Online

NSC Bello H

Nigeria in need of robust logistics sector to galvanize economy—Bello

Ad 2
Ad 3

The Executive Secretary, Nigerian Shippers’ Council (NSC), Hassan Bello has drawn fresh roadmap towards economic sustainable diversification in Nigeria.
Speaking during recent as a Chartered Fellow, Chartered Institute of Logistics and Transport (CILT), averred that until we get logistics sub-sector right, galvanization of the Nigerian massive economy will remain elusive.
In his submission, “Apart from the issues of access to finance and market, I think getting our logistics right is one of the things we should concentrate on. If we get our logistics right, I think it will be pertinent to know that we are already on the part of development. Our economy will be galvanised, our economy will be diversified, and we will have clusters of industries and employment for our people.”
Bello further argued that “A robust logistics sector will generate jobs and grow the economy and inclusiveness, and that’s why it is important that apart from the issues of access to finance and market. I think to get our logistics right is one of the things we should concentrate.
“Your institute is not for capacity building but as an agent of change to ensure that Nigeria gets its logistics right to cut the cost of transportation, which is high, because if we look at cost of production, transport will constitute larger percentage and we should not tolerate this. With efficient logistics chain, we will be able to cut this to the barest minimum. Logistics is a science that is indispensable to the development of this country,” Shippers’ Council boss said.
On what his agency is doing to fast track development of the logistics sub-sector, Bello listed Truck Transit Park (TTP) and Inland Dry Port (IDP) projects, saying the Council is ready to partner with CILT in its capacity building programmes.

Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.