In a recent statement, Professor Simon Emeje, Executive Chairman of the Courier and Logistics Management Institute (CLMI), emphasized the untapped potential of Nigeria's logistics and courier sector, suggesting it could boost the country's GDP by as much as 60% if fully utilized. Emeje pointed out that the sector, currently valued at over ₦15 trillion, is operating at only 20% of its capacity. He highlighted the necessity for regulatory excellence and innovation to unlock this potential, which he believes is crucial for economic growth and job creation in Nigeria. This call for action was echoed during the CLMI's 2024 International Conference held in Lagos, where industry stakeholders urged the federal government to invest strategically in the logistics and transportation industry to enhance economic growth.
Dr. Sam Ohuabunwa, a prominent figure at the conference, underscored the importance of logistics for economic transformation, advocating for significant investments in infrastructure and improved access to credit. He noted that the logistics sector's current contribution to Nigeria's GDP stands at around four percent, with projections indicating it could reach ₦25 trillion if properly supported. Additionally, Benue State Governor Reverend Father Hyacinth Iormem Alia reaffirmed the state's commitment to enhancing its logistics sector, further emphasizing the regional importance of these initiatives.
Emeje criticized the federal government for not adequately harnessing the sector's capabilities, which he argues are vital for enhancing the overall economy. The upcoming CLMI International Conference, scheduled for November 14, 2024, in Lagos, is expected to attract significant attention, with Vice President Kashim Shettima as the special guest. The conference aims to address industry issues and explore ways to foster economic development through logistics.
This emphasis on logistics aligns with previous discussions on the necessity of infrastructure improvements in Nigeria, such as those highlighted by Chief Jerry Okechukwu Kalu, who advocated for enhanced rail connectivity in Southeast Nigeria. Kalu's call for collaboration between government and private sectors resonates with Emeje's vision for the logistics industry, suggesting that both sectors must work together to create a conducive environment for business growth. As Nigeria continues to seek pathways for economic resilience, the insights from both Kalu and Emeje underscore a broader narrative about the critical role of logistics and infrastructure in driving the nation's economic future. The integration of these sectors could potentially lead to significant advancements in trade efficiency and overall economic performance, making the upcoming conference a pivotal moment for stakeholders in the logistics and courier industry.