The Chief Operating Operation of a pan-African logistics firm, Lori Systems, Uche Ogboi, has said 70 per cent of vessels at Nigerian ports suffer delays of over 40 days as a result of the cumulative C
OVID-19 lockdown in the country since March.
She said, “The lockdown caused a significant increase in cost. If we start all the way from the vessels in Nigeria, 70 per cent of vessels were delayed by more than 40 days. So, even though the imports did increase, there were massive delays. While noting that the rising cost of importation in agribusiness would ultimately make a case for local sourcing, she argued that the local market was not ready.
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