Maersk's Regional Head of Integration and Business Growth, Darryl Judd, urged Nigerian leaders to invest in modern digital solutions to improve supply chain inefficiencies.
To meet increasing demands for goods and services in Nigeria and other African cities, Regional Head of Integration and Business Growth, Maersk, Mr. Darryl Judd, has charged the Nigerian government and leaders across the continent to improve investment in modern digital solutions to tackle emerging inefficiencies in supply chains.
However, intra-African trade only corresponds to 14 per cent of the total trade, owing to high tariff and non-tariff trade costs. For instance, agriculture contributes to 15 per cent of Africa’s Gross Domestic Product and 60 per cent of Africa’s employment. The use of mobile apps, digital payments and an increase in e-commerce are levers that could improve intra-African trade from agricultural produce and substitute imports.
He said digital solutions, like block chain initiatives, trade lane, artificial intelligence and others would provide needed visibility of the market. MEANWHILE, a group, under the aegis of African startups, yesterday, urged leaders in Nigeria and the continent to address challenges making it difficult for startups to operate efficiently and scale their businesses.
The Chief Executive Officer, Duplo, Yele Oyekola, said the challenge of startups in Nigeria is not about talents but exposing the young population to quality education.
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