2020 in Review: High exchange rate, unending gridlock, poor evacuation of cargo constitute major setback to port business

Amaka Anagor Jan 1, 2021

The problem of congestion within the port terminal, which limited the capacity of Nigerian ports to discharge ships with laden containers, outbreak of deadly coronavirus (COVID-19) infection coupled with the lockdown and the nationwide #EndSAR protest against police brutality that made cargo evacuation near impossible

High exchange rate of the naira to dollar, unending gridlock on access roads to seaports in Lagos – Apapa and Tin-Can – as well as poor evacuation of cargoes have been identified as the major challenges that hindered the growth of Nigerian port business in 2020. In addition, the problem of congestion within the port…

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