• Wednesday, February 12, 2025
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Nigeria’s storage crisis opens N160bn opportunity for investors

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Nigeria’s storage infrastructure crisis presents an opportunity worth as much as N160 billion in market valuation for daring investors, according to the GMI Research estimate.

An estimated 11 million metric tons of fresh fruits and vegetables are transported annually across Nigerian cities.

According to the International Trade Administration (ITA) report on Nigeria's Cold Chain Industry, handling this volume requires 25,000 refrigerated trucks, but Nigeria has fewer than 1,000, creating a deficit