Smart Ports innovation Can Unlock Nigeria's Economic Growth Potentials

Smart Ports innovation Can Unlock Nigeria's Economic Growth Potentials

Author: Africa Business Radio July 30, 2018 Duration: 16:27
Smart Ports generally has to do with inter-connectedness of the different components of a port, this can be simply referred to as internet of things, very much different from a smart port but more about inter-connectedness.
Major ports like the Lagos Port Complex, the Tin Can Island Port, Calabar Port, Port Harcourt, Delta Port and Onne Port experience tremendous volumes of sea and road traffic. Trucks and ships converge to carry exports out of the country (mostly commodities like oil) and imports into the country.
Nigeria imports a very high proportion of its consumer goods. Ships descend on the major ports at a relentless pace, serving the almost 200 million people in Nigeria, and much greater numbers in the surrounding regions.”
The volumes seen in Nigerian ports vastly outweighs what we see on even the busiest day in Durban, Kwa Zulu Natal, South Africa.
At Lagos’ ports, it’s not uncommon for trucks to queue for two to three weeks, waiting to get into the port. With poor road networks connecting the port, this has a ripple effect on traffic congestion levels throughout the city and represents a loss of productivity for the local economy.

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Tune into African Perspective for a grounded and detailed exploration of the continent's economic currents, brought to you by Africa Business Radio. This isn't just headlines; it's a deep dive into the mechanics, opportunities, and narratives shaping markets from Casablanca to Cape Town. Each episode moves between the granular details of a rising tech startup in Lagos and the broader, interconnected macroeconomic policies affecting trade across the 55 African Union member states. You'll hear analysis that connects local innovation to regional trends and global investment flows, offering a nuanced picture often missing from international coverage. The African Perspective podcast is built for professionals, investors, and anyone curious about the real drivers of business on the continent, providing context and insight that goes beyond the surface. By focusing on both the emerging ventures and the larger financial stories, the show paints a complete portrait of a dynamic economic landscape in constant evolution. Listen for authentic voices and expert commentary that make sense of a complex and rapidly changing environment.
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