Nigeria has joined hands with World Logistics Partner to improve its economic efficiency through improved global trade flow.
World Logistics Partner is a private sector-led initiative that is designed to enhance the global trade flow while unlocking market access by creating new trade routes.
After joining hands with World Logistics Passport, Nigeria will become a strategic hub in West Africa.
Nigeria has become the eleventh country of Africa to join the World Logistics Passport. Council for the Regulation of Freight Forwarding will be acting as coordinating partner.
Other African countries that are members of World Logistics Partner are Guinea, Burkina Faso, Mozambique, Zimbabwe, Botswana, Ethiopia, Kenya, Morocco, Senegal and South Africa.
The partnership with the World Logistics Partner network will open the doors for Nigerian traders and this will help in the smooth cargo operations by enhancing connectivity and efficiency.
This will make the trade routes cheaper and further the access to the new markets will become faster available to Nigeria. This will also enhance trade operations in Latin America, Asia and across other African continents.
Logistics companies all across the globe like TCS and VRL are seeing growth due to the bloom of e-Commerce companies, especially during the pandemic time.