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FG urged to raise national competitiveness to boost trade

26 September 2013, 15:29

Lagos -  Dr Chris Asoluka, Chairman, Oil and Gas Free Zone Authority, Onne, has called on the Federal Government to raise international competitiveness of Nigeria to boost inflow of foreign direct investment.

Asoluka made the call at the second Induction Ceremony and Fellowship Investiture of the African Centre for Supply Chain on Thursday in Lagos.

He said that this could be achieved through a national logistics strategy.

Asoluka said that national competitiveness in local and international trade would enable the country to determine it logistics performance index.

He said that Nigeria was ranked 93 in competitiveness by World Bank and the country’s position was due to its poor logistics policy.

“The national logistics strategy is expedient because it is all about low service cost and high customer service.

“The achievement of 24-hour cargo clearance at the ports is not the only solution to the problem of logistics in Nigeria because the access roads are still an eyesore.

"There are other issues that need attention like ease of international shipments, logistics competence, tracking capabilities, domestic logistics costs, timeliness and consistency,” Asoluka said.

Obiora Madu, a director in the authority, said that the logistics sector required urgent attention in time of emergencies.

According to Madu, our logistics preparedness in time of emergency is insufficient both in transport and other emergencies.

“A way by which this can be fostered is by enlisting logistics and supply chain management at degree levels and not just at Masters level in Nigerian universities.

 “We appeal to stakeholders and the government to align policies for the growth of this sector to boost foreign direct investment and local trade transactions,” he said.



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