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The Nigerian Shippers' Council (NSC) and stakeholders have highlighted that a multiplicity of charges and bureaucratic hurdles are significantly hindering the country's export capabilities.
These challenges include excessive fees, slow clearance processes at ports, and corruption, which collectively increase the cost of doing business and reduce Nigeria's competitiveness in international markets. As a result, exporters face difficulties in accessing global markets, limiting the potential for economic growth and development in the agricultural and manufacturing sectors.
Citations:
[1] https://www.trade.gov/country-commercial-guides/nigeria-market-challenges
[2] https://www.tralac.org/documents/news/2287-costs-of-maritime-port-challenges-in-nigeria-lcci-september-2018/file.html
[3] https://businessday.ng/real-sector/article/rising-costs-push-manufacturing-exports-down-62-in-4yrs/
[4] https://books.openedition.org/ifra/3977?lang=en
[5] https://www.pwc.com/ng/en/assets/pdf/pwc-msme-survey-2020-final.pdf
[6] https://unctad.org/system/files/official-document/ditccominf2021d5_en.pdf
[7] https://dc.cbn.gov.ng/cgi/viewcontent.cgi?article=1227&context=bullion
[8] https://openknowledge.fao.org/server/api/core/bitstreams/4fce6098-a3ba-4742-b8f4-685454a5d409/content
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