• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, June 2, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Logistics Industry To Grow Over $3trn By 2030

by Innocent Odoh
3 weeks ago
in Business
Oduwole

Oduwole

Share on WhatsAppShare on FacebookShare on XTelegram

Nigeria’s logistics industry has been projected to hit over $3 trillion growth in 2030, which is a significant part of the over $9 trillion value of the industry globally.

Advertisement

Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, made this projection yesterday at the official opening of the international headquarters of a logistics firm – Zenith Carex, in Abuja, which coincided with the 51st birthday anniversary of its managing director/CEO, Dr. Adelana Olamilekan.

The minister noted that the industry’s significant growth, particularly in Africa, where intercontinental trade is set to flourish under the African Continental Free Trade Area Act (AfCFTA), cannot be overemphasised. He expressed delight that the logistics sector has grown steadily at an average annual rate of about 8.5 per cent in the country over the past five years due to increase in e-commerce, manufacturing, agricultural businesses and increased participation in regional trade.

The Minister, who was represented by the executive director/CEO, Nigerian Export Promotion Council (NEPC), Nonye Ayeni, described logistics as one of Nigeria’s fastest growing industries that is vital in shaping private sector’s businesses.

She said: “Across the field of today’s economy, the role of logistics in terms of trade facilitation and economic diversification will not be more timely. As we collectively navigate complex domestic and global trade environments, the efficiency of our logistics system has become central to achieving our broader national goals.

RELATED

Empowering First-Time Homebuyers Through Policy And Education

Empowering First-Time Homebuyers Through Policy And Education

20 minutes ago
Chinedumuije Urges Tinubu To Stop Foreign Loans For Infrastructural Projects

Tech Expert Urges Business Owners To Use Data For Experiential Engagement

5 hours ago

“From food security to the urgent responsibility of integration and inclusiveness in a country of over 200 million people spread across vast terrain and diverse geographies, logistics determine access and affordability globally.

“Logistics have evolved from a back-end support function into a strategic enabler for growth. In Nigeria, the sector is one of the fastest-growing, driven by rising consumer demand, expanding telecoms and the emergence of technology-driven supply chain solutions. Globally, the logistics industry is valued at over $9 trillion.”

The minister noted that facilities such as Zenith Carex, directly addressed the infrastructure gap by improving storage capacity of temperature-sensitive goods, vaccines and agricultural goods.

She, however, stressed the need for Nigeria to tackle structural challenges, high cost of trade, infrastructural deficits, fragmented regulatory frameworks and limited multimodal connectivity.

“These challenges impose significant costs on businesses and diminish our productivity. The future of logistics will be digital, green and inclusive.

“Transforming Nigeria’s logistics sector is not the job of the government alone. It requires the shared vision, investment, and collaboration of all stakeholders, public and private, local and global,” he said.

In his remarks, the CEO, Zenith Carex, Dr. Olamilekan Adelana, expressed optimism and persistent belief that service, excellence and integrity could build something meaningful, adding that Zenith Carex “is not just a company but a community.”

The company is one of the largest firms in the logistics industry with over 80 branches nationwide in the last 22 years of establishment, the company prides itself as one of the major names in the logistics industry.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

Breaking NEWS: Nigerians can now earn in US Dollars, acquire ultra premium domains for low and sell for super profit. Our client acquired a domain for $3715 and got it sold for $42,000. Click here to see how you too can profit from the business.


Tags: Jumoke OduwoleNigerian Export Promotion Council (NEPC)
SendShareTweetShare
Previous Post

UNICROSS VC Appeals For Assistance After Windstorm

Next Post

Tinubu Prioritising Water Supply To Abuja Satellite Towns – Wike

Innocent Odoh

Innocent Odoh

You May Like

Empowering First-Time Homebuyers Through Policy And Education
Business

Empowering First-Time Homebuyers Through Policy And Education

2025/06/02
Chinedumuije Urges Tinubu To Stop Foreign Loans For Infrastructural Projects
Business

Tech Expert Urges Business Owners To Use Data For Experiential Engagement

2025/06/02
Forum Salutes Tinubu, Umahi Over Infrastructural Development In North
Business

Amid 2,669 Road Construction Projects, Engineers Blame Kickbacks For Failures

2025/06/02
Large-cap Stock Drives Local Bourse To N180bn Gains
Business

Stock Investors Gain N3.967trn In May Amidst Positive Returns

2025/06/02
NCAT Rector Raises The Alarm Over Shortage Of Funds For Capital Projects
Business

‘Foreign Students’ Surge At NCAT Boosts Federal Gov’t’s Forex Earnings’

2025/06/02
IWD: Female Employees Share Career Journey At Schneider Electric
Business

‘AI Key To Optimising Infrastructure Surge For Nigeria Data Centres’

2025/06/02
Leadership Conference advertisement

LATEST

Empowering First-Time Homebuyers Through Policy And Education

Eid-el-Kabir: Yobe Gov’t Shuts Schools For 10 Days

FRSC Begins Probe Of Kano Athletes’ Accident

WBFA, Reckitt Nigeria Organise Hygiene Workshop, Induct Student Ambassadors

Sustainable Nigeria: Academy Urges Dialogue On startup Policy Hurdles

FERMA Needs N880bn Yearly For Road Maintenance — Minister

Sarri Rejoins Lazio As Head Coach For Second Spell

‘Amaechi Hungry For Power, Not Food’, Wike Slams Ex-Minister

Federal Gov’t Moves To End ‘419’ Scare, Cyber Fraud In Banking Sector

Borno CJ To Chair Nigeria’s First Justice Tech Hackathon, Accelerator Challenge

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.