‘Collaboration will improve Nigeria’s rating in logistics performance index’
The Registrar of the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN), Sam Nwakohu, has called for collaborative industry efforts to improve Nigeria’s rating in logistics. The country ranks 110 out of 160 listed on the global logistics performance index (LPI).
Speaking in Lagos after he was inducted as a fellow of the African Centre for Supply Chain (ACSC), Nwakohu called on logistics practitioners and other stakeholders to expand interaction on finding solution to the country’s low rating.
The LPI, according to the World Bank Group, is based on a worldwide survey of operators on the ground (global freight forwarders and express carriers), providing feedback on the logistics “friendliness” of the countries in which they operate and those with which they trade.
While describing Nigeria as a critical participant in African and global trade, Nwakohu said there is a need for the country to raise its integrity bar in the area of trade, which is vital for economic development.
He said the present LPI of the country is worrisome and that government and private sector collaboration is required to achieve an improved rating as a way of promoting trade and foreign investment.
The registrar appreciated the African Centre for Supply Chain for the honour bestowed on him and advised it to mobilise all stakeholders to deliberate on the issues.
Director-General of Nigeria Institute of Transport Technology (NITT), Salih Farah, who was also conferred with the fellowship, assured of more support for human capital development initiatives in the logistics sector.