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Nigeria’s maritime sector loses $5b yearly to inefficiencies, says SEREC
Nigeria’s maritime sector is losing between $3 billion and $5 billion every year due to inefficiencies in freight charges, port congestion, weak industrial base, poor multimodal integration systems, import dependence, FX volatility and policy inconsistency, a new report by the Sea Empowerment and Research Center (SEREC) has claimed.
Adaku Onyenucheya
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