The Executive Chairman of the Courier and Logistics Management Institute (CLMI), Prof. Simon Emeje, has stated that the courier and logistics sub-sector could enhance Nigeria’s Gross Domestic Product (GDP) by 60% if fully harnessed.

Emeje made this assertion at a news conference in Lagos to announce the upcoming CLMI International Conference and Investiture, scheduled for November 14.

He said that the logistics industry, with assets worth over N15 trillion, requires regulatory excellence and innovation for optimal growth. Expressing dissatisfaction that the sector’s full potential has yet to be realised, he urged the government to establish regulations that would foster innovation and investment.

“The country is looking for measures to increase revenue and stabilise the economy. It is imperative that policymakers at both federal and state levels recognize the vital role logistics and courier services play in driving economic growth,” he said.

Emeje noted that prioritising logistics and courier services would unlock Nigeria’s economic potential, drive sustainable growth, and improve the business environment. He highlighted that the logistics sector employs millions more people than the oil and gas industry, including truck drivers, warehouse workers, supply chain managers, and freight forwarders.

On the role of the CLMI, Emeje stated that the institute is committed to supporting Nigeria’s economic growth by bridging the gap between industry needs and government policies. He mentioned that CLMI has gained global recognition for its expertise, with international partners seeking its counsel.

However, he said that the courier and logistics industry in Nigeria should take precedence, as these services are crucial for driving efficiency and meeting customer demands. He pointed out that currently, only 20% of the N15 trillion worth of assets in the industry is being utilised across Nigeria.

“The professionals in these combined areas of courier business are very few in number. We have less than 10% of experts capable of providing the capacity building and proper training necessary to positively impact the economy. There is no sector of the Nigerian or global economy that is not tied to these four areas,” he noted.

Emeje added that while the government seeks funds to develop infrastructure, “the money is in our hands. Unfortunately, we don’t know how to tap into it.”

Regarding the CLMI International Conference and Investiture, he explained that the event will serve as a platform for regulators and industry players to discuss pressing issues.

Emeje highlighted that logistics significantly influences inflation, interest rates, productivity, energy costs, and other economic aspects.

Prominent speakers at the upcoming event include Vice President Kashim Shettima as the Special Guest of Honour, Gov. Hyacinth Alia of Benue State, Prof. Anya O. Anya, former Chief Executive Officer of the Nigeria Economic Summit Group, and Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, among others.

The News Agency of Nigeria (NAN) reports that the Courier and Logistics Management Institute is the first academic and professional institute combining courier, logistics, transportation, and management into one package. CLMI trains qualified couriers, logistics personnel, transport entrepreneurs, and management practitioners responsive to customer and socio-economic developmental needs.