Nigeria has joined the World Logistics Passport (WLP) as its newest hub, with the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN) as the coordinating partner.
With access to the WLP network, Nigerian traders should have the opportunity to enhance the connectivity and efficiency of their cargo operations. This, in turn, will open up trade routes, allowing for faster, cheaper access to new markets, particularly in Asia, Latin America and across Africa.
Nigeria is the largest economy in Africa. In 2019, product exports totalled $63.8-billion, with trade accounting for 25% of gross domestic product.
The WLP is a global, private sector-led initiative aimed at smoothing the flow of global trade and unlocking market access through the creation of new trade routes.
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