AMG Logistics’ Post

🌊 Reflecting on the Marine and Blue Economy in Nigeria 🌊 I have been pondering over the marine and blue economy in Nigeria, and one question continues to on my mind: how can a country earn more than 80% of its revenue from oil, yet the contribution of shipping to the gross domestic product remains insignificant? This paradox has left me scratching my head, wondering what could have gone wrong. Furthermore, despite the Cabotage Act, our trade is still dominated by foreigners. This has left me questioning what could have been the reason for this discrepancy. Our seafarers, who should play a vital role in this sector, remain unemployed. What could possibly be the cause of the problem and how can we find a solution? Before we delve into the exciting prospect of the blue economy, it is crucial to address the underlying issues hindering the maritime industry's growth. Only then can we move forward and harness the full potential of our marine resources. #MarineEconomy #BlueEconomy #Nigeria #ShippingIndustry #Unemployment

Growing Africa's Weak Currencies🌽 by Africa wealth Initiative. With a growing population and increasing demand for food, Nigerian entrepreneurs and business people should prioritize investing in local production of maize. By doing so, they can contribute to the country's food security and reduce its dependence on expensive imports. Additionally, investing in maize production can create job opportunities, support rural development, and improve the livelihoods of local farmers. With proper infrastructure, financing, and governmental support, Nigerian entrepreneurs can tap into the vast potential of maize production, not only meeting domestic needs but also exporting surplus produce, boosting the economy further. #afCFTA #afdb #nexim #farmonyourphone #farm2table #awienergies #africa #nepad #au

Port of Lagos – Lagos – Nigeria The #Port of Lagos, strategically located in Nigeria's commercial capital, stands as one of the most significant and busiest ports in West Africa. Serving as a primary gateway for goods entering and leaving the continent, it plays a pivotal role in Africa's maritime trade landscape. Facilities: The port complex includes Tin Can Island Port and Apapa Quay. Economic Impact: The port contributes significantly to Nigeria's GDP, facilitating the majority of the country's imports and exports. Cargo Handling: Handles a diverse range of cargo, from petroleum products and food items to machinery and raw materials. Global Connectivity: Direct shipping routes connect Lagos to major ports in Europe, Asia, and the Americas. While the Port of Lagos has been instrumental in driving Nigeria's economic growth, it faces challenges like congestion, infrastructure needs, and administrative hurdles. However, with ongoing modernization https://lnkd.in/e8Z_hc_W #GOVDEPPOI #TRANSPORTPOI

Rotimi Raimi-Hassan,GM Kaduna Inland Dry Port gives an insight into Nigeria's pioneer and leading dry port that is bringing maritime business closer to the hinterland of Kaduna, Abuja and proximate states

Capital NO..! But to be sincere, they have an unimaginable part to play as the country grows. Most of the problems we have are associated with the nature of policies we operate with, and our laws. This has made our united efforts to be assumed wastages from time immemorial. We have whole lots of the celebrated and outstanding men that should be to the rescue of the nation, but they are often being very too silent to be called to the duty. We can not move from the present point to another point if the technocrats are yet hiding or thinking of politics to be dirty game. Many of the technocrats are too conservative, timid and many have not considered politics as part of their deals to make difference. The nature of the government affects the technocrats heavily on their level of performances, and without them being part of an administration they will continually to be hindered. To think of these people to make symbolic economic impacts depends on the nature of the environment, policies and how they are accommodated into the system. Therefore, making significant impacts while rogues, thieves, criminals, disorderly, men of no reputation and lack of process, drugs lords are dominated is impossible!

𝐍𝐢𝐠𝐞𝐫𝐢𝐚 𝐀𝐩𝐩𝐫𝐨𝐯𝐞𝐬 𝐋𝐞𝐤𝐤𝐢 𝐏𝐨𝐫𝐭 𝐑𝐨𝐚𝐝 𝐏𝐏𝐏. Exciting news for Nigeria's infrastructure and economic growth! 🚀 𝑻𝒉𝒆 𝒇𝒆𝒅𝒆𝒓𝒂𝒍 𝒈𝒐𝒗𝒆𝒓𝒏𝒎𝒆𝒏𝒕 𝒉𝒂𝒔 𝒋𝒖𝒔𝒕 𝒈𝒓𝒆𝒆𝒏-𝒍𝒊𝒈𝒉𝒕𝒆𝒅 𝒂 𝒎𝒐𝒏𝒖𝒎𝒆𝒏𝒕𝒂𝒍 𝒑𝒓𝒐𝒋𝒆𝒄𝒕, 𝒂𝒑𝒑𝒓𝒐𝒗𝒊𝒏𝒈 𝒕𝒉𝒆 𝑼𝑺$700 𝒎𝒊𝒍𝒍𝒊𝒐𝒏 𝒄𝒐𝒏𝒔𝒕𝒓𝒖𝒄𝒕𝒊𝒐𝒏 𝒐𝒇 𝒕𝒉𝒆 7𝒕𝒉 𝑨𝒙𝒊𝒂𝒍 𝑹𝒐𝒂𝒅 𝒂𝒕 𝒕𝒉𝒆 𝑷𝒐𝒓𝒕 𝒐𝒇 𝑳𝒆𝒌𝒌𝒊, 𝑳𝒂𝒈𝒐𝒔. This initiative, strongly backed by President Bola Ahmed Tinubu and set to be developed in partnership with China Harbour, is poised to revolutionize logistics and connectivity in the region. 🌍🏗️ With the road stretching 50km to link the state-of-the-art Lekki port directly with the hinterland and key expressways, it's set to enhance the evacuation of goods and services significantly. Plus, the move to integrate the port into the national rail network promises a robust, seamless transport system. A game-changer in every sense, this development marks a pivotal moment in Nigeria's journey towards becoming a leading logistics hub in Africa. #InfrastructureDevelopment #PublicPrivatePartnership #Nigeria #LekkiPort #EconomicGrowth #TransportationInnovation #concretefunda #niteshvtank

Even Buhari as clueless as he was refused to float the Naira because he understood that the productive base of our economy was too weak to support a floated Naira and we are an import dependent country. What a sensible government should have done is work to aggressively improve on the country's productive base by fixing infrastructure and making funds available to the productive sector before thinking of floating the Naira. This was the reason that Atiku pledged to make $10 billion available to the productive sector to accelerate the growth of the economy and create millions of jobs at the same time. With a reinvigorated productive sector and Nigeria producing enough to meet local demand and export, we can then consider taking the risk to float the Naira.

The African Union - Economic Development, Tourism, Trade, Industry, Minerals (ETTIM) is attending a retreat on the operationalization of the African Credit Rating Agency(ACRA) in Lusaka, Zambia. The retreat aims to discuss the challenges and the opportunities towards the successful operationalization of the African Credit Rating Agency. #EconomicDevelopment #ACRA

#FlashBackFriday, Today, we look back at a significant moment in African port history. 🌍⚓ The Port of Lagos in Nigeria is one of the oldest ports on the continent, opened in 1914, it quickly became a major hub for international trade in West Africa. This strategic port continues to evolve and plays a crucial role in the economic development of the region. Originally established to serve as a point of entry for goods and to boost trade within Nigeria and its neighboring countries, the Port of Lagos has expanded its facilities over the years. It now includes the Lagos Port Complex and the Tin Can Island Port, both of which handle a substantial volume of cargo annually. The port's modern infrastructure and strategic location make it a key player in facilitating maritime trade across Africa and beyond. Stay tuned for more updates :👇 Facebook: https://lnkd.in/eMXFzGRp Linkedin: https://lnkd.in/eq7Bbpwf Twitter: https://lnkd.in/e2ZgYUBA #PortInitiative #MaritimeHistory #LagosPort #InternationalTrade

what a good analysis and idea for Nigeria government to learn from so our industries can grow and new ones built.