TY Logistics Park Set To Fix Nigeria’s $1.7bn Logistics Drain
TY Park, a Logistics company has concluded plans to improve the country’s logistics drain, in alignment with infrastructure built to global standard. This is contained in a statement issued to newsmen on Friday in Lagos. According to the statement, Nigeria’s logistics sector sits at a painful crossroads, rising demand driven by e-commerce and manufacturing, but broken systems that choke movement and punish both producers and consumers. It noted that for many businesses, the cost of transporting goods was now equal to, or greater than the cost of the goods themselves. The statement explained that the park merged five traditionally separate segments, into one controlled ecosystem; Clearing and Forwarding, Contract Logistics, Route-to-Market Planning, Free Zone Operations, as well as Digital Supply Chain Visibility. “The TY Logistics Park, a new grade-A logistics hub inside the Lekki Free Trade Zone, believes it has a model that can reverse the losses bleeding the i...