Nigeria’s transport and logistics sector has recorded significant growth, surpassing $2.3 billion in value as ongoing economic reforms under President Bola Ahmed Tinubu continue to reshape key sectors of the economy.

Industry stakeholders attribute the expansion to policy measures aimed at improving infrastructure, enhancing the ease of doing business and attracting private sector investment into transportation and logistics services. The growth has been supported by increased investments in road construction, rail development, port modernisation and digitalisation initiatives across the country.

Analysts say the sector’s performance reflects growing investor confidence in Nigeria’s economy, with reforms in fiscal management, foreign exchange administration and infrastructure development contributing to increased economic activity and improved connectivity nationwide.

The Federal Government has maintained that ongoing reforms are laying the foundation for long-term economic growth, with transportation and logistics playing a critical role in facilitating trade, reducing business costs and supporting industrial development.

Observers note that continued investments in transport infrastructure and logistics services are expected to further strengthen Nigeria’s position as a regional trade and investment hub while creating jobs and boosting economic productivity in the years ahead.