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According to World Bank’s Connecting to Compete Report 2018 on trade logistics in the global economy, which evaluated the logistic performance of 160 countries, Nigeria ranked among the 15 lowest performing countries in the world in efficiency of its service and border management processes.
The reasons aren’t farfetched as bureaucracy and corruption in customs clearance processes have long posed significant challenges to the trading community in Nigeria.
The ranking utilized data gathered through a worldwide survey of logistics professionals on how easy or difficult they experienced trade logistics along six generic dimensions.
The dimensions include customs efficiency and border management clearance, quality of trade and transport-related infrastructure; ease of arranging competitively priced international shipments; competence and quality of logistics services; ability to track and trace consignments; and the frequency with which shipments reach consignees within the scheduled time.
Across all the indicators, Nigeria took the 110th place out of the 160 countries, one of the bottom 50 performers in the world.
