CIPE Partner Tackles Inefficiency and Corruption in Nigerians Ports
In an effort to provide business-led solutions to the issues affecting Nigerian ports, CIPE and the Lagos Chamber of Commerce and Industry (LCCI) released a report outlining much-needed port reforms. The report suggests reforms to deal with red tape, bottlenecks, regulatory inconsistencies, and poor infrastructure. Companies surveyed reported that problems with using the port system result in significant business losses, relocation to nearby countries, and smuggling. Over 90 percent of respondents identified corruption as a major issue. Vincent Nwani, Director of LCCI spoke with CNBC Africa about the report findings.