He said, “Nigeria is ranked one percent in terms of cold chain management. The market is huge and if properly tapped, we can save $9 billion annually by avoiding food wastage through proper storage”.
Onojeharho said if the 15 million metric tonnes of perishable goods wasted annually were well preserved, inflation would drop and there would be drastic improvement in the economy.
He added that Nigeria ranks 110 out of 160 countries globally in the performance index of logistics. The transport expert attributed poor cold chain logistics to lack of good road infrastructure, continuity of the cold supply chain, high capital investment, power supply amongst others.
Vanguard News
Nigeria loses N3.7trn to poor cold chain logistics
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From left Managing Editor of Transport Day newspaper, Mr. Frank Kintum; Corps Marshal of Federal Road Safety Corps, Dr. Boboye Oyeyemi; Chairman of Governing Council, Nigerian Institute of Transport Technology, Olorogun John Onojeharho; National President of Association of Nigeria Licensd Customs Agents, Tony Nwabunike; and the Lagos State Coordinator of SMEDAN, Mr. Adeyinka Fisher, at the 8th Nigeria Annual Transport Lecture in Lagos, Friday.
By Theodore Opara
Due to wastage, arising from improper storage of foods, Nigeria is losing a whopping sum of N3.7 trillion annually.