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Every year, Nigeria loses $9 billion due to poor food storage Friday, 28 May 2021 05:04
(Ecofin Agency) - Food wastage caused by improper food storage costs Nigeria about N3.7 trillion (About $9 billion) yearly. The figure was recently disclosed by John Onojeharho, chairman of the governing council of the Nigerian Institute of Transport Technology (NITT). This was at the 8th Nigeria Annual Transport Lecture held in Lagos on the topic “Cold Chain Logistics”.
“Nigeria is ranked 1 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,” said Mr. John Onojeharho.
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.
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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.
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The founding leader and former governorship candidate of the All Progressives Congress (APC) in Delta State, Olorogun O’tega Emerhor, has lamented the internal bickering and infighting as the reasons the party has been losing elections to the ruling Peoples Democratic Party (PDP) in the state.
He therefore averred that 2023 remains another opportunity for the APC to dislodge the ruling PDP in the state if leaders of the party come together and work for the interest of the party ahead of 2023 governorship election.
The APC leader spoke at his country-home in Evwreni in Ughelli North Local Government Area of the state when the chairman and members of the reconstituted Delta APC Registration and Validation Committee visited him.