TRADE LOGISTICS, SUPPLY CHAIN AND TRADE DEVELOPMENT IN NIGERIA.
Abstract
This study explores the view of professionals on the state of trade logistics (road and ports) in Nigeria. Also, the impact of trade logistics and supply chain on trade development in Nigeria was explored using structured questionnaire. The study is cross-sectional descriptive study that administered questionnaires to fifty professionals that cuts across farmers, Ministry of Transportation, Infrastructure and Rural Development and Port Authorities. Pre-tested questionnaires were used to collect data from the respondents. Four points Likert scale was used to extract data on the impact of trade logistics on trade development. The data was analysed using Statistical Packages for Social Sciences. Frequency and proportion were used in the analyses of the data. Most of the factors used to capture port logistics were rated bad, and none was rated good by respondents. Also, majority of the factors use to indicate road quality were rated poor. For most of the questions use to examine the impact of infrastructure on supply chain, the majority were accepted, meaning that respondents concurred that poor state of infrastructure can negatively affect supply chain. Furthermore, for most of the questions that were used to examine the impacts of supply chain and logistics on trade development, the majority of the respondents agreed that logistics influence trade development in Nigeria. Among other things, it is recommended that Nigerian government should prioritise infrastructural development in its annual budgets and leverage on Public-Private Partnerships (PPPs) in mobilising funds and technical expertise to improve the state of trade logistics.
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Published in BUSINESS AND FINANCE JOURNAL
ISSN: 988-47878
This article appears in our peer-reviewed academic journal
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