The World Bank has stated that moving goods locally in Nigeria costs more than in the United States of America, noting that the cost of moving goods (per unit distance) domestically in Nigeria is about 5.3 times more than in the United States of America.
This was contained in the World Bank’s recently published report on Global Facility to Decarbonise Transport.
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The report states that cutting the cost of moving goods through enhancing the effectiveness of transport networks and services is vital to reviving global trade.
The report stated in part, “Despite the increased globalization of production and trade, the world today is still far from being a single integrated economy. Landlocked developing countries, accounting for about one-fifth of the world’s nations, face higher transport costs than coastal countries.”
