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.
One of the key reasons for massive waste is the lack of a temperature-controlled supply chain to prevent fresh foods from spoiling during transportation from the farms to the end-users. For example, it is estimated that more than 40% of tomato production does not reach consumers.
Efficient logistics is crucial for any country’s economic growth. In the case of Nigeria, NITT’s chairman added that its cold chain logistics issues are overall attributed to poor road infrastructure, continuity of the cold supply chain, high capital investment, power supply.
More than 12% of Nigerians suffer from undernourishment. Yet every year, the country loses and wastes 40% of its total food production. As indicated on the Global Food Security Index two years ago, food security will worsen looking at the country’s fast-growing population that is expected to reach about 400 million by 2050.
Solange Che
Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
BYD plans to open 35 dealerships in South Africa by Q1 2026, earlier than initially scheduled...
Africa’s coffee exports hit record 1.18M tons in 2024/25, up 18.6% Ethiopia and Uganda drove nearly 80% of continent’s shipments Arabica...
Huawei partners with Algerian startup Yassir to boost local tech solutions Focus areas include cloud, AI, mobile payments, and digital...
Citigroup forecasts copper prices above $13,000/ton by Q2 2026 Supply cuts, U.S. tariffs, and stockpiling drive prices to...
As global investment in Artificial Intelligence (AI) accelerates, Africa is still working to define its own approach. The continent faces a complex...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...
Mauritius recorded a 56% increase in UK Google searches for “Christmas in Mauritius” over the past three months. The island ranked fourth overall...