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
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
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...
BCEAO keeps key lending rate at 3.25% and marginal rate at 5.25%. UEMOA growth reaches 6.6%...
DFC signals readiness to fund up to $1B for DRC’s Dilolo–Sakania railway rehabilitation. Mota-Engil emerges as leading contender for the...
New 60 MW tranche brings Mmadinare’s total capacity to 120 MW Power will be sold to Botswana Power Corporation under a 25-year PPA Project...
Government launches three major projects: two solar plants and a 330 kV line New capacity aims to ease pressure on a grid that gets about 90% of...
DRC, Chad, and Equatorial Guinea rank as Africa’s most exposed countries in 2025 Only Botswana, Seychelles, and Mauritius fall into the low-risk...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...
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...