Nigerian exporters lose $10bn annually to Apapa gridlock

Ginika Okoye |30th Jul 2018 | 2,368
Nigerian exporters lose $10bn annually to Apapa gridlock

Gridlock at Apapa-Oshodi expressway

Mr Tola Faseru, National President, Cashew Farmers Association of Nigeria, says that exporters of agricultural produce and other goods are losing about 10 billion dollars annually to the Apapa gridlock challenge.

Faseru disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja on Monday.

He added that the development was affecting export delivery time.

Faseru, also a cashew exporter, said the challenge was also hindering exporters’ ability to fulfil commitments on time and making forwarding and shipment very expensive.

The national president, who commended the Federal Government’s efforts toward ensuring that normalcy returned to Apapa road in Lagos, appealed for stiffer measures to quicken the intervention and change.

“The Vice-President, Prof. Yemi Osinbajo, came to give them matching order again on the Apapa gridlock.

“It is still a big problem affecting us and it is over one year now since this thing started and it is still on,’’ he said.

On plans to commence cashew processing in the country, he said the Minister of Agriculture and Rural Development, Chief Audu Ogbeh had agreed to support the process.

“The minister is talking about bringing some equipment to aid cashew processors and use as pilot scheme to support cashew processing industry in Nigeria,’’ he said.

The president called on members and exporters of agricultural produce to work in unity and also support government’s initiatives that are geared toward making business environment-friendly. (NAN)

Comments

Post Comment

US pledges support for Nigerian students seeking American education

US pledges support for Nigerian students seeking American education

US pledges support for Nigerian students seeking American education

US pledges support for Nigerian students seeking American education

Reform plans to scrap indefinite leave to remain for migrants

Reform plans to scrap indefinite leave to remain for migrants

French media giant Canal+ takes over S.Africa’s Multichoice

French media giant Canal+ takes over S.Africa’s Multichoice

European-American University

European-American University

UK passport holders urged to have 'backup plan in place'

UK passport holders urged to have 'backup plan in place'

Ruben Amorim insists Man Utd are 'my only club' as he reacts to Jose Mourinho's appointment at Benfica after links with two-time European champions

Ruben Amorim insists Man Utd are 'my only club' as he reacts to Jose Mourinho's appointment at Benfica after links with two-time European champions

Lagos produces 6,500 tonnes of organic waste daily – LAWMA

Lagos produces 6,500 tonnes of organic waste daily – LAWMA

Trump names tech and media giants in US TikTok takeover plan

Trump names tech and media giants in US TikTok takeover plan

Pep Guardiola once promised to never do one thing in football, Mikel Arteta just made him do it vs Arsenal

Pep Guardiola once promised to never do one thing in football, Mikel Arteta just made him do it vs Arsenal

Supreme Court agrees to reconsider precedent that limits who Trump can fire

Supreme Court agrees to reconsider precedent that limits who Trump can fire

Bonmati's journey from hospital bed to record third Ballon d'Or

Bonmati's journey from hospital bed to record third Ballon d'Or

Unification Church leader arrested in bribery case involving former South Korean president’s wife

Unification Church leader arrested in bribery case involving former South Korean president’s wife

Jimmy Kimmel show to return after suspension over Charlie Kirk comments

Jimmy Kimmel show to return after suspension over Charlie Kirk comments

Travel disruption for thousands after mystery drones closed two of Scandinavia’s busiest airports

Travel disruption for thousands after mystery drones closed two of Scandinavia’s busiest airports

ICC charges Rodrigo Duterte with crimes against humanity

ICC charges Rodrigo Duterte with crimes against humanity

Trump to address UN General Assembly after France recognises Palestinian state

Trump to address UN General Assembly after France recognises Palestinian state

Akwa Ibom @38: Akpabio hails Gov Eno, Akwa Ibomites, urges unity to take state to the next level

Akwa Ibom @38: Akpabio hails Gov Eno, Akwa Ibomites, urges unity to take state to the next level

Soldier held hostage as mob overpowers Customs, Military team near Lagos, frees suspect

Soldier held hostage as mob overpowers Customs, Military team near Lagos, frees suspect

Ballon d’Or: Nigeria’s Nnadozie ranked fourth-best goalkeeper in the world

Ballon d’Or: Nigeria’s Nnadozie ranked fourth-best goalkeeper in the world

Tuesday, September 23, 2025 9:21 AM
ADVERTISEMENT

Follow us on

GOCOP Accredited Member

GOCOP Accredited member
logo

NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.

Contact

Adetoun Close, Off College Road, Ogba, Ikeja, Lagos State.
+234(0)8098020976, 07013416146, 08066020976
info@newsexpressngr.com

Find us on

Facebook
Twitter

Copyright NewsExpress Nigeria 2025