Tuesday, September 21, 2021

    Decayed Infrastructure, bribery & corruption cost Nigeria Economy $190 billion lost annually

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    Naija247news Editorial Teamhttps://www.naija247news.com/
    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    By Paul Wallace and Tope Alake

    Congestion, delays at ports cost Nigeria $19 billion a year

    President Buhari says that the situation is a ‘major concern’

    The lines of aging blue, red and yellow trucks begin almost 6 miles (10 kilometers) from the gates of Nigeria’s main port of Apapa.

    Valentine, a 34-year-old driver, has been queuing outside the Lagos site for two weeks. He’s had to deal with policemen demanding bribes and fend off hoodlums known as area boys. “This is the worst I’ve seen it,” he said, changing tires in a grimy orange t-shirt. “Every year, it gets worse.”

    Bribes, Beatings & Gridlock In Nigeria
    Nigeria is losing $19 billio

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