Sola Obabori

Group Managing Director, Red Star Express Plc.

We have been rolling out new services and investing in new warehouse infrastructure whilst also expanding our fleet size to support our new lines of operations. Some of new services launched include the Express Food Delivery Services (EFDS). Our freight division has also grown by leaps and bounds. This will require a great deal of investment and drive in order to achieve what has been done in some parts of Africa and in other parts of the world. In Nigeria, the logistics sector accounts for 5% of GDP, while this figure is around 18% in other countries with diversified supporting transportation infrastructure. It is an extremely attractive industry because our current challenges are really opportunities in their own right. The work that needs to be done on rail, aviation, and road networks is an opportunity for growth in the country.

Tayo Ogundare

Managing Director & CEO, Skynet

Skynet's operations in Nigeria are extremely important. Skynet started in Nigeria in 2013 and since then we have won many awards, both globally and regionally. We won the Best Station in Africa in 2015. At the Skynet international conference held in Sri Lanka in 2017, we also won Best Performing Station in Africa. Nigeria is also the largest economy in Africa and cannot be ignored by any company that wants to explore the market in Africa. The sector needs a solid transport system, namely by roads, rail, and air. We are hoping we will get to a time the transit time from Lagos to Abuja will be just 7 hours from the present 15 hours. If the nation's road network is top grade, then that is one of the best the government can do for the sector. We expect the government to support us by providing the necessary infrastructure to ease our business.

Ascanio Russo

Managing Director, Grimaldi

Nigeria is a challenging environment; however, we know that in the long term the potential is huge. It is a huge country with a large population and in terms of infrastructure there is still a great deal to do, which leaves room for significant growth over the years. We are currently working on a physical expansion of our terminal through the acquisition of additional land in our off-dock terminal. This is because we expect the country to see continuous growth for cargo. The fact that the last two years have shown a reduction in the volumes of cargo is a sign that eventually volumes will bounce back. This year will be one of transition as we expect to record a slight growth in 2017, which will be positive after a year of recession. We are confident that in 2018 and 2019, unless there is a major collapse in the price of oil, things will be positive for Nigeria.

John R. Jenkins

Group Managing Director, SIFAX

Throughout the years, we have invested heavily in port infrastructure and operations. SIFAX invested in two harbor cranes and replaced all the dilapidated reach stackers. We invested in terminal tractors, forklifts, and other equipment. As the business developed, we invested in more harbor cranes and now have a total of seven. Any port, particularly a hub such as Lagos, is the gateway to the country. Therefore, it has to play a major role for imports and exports. We have land borders where cargo comes through, but there are initiatives from the government that try to restrict that, and they are trying to make sure that trade comes through the waterfront. The maritime sector has a key role to play because without imports and exports, the economy will not grow.