WB Rates Nigeria Low in Trade Logistics Index
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Nigeria's capacity to move and connect manufacturers with international markets around the world was still low, the World Bank has said.
The bank disclosed this in its 2010 Logistics Performance Index (LPI) released in Abuja, the capital city of Nigeria on Wednesday.
The West Africa country is ranked 100th among 155 countries in the bank in a survey on trade logistics, despite various reforms in the country's economy.
The bank said in the report titled, "Connecting to Compete 2010: Trade Logistics in the Global Economy," that more work was required to spur economic growth and help firms benefit from trade recovery.
High income economies dominate the top logistics rankings, with most of them occupying important places in global and regional supply chains. The lowest performing countries are mostly from the low income groups.
South Africa, which occupied the 28th position, was the only African country that was rated high on the LPI.
Other African countries, Senegal (58), Tunisia (61), Uganda (66) , Benin (69), Mauritius (82), Congo Democratic Republic (85), Egypt (92), Togo (96), Guinea (97), Kenya (99), were ranked before Nigeria.
The study, which was based on the most comprehensive world survey of international freight forwarders and express carriers ranked Germany as the top performer among the 155 economies. Singapore, Sweden, The Netherlands and Luxembourg followed on the chart.
(Xinhua News Agency January 29, 2010)