Aviation

Nigeria Loses $2bn Annually to Informal Export Trade from Lagos Airport

Investigation by THISDAY has revealed that on the average, Nigeria loses about $2 billion annually to exports, which are not documented but exported informally as personal effects. The investigation further revealed that the foreign exchange earned by the country does not reflect in government’s financial system. It was learnt that so many products are exported […]

Aviation

With 115m Tons Annual Import Deficit in Air Cargo, Nigeria May Lose Benefits of AfCFTA

Nigeria may not benefit from the African Continental Free Trade Area (AfCFTA), which favours countries that export high volume of products and services, as records indicate that the country exports only about 13 per cent of its cargo imports, which amounts to 115 million tons annual import deficit. According to 2019 records of the Federal […]