This is painful......
“Our European partners just pulled out of the deal because it makes no sense spending N1,160/kg processing fee to export bananas and mangoes to Europe. That was about N25 million worth of contract cancelled because exporting out of Nigeria, unlike in other parts of African countries, has become too expensive for vendors,” Aladeselu said.
“All the airlines that come into Nigeria depart empty. Because it is cheaper for them to go out empty than carry something. If you load 100 tonnes of cargo on aircraft here, you are charged $35,000 in fees and taxes. Out of Ghana on the same trip is less than $4,000. That is why airlines would rather jet out empty.
“So, Nigeria is just hawking, not trading in the global cargo market. There are 500,000 to 620,000 tonnes out of Kenya every night. Here, we cannot boast of 20,000 tonnes a week. That is a $250 billion agro-export market wasting away. We created it for ourselves because we allow the civil servants to lord it on us all,” Okakpu said.