Nigeria has fewer than 1,000 cold trucks, far below the 25,000 needed to transport over 11 million metric tonnes of perishable goods annually, according to a recent U.S. International Trade Administration (ITA) report.
This significant shortfall presents a major investment opportunity in the country’s growing cold chain sector, valued at $99.82 million in 2023.
From developing solutions that provide automated storage facilities to the manufacturing of plastic crates to transport fresh produce to the markets, down to investing in cold storage trucks from transporting perishable goods, the sector presents opportunities for investors to tap into.
Read more at Businessday
This significant shortfall presents a major investment opportunity in the country’s growing cold chain sector, valued at $99.82 million in 2023.
From developing solutions that provide automated storage facilities to the manufacturing of plastic crates to transport fresh produce to the markets, down to investing in cold storage trucks from transporting perishable goods, the sector presents opportunities for investors to tap into.
Read more at Businessday