#Nigeriadecides, Business
By Anthony Isibor
THE Nigerian logistics industry is increasingly embracing innovation to reduce operating costs and improve supply chain efficiency despite mounting economic pressures, according to the Boboye Oyeyemi, President, CILT Nigeria.
Speaking in Lagos on Thursday, at the 10th CityBusinessNews Anniversary Lecture, Oyeyemi said more than 100,000 vehicles have already been converted to Compressed Natural Gas (CNG) under the Presidential Initiative on CNG, with 75 refuelling stations and over 337 certified conversion centres now operational across the country.
He explained that fleet operators switching from diesel to CNG are reducing fuel costs by between 40 and 55 per cent, although the high cost of vehicle conversion remains a challenge for small transport businesses.
Oyeyemi also identified digital freight-matching platforms such as Faramove, GIG Logistics and Travo.ng as helping to reduce costly “empty miles” by using artificial intelligence to match return cargo with available trucks.
In addition, he said increased use of inland waterways and maritime barges is easing pressure on Nigeria’s highways, with water transport now accounting for more than half of freight forwarding market revenue.
According to him, infrastructure projects including the Lekki Deep Sea Port, upgrades at Onne Port and the Dangote Refinery are expected to reshape cargo movement and reduce dependence on road transport.
Oyeyemi urged government and the private sector to deepen collaboration by enforcing professional standards, expanding rail connectivity and supporting CNG adoption through affordable financing.
He maintained that with the right reforms, Nigeria could position itself as West Africa’s leading logistics hub under the African Continental Free Trade Area (AfCFTA).
A.I
June 26, 2026
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