CILT Nigeria Conference Advocates for Transport Sector Formalisation

At the 2026 National Conference and Annual General Meeting of the Chartered Institute of Logistics and Transport (CILT) Nigeria, stakeholders called for the formalisation of Nigeria's informal transport sector to improve its economic contributions and regulatory framework. Segun Obayendo, special adviser to the vice president on Transportation, highlighted the challenges in accurately measuring the sector's contributions to the economy due to its informal nature.

He noted that discussions with the National Bureau of Statistics (NBS) revealed difficulties in capturing economic activities in this sector, which impacts GDP measurement. Dr Boboye Oyeyemi, national president of CILT Nigeria, stated that the conference aimed to generate practical solutions for the transport and logistics challenges in Nigeria.

He emphasized the need for an integrated transport system and addressed issues such as infrastructure gaps, high logistics costs, and regulatory inconsistencies. The conference discussions focused on infrastructure financing, digital technology, and inclusive mobility, urging participants to commit to actionable partnerships.