Study Period | 2017 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Market Size (2025) | USD 10.95 Billion |
Market Size (2030) | USD 15.05 Billion |
CAGR (2025 - 2030) | 6.57 % |
Market Concentration | Low |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Nigeria Freight and Logistics Market Analysis
The Nigeria Freight and Logistics Market size is estimated at 10.95 billion USD in 2025, and is expected to reach 15.05 billion USD by 2030, growing at a CAGR of 6.57% during the forecast period (2025-2030).
Nigeria's freight and logistics sector is undergoing significant transformation through substantial infrastructure investments and modernization initiatives. The country's infrastructure development requires an estimated USD 35 billion annually from 2023 to 2028 to sustain robust economic growth, highlighting the scale of development needed across the transportation network. In March 2024, the government secured a USD 1.3 billion financing package to complete the railway project connecting Kano with Maradi in Niger, demonstrating its commitment to enhancing regional connectivity. The Nigerian National Petroleum Company's investment of USD 4.1 billion in reconstructing 44 highways, covering 4,500 km of federal highways, further exemplifies the push toward infrastructure enhancement. These developments are crucial for improving the efficiency and reliability of freight movement across the country.
The maritime sector is experiencing substantial modernization efforts to enhance port efficiency and reduce congestion. In April 2024, A.P. Moller-Maersk committed USD 600 million to Nigeria's port expansion and enhancement initiative, complementing the government's USD 1 billion contribution aimed at reconstructing the nation's seaports. The Ministry of Marine and Blue Economy's announcement in March 2024 regarding plans to invest over USD 1 billion in rehabilitating the country's seaports demonstrates the government's focus on maritime infrastructure development. This comprehensive approach to port modernization includes automation initiatives and efficiency improvements, particularly at key ports like Tincan and Apapa, which handle approximately 70% of the country's imports.
The air cargo sector is undergoing strategic developments to enhance competitiveness and infrastructure quality. The government has identified a requirement of NGN 1.5 trillion (USD 5 billion) to upgrade the country's air infrastructure, with specialized committees established to oversee the construction and operation of airports equipped with modern cargo facilities. The implementation of the US-Nigeria Air Transport Bilateral Agreement in May 2024 marks a significant milestone, establishing a modern civil aviation partnership that promises to enhance aviation safety and security standards while expanding international trade opportunities. These developments are particularly crucial as Nigeria positions itself within the African Continental Free Trade Area (AfCFTA).
Nigeria possesses the largest road network in West Africa and the second-largest south of the Sahara, totaling approximately 194,200 kilometers, with federal roads comprising 17.6%, state roads 15.7%, and local and rural roads accounting for 66.7%. The Federal Executive Council's approval of 25-year concessions on nine corridors connecting major population and economic centers represents a significant step toward improving the country's logistics infrastructure. The government's focus on sustainable transportation is evident in its 2050 Policy Agenda, which aims to increase electric vehicle adoption from less than 1% to 7.50% by 2025, demonstrating a long-term commitment to modernizing the logistics sector while reducing environmental impact.
Nigeria Freight and Logistics Market Trends
The transportation sector contribution to nominal GDP dropped to 1.35% in Q2 2023 due to petrol subsidy removal
- In 2024, the government predicted that converting 1 million vehicles to run on CNG could save about USD 2.5 billion annually. This initiative could also help lower the country's inflation rate. CNG vehicles can save 40-50% compared to petrol and are 18 times safer. In Nigeria, especially in Lagos with over 15 million city residents, the transportation sector is struggling with major problems like traffic jams and dirty air. Many of the vehicles on the roads are old and run on petrol, which adds to the pollution. To make things better, in May 2024, Nigeria announced plans to switch 5,500 vehicles to run on CNG. This change is important for cutting down on carbon emissions and making the air cleaner in big cities like Abuja.
- The Nigerian logistics industry has grown slowly due to persistent infrastructure challenges. In 2023, the Nigerian e-commerce market generated USD 6.7 billion in revenue. Its revenue is expected to register a 10.79% CAGR between 2023 and 2027, resulting in a market volume of around USD 10.1 billion by 2027 due to infrastructure improvements in railways and roads and enhanced relations with other nations.
Fuel prices have witnessed a steep rise as fuel subsidies have been terminated, citing budgetary concerns
- In April 2024, Nigeria continued to experience gasoline shortages leading to a significant surge in prices and worsening the nation's cost-of-living challenges. In Lagos and Abuja, petrol prices surpassed USD 1.89 per liter, while in places like Kano, they exceeded USD 2.23 per liter. Despite NNPC Ltd. importing petrol at an average of USD 1.37, pump prices remained high. In 2023, the government eliminated subsidies and permitted private firms to import petrol. However, due to foreign currency shortages and a price cap on petrol, NNPC remains the exclusive importer.
- Nigeria's crude oil production has increased, and the country's oil reserves are estimated to be 36.89 billion barrels, consisting of 31.418 billion barrels of crude oil and 5.476 billion barrels of condensate. Nigeria aims to have a reserve of around 40 billion barrels by 2025. The country's national gas reserve is 203.16 trillion cubic feet (TCF), with a target of 210 TCF by 2025 and 220 TCF by 2030.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Nigeria's population is expected to double to more than 400 million by 2050
- Nigeria aims to strengthen the agriculture sector under the National Agricultural Technology and Innovation Policy (NATIP), 2022-2027
- GDP contribution driven by a growing economy, construction projects, and domestic manufacturing volumes
- Supply chain disruptions, high customs tariffs, high foreign exchange rates and removal of electricity and petrol subsidy drove inflation
- The number of online shoppers is expected to reach 122.5 million by 2025 from 76.7 million in 2021
- Around 767 Nigerian manufacturing companies shut down operations in 2023, affected by exchange rate volatility and rising inflation
- Nigeria launched Export774 campaign in 2023 to boost non-oil exports to diversify economy
- Nigeria strives to reduce import reliance under the 100-for-100 Policy on Production and Productivity
- The cost of moving containers in Lagos increased by an average of 100% in 2023
- Nigeria is promoting local production of electric vehicles, with a target of at least 30% local production
- Nigeria ranks 88th in LPI, investing more than USD 1.3 trillion in infrastructure and energy for economic boost
- Nigeria is developing its freight transportation network with a USD 845.8 billion budget under the National Development Plan (2021-25)
- Declining oil production and exports significantly impacting capacity in the country
- Nigeria seaport needs major connectivity enhancements as bilateral trade between Nigeria and China has been at an all-time high
- Nigeria’s first deep seaport, Lekki, started operations in 2023 and is expected to become a major cargo hub
- With rising price of imported petrol, the freight pricing for all modes of transport witnessed since 2022
- Under the National Development Plan (2021-2025), USD 18.7 billion is budgeted for maritime industry development in Nigeria
- Rising focus on development of federal roads and sea port leading to rising freight trade volumes
Segment Analysis: End User Industry
Manufacturing Segment in Nigeria Freight and Logistics Market
The manufacturing segment dominates the Nigeria logistics market, accounting for approximately 39% market share in 2024. This segment's prominence is driven by significant foreign direct investment, which increased to USD 1.59 billion in 2023. The manufacturing sector's expansion is supported by various government initiatives aimed at improving the business environment, attracting additional capital, and strengthening value chain linkages. The government's commitment to boosting the industrial sector through streamlined processes and infrastructure development has further solidified this segment's market leadership. Additionally, the government's target to increase manufacturing's share in total exports to 20% by 2025 has created increased demand for logistics services in this sector.

Construction Segment in Nigeria Freight and Logistics Market
The construction segment has emerged as a significant growth driver in the Nigeria logistics market, with a projected growth rate of around 7% from 2024 to 2029. This robust growth is fueled by the Nigerian government's ambitious infrastructure development plans, including the allocation of USD 123.10 billion for capital expenditure projects. The segment's growth is further supported by the establishment of special economic zones across the country's six geo-political zones and the government's focus on affordable housing initiatives. The construction industry's expansion is also driven by significant private sector participation, with an expected contribution of USD 738.60 billion towards infrastructure development, creating substantial opportunities for logistics services.
Remaining Segments in End User Industry
The other segments in the Nigeria freight and logistics market include wholesale and retail trade, oil and gas, mining and quarrying, and agriculture, fishing, and forestry. The wholesale and retail trade segment has been particularly influenced by the rapid growth of e-commerce and digital retail platforms. The oil and gas sector continues to be a crucial component, benefiting from Nigeria's position as a leading oil producer in Africa. The agriculture, fishing, and forestry sector's logistics requirements are driven by the government's focus on agricultural modernization and export promotion. Each of these segments contributes uniquely to the market's dynamics, with varying requirements for specialized logistics services and infrastructure support.
Segment Analysis: Logistics Function
Freight Transport Segment in Nigeria Freight and Logistics Market
The freight transport segment has emerged as both the largest and fastest-growing segment in Nigeria's freight and logistics market. In 2024, this segment accounts for approximately 37% of the total market value, driven by significant investments in transportation infrastructure and growing trade volumes. The segment's dominance is supported by the Nigerian government's USD 4.1 billion investment in reconstructing 44 highways covering 4,500 km of federal highways, along with the Federal Executive Council's approval of 25-year concessions on nine corridors connecting vital population and economic centers. The segment is projected to maintain its leadership position with the highest growth rate of around 7% during 2024-2029, supported by developments like the USD 1.3 billion railway project connecting Kano with Maradi and the ongoing modernization of Nigeria's ports, including the USD 1.5 billion Lekki Deep Sea Port project.
Remaining Segments in Logistics Function
The Nigerian freight and logistics market encompasses several other significant segments including freight forwarding companies in Nigeria, courier, express and parcel (CEP), warehousing and storage, and other logistics services. The freight forwarding segment has been strengthened by the implementation of various trade facilitation measures and the growth of e-commerce activities. The CEP segment has witnessed substantial growth due to the rise of e-commerce and last-mile delivery services, supported by technological advancements and improved delivery networks. The warehousing and storage segment has been transformed by investments in modern facilities and cold chain infrastructure, particularly benefiting from the growth in retail and e-commerce sectors. Warehouse companies in Nigeria are increasingly focusing on modernizing their facilities to meet the growing demand. Other logistics services, including value-added services and specialized logistics solutions, continue to play a crucial role in supporting the overall supply chain ecosystem in Nigeria.
Nigeria Freight and Logistics Industry Overview
Top Companies in Nigeria Freight and Logistics Market
The Nigerian freight and logistics market features prominent players like Maersk, JOF Nigeria, Bolloré Group, Red Star Express, and Africa Access 3PL Limited leading the industry. Companies are increasingly focusing on digital transformation through the implementation of advanced tracking systems, automated warehousing solutions, and integrated logistics platforms to enhance operational efficiency. Strategic partnerships and collaborations, particularly in the e-commerce sector, have become a key trend as companies aim to expand their service offerings and geographical reach. Infrastructure development initiatives, including investments in cold storage facilities, transportation fleets, and warehousing capabilities, demonstrate the industry's commitment to building robust logistics networks. Companies are also emphasizing sustainability through the adoption of electric vehicles and eco-friendly practices, while simultaneously expanding their presence in specialized segments like temperature-controlled logistics and project cargo handling.
Market Structure Shows Mix of Players
The Nigerian freight and logistics market exhibits a fragmented structure with a mix of global logistics giants and local specialists operating across various segments. International players like Maersk and CMA CGM leverage their global networks and technological capabilities to maintain strong positions in the market, particularly in ocean freight and container handling services. Local players such as Red Star Express and JOF Nigeria have carved out significant market share through their deep understanding of regional dynamics and extensive local distribution networks. The market has witnessed increased participation from technology-driven logistics startups, particularly in last-mile delivery and e-commerce fulfillment services, challenging traditional operators to innovate and adapt.
The industry is characterized by strategic partnerships between global and local players to enhance service offerings and market coverage. Merger and acquisition activities have been primarily focused on expanding capabilities in specialized segments such as cold chain logistics and project cargo handling. The market structure is evolving with the entry of e-commerce-focused logistics providers and the expansion of traditional players into value-added services. Companies are increasingly pursuing vertical integration strategies to offer end-to-end logistics solutions, while also maintaining flexibility through strategic partnerships with specialized service providers.
Innovation and Integration Drive Future Success
Success in the Nigerian freight and logistics market increasingly depends on companies' ability to integrate digital solutions while maintaining robust physical infrastructure. Incumbent players must focus on developing comprehensive digital platforms that offer real-time tracking, automated documentation, and seamless customer interfaces while simultaneously expanding their physical presence through strategic infrastructure investments. The ability to offer specialized services in high-growth segments such as cold chain logistics and e-commerce fulfillment will be crucial for maintaining market position. Companies must also strengthen their last-mile delivery capabilities and develop sustainable practices to meet evolving customer expectations and regulatory requirements.
For new entrants and emerging players, success lies in identifying and serving underserved market segments while building strategic partnerships to overcome infrastructure limitations. Companies must focus on developing innovative solutions for specific industry verticals, such as healthcare logistics or agricultural supply chains, while maintaining operational flexibility through asset-light models. The ability to adapt to changing regulatory requirements, particularly in areas such as customs clearance and environmental compliance, will be crucial for long-term success. Players must also invest in building strong relationships with key stakeholders, including government agencies and industry associations, while maintaining operational efficiency through technology adoption and process optimization.
Nigeria Freight and Logistics Market Leaders
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A.P. Moller - Maersk
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CMA CGM Group (including CEVA Logistics)
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DP World (including Imperial Logistics (Pty) Ltd.)
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Gulf Agency Company (GAC)
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Red Star Express PLC
- *Disclaimer: Major Players sorted in no particular order
Nigeria Freight and Logistics Market News
- August 2024: CEVA Logistics and Bolloré Logistics started to operate under one unified brand, CEVA Logistics, to offer air, ocean, ground, and rail transport, contract logistics, finished vehicle logistics, project logistics, and customs solutions. Already underway, CEVA is expected to complete the rebranding process by the end of 2024. CEVA Logistics gained significant scale and industry experience, particularly in air and ocean freight management, due to the addition of Bolloré Logistics. In addition, CEVA combined its Air and Ocean operations in order to capitalize on best practices and technology investments, notably in finalizing its implementation of CargoWise.
- July 2024: Red Star Express had secured a dedicated space close to its head office, bolstering its e-commerce logistics operations. This facility not only consolidated the company's operations and sales activities but also underscored its dedication to enhancing its e-commerce logistics prowess. Beyond this investment, Red Star Express amplified its brand positioning by erecting a sizable, eye-catching signage at its head office, a strategic move to boost visibility and solidify its market presence.
- April 2024: CMA CGM Group launched SEA REWARD, a loyalty program powered by SpotOn, aimed at enhancing customer experiences in the shipping sector. Customers earned rewards for each booking made through SpotOn. The program operated in Europe and the Levant region (covering Lebanon and Jordan) and extended across the Middle East, reaching countries like Saudi Arabia, East Africa, and India. Plans were in place for a phased global rollout.
Nigeria Freight and Logistics Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Demographics
- 4.2 GDP Distribution By Economic Activity
- 4.3 GDP Growth By Economic Activity
- 4.4 Inflation
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4.5 Economic Performance And Profile
- 4.5.1 Trends in E-Commerce Industry
- 4.5.2 Trends in Manufacturing Industry
- 4.6 Transport And Storage Sector GDP
- 4.7 Export Trends
- 4.8 Import Trends
- 4.9 Fuel Price
- 4.10 Trucking Operational Costs
- 4.11 Trucking Fleet Size By Type
- 4.12 Logistics Performance
- 4.13 Modal Share
- 4.14 Maritime Fleet Load Carrying Capacity
- 4.15 Liner Shipping Connectivity
- 4.16 Port Calls And Performance
- 4.17 Freight Pricing Trends
- 4.18 Freight Tonnage Trends
- 4.19 Infrastructure
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4.20 Regulatory Framework (Road and Rail)
- 4.20.1 Nigeria
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4.21 Regulatory Framework (Sea and Air)
- 4.21.1 Nigeria
- 4.22 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes 1. Market value in USD for all segments 2. Market volume for select segments viz. freight transport, CEP (courier, express, and parcel) and warehousing & storage 3. Forecasts up to 2030 and analysis of growth prospects)
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5.1 End User Industry
- 5.1.1 Agriculture, Fishing, and Forestry
- 5.1.2 Construction
- 5.1.3 Manufacturing
- 5.1.4 Oil and Gas, Mining and Quarrying
- 5.1.5 Wholesale and Retail Trade
- 5.1.6 Others
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5.2 Logistics Function
- 5.2.1 Courier, Express, and Parcel (CEP)
- 5.2.1.1 By Destination Type
- 5.2.1.1.1 Domestic
- 5.2.1.1.2 International
- 5.2.2 Freight Forwarding
- 5.2.2.1 By Mode Of Transport
- 5.2.2.1.1 Air
- 5.2.2.1.2 Sea and Inland Waterways
- 5.2.2.1.3 Others
- 5.2.3 Freight Transport
- 5.2.3.1 By Mode Of Transport
- 5.2.3.1.1 Air
- 5.2.3.1.2 Pipelines
- 5.2.3.1.3 Rail
- 5.2.3.1.4 Road
- 5.2.3.1.5 Sea and Inland Waterways
- 5.2.4 Warehousing and Storage
- 5.2.4.1 By Temperature Control
- 5.2.4.1.1 Non-Temperature Controlled
- 5.2.4.1.2 Temperature Controlled
- 5.2.5 Other Services
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 A.P. Moller - Maersk
- 6.4.2 Africa Access 3PL Ltd.
- 6.4.3 AfriGlobal Logistics
- 6.4.4 CMA CGM Group (including CEVA Logistics)
- 6.4.5 DP World (including Imperial Logistics (Pty) Ltd.)
- 6.4.6 Fortune Global Shipping and Logistics Ltd.
- 6.4.7 GIG Logistics
- 6.4.8 Gulf Agency Company (GAC)
- 6.4.9 GWX Logistics
- 6.4.10 Hapag-Lloyd
- 6.4.11 JOF Nigeria Ltd.
- 6.4.12 Red Star Express PLC
7. KEY STRATEGIC QUESTIONS FOR FREIGHT AND LOGISTICS CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (Market Drivers, Restraints & Opportunities)
- 8.1.5 Technological Advancements
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
- 8.7 Currency Exchange Rate
Nigeria Freight and Logistics Industry Segmentation
Agriculture, Fishing, and Forestry, Construction, Manufacturing, Oil and Gas, Mining and Quarrying, Wholesale and Retail Trade, Others are covered as segments by End User Industry. Courier, Express, and Parcel (CEP), Freight Forwarding, Freight Transport, Warehousing and Storage are covered as segments by Logistics Function.End User Industry | Agriculture, Fishing, and Forestry | |||
Construction | ||||
Manufacturing | ||||
Oil and Gas, Mining and Quarrying | ||||
Wholesale and Retail Trade | ||||
Others | ||||
Logistics Function | Courier, Express, and Parcel (CEP) | By Destination Type | Domestic | |
International | ||||
Freight Forwarding | By Mode Of Transport | Air | ||
Sea and Inland Waterways | ||||
Others | ||||
Freight Transport | By Mode Of Transport | Air | ||
Pipelines | ||||
Rail | ||||
Road | ||||
Sea and Inland Waterways | ||||
Warehousing and Storage | By Temperature Control | Non-Temperature Controlled | ||
Temperature Controlled | ||||
Other Services |
Nigeria Freight and Logistics Market Research FAQs
How big is the Nigeria Freight and Logistics Market?
The Nigeria Freight and Logistics Market size is expected to reach USD 10.95 billion in 2025 and grow at a CAGR of 6.57% to reach USD 15.05 billion by 2030.
What is the current Nigeria Freight and Logistics Market size?
In 2025, the Nigeria Freight and Logistics Market size is expected to reach USD 10.95 billion.
Who are the key players in Nigeria Freight and Logistics Market?
A.P. Moller - Maersk, CMA CGM Group (including CEVA Logistics), DP World (including Imperial Logistics (Pty) Ltd.), Gulf Agency Company (GAC) and Red Star Express PLC are the major companies operating in the Nigeria Freight and Logistics Market.
Which segment has the biggest share in the Nigeria Freight and Logistics Market?
In the Nigeria Freight and Logistics Market, the Freight Transport segment accounts for the largest share by logistics function.
Which is the fastest growing segment in the Nigeria Freight and Logistics Market?
In 2025, the Courier, Express, and Parcel (CEP) segment accounts for the fastest growing by logistics function in the Nigeria Freight and Logistics Market.
What years does this Nigeria Freight and Logistics Market cover, and what was the market size in 2025?
In 2025, the Nigeria Freight and Logistics Market size was estimated at 10.95 billion. The report covers the Nigeria Freight and Logistics Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Nigeria Freight and Logistics Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Nigeria Freight and Logistics Market Research
Mordor Intelligence provides a comprehensive analysis of the logistics industry in Nigeria. We leverage our extensive expertise in freight and logistics research to deliver this report. It examines the dynamic logistics market landscape, including key segments such as oil and gas logistics, timber logistics, and various transportation services. The analysis covers crucial aspects of logistics services in Nigeria, from freight forwarding companies to warehouse companies in Nigeria. Stakeholders will find actionable insights in an easy-to-read report PDF format available for download.
The report benefits industry participants by offering detailed insights into logistics market trends and logistics industry analysis. It encompasses both established and emerging players in the logistics sector. Our research methodology incorporates extensive data from transport companies in Nigeria and evaluates the impact of various factors affecting the industry's growth. The report provides valuable insights into the logistics business in Nigeria. It includes a detailed analysis of infrastructure development, regulatory frameworks, and technological advancements shaping the freight industry. Stakeholders gain access to comprehensive logistics market analysis. This covers everything from last mile carrier operations to retail sector dynamics, enabling informed decision-making and strategic planning.