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TRANSPORTATION

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Nigeria’s transportation sector is a critical component of the economy, facilitating the movement of people and goods across the country. The sector is dominated by road transportation, but there are opportunities for investment in rail, air, and water transportation. However, the sector faces challenges such as inadequate infrastructure and high operating costs. Opportunities for investment in the sector include mass transit systems, logistics, digitalization, and intermodal transportation. Nigeria’s transportation trade value is relatively low, but there is potential for growth in the domestic and international markets. Competitive advantage in this sector includes a large and growing market, a need for improved transportation services and infrastructure, and a supportive regulatory environment. The transport and logistics trade value is relatively high, with investments from local and international logistics companies. Shared value in this sector includes job creation, improved transportation infrastructure, and economic growth.