Talk of one company that has really stood the test of time in Nigeria's Cargo and Logistics sector, then JUSSEG Travels come to mind.
JUSSEG Logistics, an arm of the company, has been able to lay claim to some stake in the industry. By adopting innovative technology which is buoyed by increasing internet penetration that has in turn boosted its processes via machine learning and Artificial intelligence to automate and interrogate insights that with hitherto have been lost in a data haystack.
Technological innovation has boosted the company’s profile despite global economic challenges, as JUSSEG logistics hope to key into the AFCTA (Africa Continental Free Trade Area) agreement, which is expected to create the largest free trade area in the world.
JUSSEG is geared up to becoming a major player on the African continent and a thought leader in haulage and logistics through its technological innovations.
Nigeria can be described as the gateway to West Africa with Lagos as the location of our nation’s most active international trading centre. With two seaports handling majority of sea freight trade at Nigeria’s commercial capital, there are plans to further grow this sector with the construction of a new deep-sea port in Lekki and the Trans-African Highway.
Nigeria is also connected to major foreign countries via air with Muritala Muhammed Airport (MM1) being the busiest in terms of cargo shipping.
The cargo sector in Nigeria is valued at about sixty billion dollars ($60B) and Nigeria's freight and logistics market is expected to record a CAGR of about 3% in the forecast period of 2022 to 2027.
JUSSEG is fast becoming a key player in the sector fragmented with a mix of foreign and indigenous companies.
The company's aim is to overcome the rough business terrain in Nigeria with a business model and investments in infrastructure.
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