Freight Forwarders Urge Steady Exchange Rate for Business Stability in Nigeria

Freight forwarders in Nigeria are urging the government to implement a stable exchange rate policy to mitigate the impact of currency fluctuations on their businesses.

Freight forwarders in Nigeria have urged the government to implement a stable exchange rate policy as they face challenges navigating fluctuating currency values that can significantly impact their operations and profits. The President of the Africa Association of Professional Freight Forwarders and Logistics of Nigeria, Frank Ogunojemite, made this call amid growing concerns about the impact of exchange rate volatility on the country's logistics sector. A steady exchange rate would help reduce the uncertainty faced by freight forwarders and promote economic growth through smoother international trade. By stabilizing the exchange rate, the government aims to create a more favorable business environment for the logistics industry.