Infrastructure and Transportation

The transportation sector consists of the air, marine, rail, and road freight sectors. The Nigerian transportation sector group had total revenues of $5,111.7million in 2019, representing a compound annual growth rate (CAGR) of 5.8% between 2015 and 2019.

The road segment was the industry group’s most lucrative in 2019, with total revenues of $5,080.7million, equivalent to 99.4% of the industry group’s overall value. According to the National Bureau of Statistics, the GDP from transportation in Nigeria increased from 318160.43 NGN million in the second quarter of 2022 from 191448.27 NGN million in the first quarter of 2022.

The performance of the transportation services industry is highly correlated to fuel costs, labour costs, demand for services, geopolitical events, and government regulation.

The Transportation and Logistics Sector in Nigeria is undoubtedly the gateway to the nation’s economy and the backbone that facilitates trade, supply chain and general economic success.

Based on our experience so far in the operations of the sector, we understand that due to the versatility of the industry, there would be a need to enter certain contractual relationships with third parties and external players, our team of expert lawyers are well equipped to provide advisory services as it relates with such transactions and relations while also providing our clients with detailed and cutting-edge agreements to adequately safeguard their interests.

The Firm has been able to provide:

advisory services across the entire value chain in the transportation and logistics industry with respect to the contractual relationships amongst players and stakeholders in the industry and the shift of liabilities between parties,
advisory on the prevalent issue of insurance and third-party risks and liability etc for the purpose of mitigating the risks associated with the industry and the protection of the players.
Furthermore, the transportation industry is particularly delicate in nature as it specifically involves constant human interactions, and it is without saying that from time-to-time disputes may erupt in the course of carrying out daily activities. Given our extensive knowledge and long practice in litigation and Alternative Dispute Resolution (ADR), we are in a good position to represent our clients in any dispute that may arise from its operations or partnership.

Similarly, our team is adequately equipped to provide all necessary advisory services as it relates to the transportation Industry which may cut across Regulatory Compliances, approvals, licensing, and other related issues.