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    MarketForces Africa » MarketForces News » Cargo Transport: Nigeria Lost About N7bn to Strike – Agents

    Cargo Transport: Nigeria Lost About N7bn to Strike – Agents

    Olu AnisereBy Olu AnisereJune 7, 2024 News No Comments2 Mins Read
    Cargo Transport: Nigeria Lost About N7bn to Strike – Agents
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    Cargo Transport: Nigeria Lost About N7bn to Strike – Agents

    The Domestic Airports Cargo Agents Association (DACAA) has estimated that Nigeria lost about N7 billion during the two-day workers’ nationwide strike.

    The strike was embarked on by Nigerian workers under the auspices of the Nigeria Labour Congress and the Trade Union Congress on Monday and Tuesday.

    The Chairman of the Board of Trustees of DACAA,  Mr Ikpe Nkanang, made the disclosure in an interview wiith the News Agency on Friday in Lagos.

    Nkanang said that about 30 tonnes of cargoes were lifted across the country’s domestic airports daily.

    According to him, the volume of cargoes dumped during the two-day strike could only be imagined.

    He told NAN that a lot of cargoes had been gathered and made ready for freight on Monday morning before the commencement of the strike.

     “For those two days, the airlines were not working,  and once the airlines are not working, cargo cannot move, and it is a great loss to all of us.

     “You needed to see the volume of cargo that was dumped over those two days; of course, you know we gathered cargoes during the weekend hoping that by Monday and Tuesday we would be able to send them out.

     “It was a colossal loss to us in the cargo world, it affected our income and, of course, the economy of the country.

    “For those few hours of the strike, the country lost about N7 billion across all local airports,” he said.

    According to him, transporting  a kilogramme of cargo costs N300.

    Nkanang urged the Federal Government to reach an agreement with the organised labour in time to avert resumption of the strike.

    Airport operations were grounded during the strike  as aviation unions blocked all access points to  domestic terminals. #Cargo Transport: Nigeria Lost About N7bn to Strike – Agents

    FCMB Targets N21.2 Billion Profit in Q3-2024

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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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