Africa relies heavily on its seaports and trade terminals to facilitate trade, serving as key gateways for imports and exports. These plays crucial roles in the continent’s economic development, despite accounting for only 2.7% of global trade by value, the continent contributes 7% of global maritime exports and 5% of maritime imports by volume.
Even though one-third of African nations are landlocked, seaports remain essential for economic activity, connecting businesses to international markets.
FG endorses $3.5bn Bakassi Deep Seaport