Current Haulage Rates in Nigeria: July 2024 Update

The haulage industry in Nigeria is a critical component of the country’s logistics and supply chain, facilitating the movement of goods across various regions. As of July 2024, haulage rates in Nigeria have been influenced by several factors, including fuel prices, road conditions, and regulatory changes. Here’s an overview of the current haulage rates and insights into the industry.

Current Haulage Rates

General Haulage Costs

The cost of transporting goods within Nigeria varies significantly based on the distance, type of cargo, and specific routes. Here are some examples of current haulage rates:

• 20-foot container from Lagos to other parts of Lagos: Approximately ₦500,000.
• 40-foot container from Lagos to other parts of Lagos: Approximately ₦700,000.
• Containers to Northern states: Between ₦900,000 and ₦1,000,000 per container​ (Businessamlive)​​ (Home | Maritime Today Online)​​ (The Tide News Online)​.

Factors Influencing Haulage Rates

1. Fuel Prices

The cost of diesel, a primary fuel used in haulage trucks, has seen significant increases. As of July 2024, diesel prices range between ₦1,500 and ₦1,700 per liter, up from ₦300 per liter in previous years. This increase has a direct impact on haulage costs​ (Home | Maritime Today Online)​​ (The Tide News Online)​.

2. Road Conditions

Poor road infrastructure in many parts of Nigeria leads to higher maintenance costs for vehicles and longer transit times. These factors contribute to increased haulage rates as transport companies seek to cover their operational costs.

3. Regulatory Changes

The Nigerian Shippers’ Council (NSC) has implemented new haulage rates to standardize transport charges and ensure fair pricing across the industry. These rates are subject to negotiation but provide a benchmark for transport costs​ (Businessamlive)​​ (Home | Maritime Today Online)​.

4. Supply Chain and Logistics

Efficient logistics and supply chain management can help mitigate some of the costs associated with haulage. Companies that optimize their logistics operations tend to offer more competitive rates.

How Wigmore Trading Can Assist

Wigmore Trading provides comprehensive logistics and haulage services tailored to meet the diverse needs of our clients. Our services are designed to ensure efficient and cost-effective transportation of goods across Nigeria.

Our Services Include:

• Reliable Haulage Solutions: We offer competitive and transparent haulage rates, leveraging our extensive network and advanced logistics capabilities.
• Fleet Management: Our well-maintained fleet ensures timely and safe delivery of your cargo.
• Expertise and Experience: With years of experience in the logistics industry, we provide expert guidance and support to optimize your supply chain operations.
• Real-Time Tracking: We offer real-time tracking of shipments, providing you with up-to-date information on the status of your cargo.

Benefits of Partnering with Wigmore Trading

• Cost Savings: Our efficient logistics operations help reduce overall transport costs.
• Reliability: We prioritize the safe and timely delivery of your goods.
• Customer Support: Our dedicated team is always available to address your queries and provide solutions tailored to your needs.

For more information on our haulage services and to get a quote, visit Wigmore Trading.

Conclusion

Understanding the current haulage rates and the factors influencing them is crucial for businesses involved in the transportation of goods within Nigeria. With rising fuel costs and regulatory changes, partnering with a reliable logistics provider like Wigmore Trading can help manage these challenges effectively. Contact us today to learn how we can support your haulage needs.