Did You Know? Lagos State Generates Nearly 60% of Nigeria’s Maritime Revenue

Lagos State stands as the economic powerhouse of Nigeria, driving the nation's maritime industry with its strategic ports, high trade volume, and robust logistics network. As the hub of commercial activities, Lagos plays a pivotal role in international trade, handling the majority of the country's imports and exports. With an extensive coastline, world-class ports, and an active shipping sector, Lagos generates nearly 60% of Nigeria’s maritime revenue, making it the most significant contributor to the nation’s trade and logistics economy.

Lagos: The Heart of Nigeria’s Maritime Industry

Lagos accounts for over 80% of Nigeria’s foreign trade flows and more than 50% of port revenues, with major terminals such as Apapa Port, Tin Can Island Port, and the recently established Lekki Deep Sea Port handling massive volumes of cargo. These ports serve as gateways to international markets, facilitating the movement of goods and driving economic growth.

Furthermore, the Nigerian Maritime Administration and Safety Agency (NIMASA) derives nearly 70% of its revenue from Lagos State, further reinforcing the state's dominance in the industry. This highlights how Lagos remains critical to Nigeria’s position as a major maritime and trade hub in Africa.

What This Means for Nigeria’s Economy

The maritime industry contributes over ₦7 trillion annually to the Nigerian economy, supporting key sectors such as oil and gas, manufacturing, and agriculture. Lagos State's strong presence in this sector ensures:

✅ Steady Revenue Generation – Customs duties, port charges, and shipping taxes boost government income.
✅ Employment Opportunities – Thousands of jobs in shipping, logistics, and freight forwarding.
✅ Increased Foreign Direct Investment (FDI) – Investors are drawn to Lagos due to its high trade volume and advanced port facilities.
✅ Strengthened Supply Chain – Businesses rely on Lagos ports for seamless import and export processes.

Ketex Global Limited: Your Trusted Partner in Global Trade

At Ketex Global Limited, we understand the importance of efficient shipping and logistics in a fast-paced global economy. As a trusted name in the maritime sector, we specialize in:

🚢 Customs Clearing & Forwarding – Hassle-free import and export clearance.
🚛 Freight & Logistics Solutions – Reliable transportation and distribution.
📦 Import & Export Consultancy – Expert guidance on compliance and regulations.
🌍 Supply Chain Optimization – Ensuring cost-effective, timely shipments.

Located in Apapa, Lagos—the heart of Nigeria’s maritime industry—Ketex Global is strategically positioned to provide top-tier services for businesses looking to navigate the complexities of international trade.

Stay Connected for More Industry Insights

Want to stay updated on the latest maritime trends and trade insights? Follow Ketex Global across social media platforms—Instagram, Twitter (X), and Facebook—for expert tips, industry news, and seamless logistics solutions.

📍 Visit Us: 5 Adele Street, Apapa, Lagos
📧 Email: ketexglobal@gmail.com
📞 Call Us: +234 707 667 6652

🔹 Partner with Ketex Global today and experience seamless global trade!

Written by Adekoya Martins