SERC warns foreign firms are altering Nigeria’s commercial landscape
The maritime group SERC has warned that foreign businesses are changing the way commerce operates in Nigeria by using integrated supply chains. According to Punch Nigeria, the group said these arrangements can bypass local traders, although the available report does not specify the companies involved, the sectors affected or the measures it wants authorities to take.
A maritime group, SERC, has warned that foreign businesses are reshaping commerce in Nigeria through integrated supply chains. According to Punch Nigeria, SERC said the supply-chain arrangements allow foreign companies to bypass local traders. The warning focused on the effect of these business structures on the role played by Nigerian traders in commercial activity.
The supplied report does not identify the foreign businesses involved or specify the commodities and markets in which the group believes the change is taking place. It also does not provide figures showing the scale of the impact on local traders. SERC’s warning, as reported, raises concern about how increasingly connected commercial operations may affect domestic participation in trade.
However, the available material does not state whether the group proposed regulatory changes, support for local businesses or other responses. The report also contains no response from the affected businesses or from government authorities. Its central claim is limited to SERC’s assessment that foreign firms are using integrated supply chains in ways that are changing Nigerian commerce and bypassing local traders.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.