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Institute harps on improved logistics performance index for nation’s economic growth

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Abiola Seun The Chartered Institute of Logistics and Transport (CILT), on Thursday, said logistics is very important to economic development of countries across the world.This was disclosed by the chairman, Conference Planning Committee of the institute, Prof. Kayode Oyesiku, at a press briefing heralding the 2022 national conference and Annual General Meeting in October, where stakeholders will profer effective solutions for national logistics and transport operation challenges in the country.According to him, a country with weak Logistics Performance Institute (LPI), will be vulnerable and susceptible to uncertainty and high business risk.He said, “The importance of logistics in the economic development of nations cannot be overemphasized.
The Logistics Performance Index (LPI) of nations is now the yardstick for measuring their economic resilience and competitiveness.
“Wherever the LPls are weak, the economy is vulnerable and susceptible to uncertainty and high business risks.
They are categorized as having poor education and health care systems as well as poor social welfare and security framework. “Therefore, giving the observed socio- economic phenomena in Nigeria from recent past to the present, the conference, through the combined cognitive interaction of professionals, practitioners and the academics, anticipates the adaptive measures that policy makers, thought developers and operators are required to embrace for sustainability and competitiveness, internally and amongst the league of allied nations.”According to Prof. Oyesiku, the conference would allow stakeholders to interogate the future of logistics and transport operations in Nigeria.He stated further that the conference would provide opportunities for Continuing Professional Development (CPD), for industry stakeholders, as well as, discovering new and innovative solutions to logistics and transport challenges that can impact business and professional practice.“The CILT 2022 Conference is intended to attract scores of delegates from within and outside Nigeria, including business leaders, the academia and policy makers. It will encourage multi -disciplinary networks and will provide platforms for academics and professionals to identify and examine the challenges, as well as proffer effective solutions for national logistics and transport operations.”“The Conference will comprise various Technical Sessions where subject -matter experts will lead conversations primarily aimed at interrogating the future of logistics and transport operations in Nigeria, especially within the context of a rapidly changing service environment, technological innovations and extensive planning dynamics that characterize logistics, transport and supply chain at the present time.”“It will also feature exhibitions of transportation and logistics products from cognate industries and sectors. This Conference is an opportunity for CPD for industry stakeholders and affords an excellent platform for networking with businesses, colleagues, and experts in various fields of interest. “As we dissect the logistics and transport industry from different cognitive perspectives, delegates will discover new and innovative solutions to logistics and transport challenges that can impact their businesses and professional practices.”

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CILT promises to improve Nigeria’s performance rating in logistics

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