00:00yes nigeria is an import dependent country and rely mostly on import we won't say we are not
00:05exporting but we import more and that crisis has led to increasing freight because when you look
00:12at shipping companies they've stopped their ships going towards the middle east and some are
00:16rerouting their ships and because they are rerouting they are increasing their freight
00:19rates so all these boils down to consumers and we look at most of the goods that are shipped
00:25towards their roads when those things come in they are being sold at a higher cost this is just
00:30issue that we all should be concerned about this first cost is affecting everybody because as an
00:35importer if you're importing you should know you are going to pay double of the price they're using
00:40to import it and when it comes to our port here in nigeria we're also paying high to you know
00:46clear
00:46the goods and at the end of the day everybody is just affected yeah so this is where we'll stop
00:51for
00:51today and for more updates you can follow us on all our social media platforms thank you
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