By Onome Amuge
FedEx Express (FedEx), a subsidiary of FedEx Corp. and the world’s largest express transportation company, has announced that it has established a direct commercial presence in Nigeria, to meet the country’s growing international shipping demands.
The transportation company, in a statement made available to Business A.M, explained that its direct presence in the country will enable businesses and customers in Nigeria to have greater access to a wider portfolio of FedEx Express shipping solutions, while Red Star Express Plc, its service provider in Nigeria continues to provide the infrastructure for ground operations.
“Additionally, FedEx will now have dedicated sales and customer technology teams on ground to interact and provide enhanced logistics expertise to help local businesses grow internationally,” the statement disclosed.
Commenting on the development, Taarek Hinedi, vice president for FedEx Middle East and Africa operations, said, “Today we are closer to our customers than ever before. This strategic step makes it easier for local businesses to ship with us as they look to tap more import and export opportunities and grow their customers around the world.”
Hinedi remarked that Nigeria is on the right path for further growth and FedEx is committed to supporting this growth and connecting Nigeria to some of the biggest trading partners located in Asia and Europe.
He stated further that the FedEx network is crucial to provide businesses with greater connectivity between Africa and Europe as well as within the Asia Pacific, Middle East and Africa (AMEA) region.
As Nigeria continues with its 2021 to 2025 National Development Plan to increase the share of its exports to Africa up to 35 per cent from a base figure of 20 per cent, FedEx said businesses will require a range of international services and solutions to help boost the economy.
As a result, the transportation company assured that it remains committed to supporting the Nigerian Government’s Economic Recovery and Growth Plan (ERGP), to drive structural reforms to diversify its economy and reduce dependency on oil.
“The FedEx direct presence in the country will help connect Nigeria business owners, exporters, importers, and consumers to more than 220 countries and territories worldwide, covering more than 99 per cent of the world’s gross domestic product,” FedEx stated.
FedEx has been facilitating trade in Nigeria since 1994, offering its international solutions through Red Star Express Plc. With the latest initiative, the company is expected to continue leveraging the capabilities and infrastructure of the service provider, Red Star Express Plc, to provide pick-ups, deliveries, customs clearance services, and retail locations across the country.
