Supply Chain Management and Economic Development in Nigeria: The Role of Rail Transport Sector

Abstract

This paper examines the relationship between supply chain management, rail transport, and economic development in Nigeria, based on a systematic literature review. The study relies on theoretical frameworks of the Resource-Based View (RBV) and Stakeholder Theory (ST). The study reveals that effective supply chain management is crucial for economic development, and rail transport plays a vital role in enhancing supply chain efficiency. The paper highlights the challenges facing rail transport in Nigeria and proposes strategies for improvement. The findings suggest that investing in rail transport infrastructure, promoting public-private partnerships, and implementing efficient supply chain management practices can significantly contribute to Nigeria's economic growth and development. Among others, the paper recommends that implementation of efficient supply chain management practices, including logistics and transportation management. It is also recommended that private sector investment should be encouraged in rail transport infrastructure and operations in Nigeria.