The Managing Director of Nigerian Ports Authority (NPA), Hadiza Bala Usman, has commissioned two new multimillion-dollar, state-of-the-art Mobile Harbor Cranes (MHCs) at Apapa Port, Lagos.
The new cranes were acquired as part of APM Terminals’ additional investment of US$80 million (N33.6billion) for the year 2020-2021, bringing the total investment by the company in Apapa since 2006 to US$438million (about N184billion), which is the highest by any private terminal operator in Nigeria.
Bala Usman commented: “We are engaging with the Nigeria Customs Service to remove overtime containers from the port to free vital space for incoming cargo.We are also working with terminal operators to increase the barging of containers to take pressure off the roads. We have noted a significant growth in barging capacity and operations with more containers moved daily by barges from the port,”
Head of Terminals, Africa and Middle East region of APM Terminals, David Skov, added: “The additional investment we are making is to handle the increased trade volumes into Nigeria. Trade in Nigeria is growing due to the many favorable efforts and policies of the Federal government of Nigeria including but not limited to the policy on ease of doing business; stabilization of foreign exchange; closure of the land borders which has increased the use of our sea ports; and diversification of the economy.
“The additional investments will create capacity to handle the growth in the economy to support the Federal government’s efforts on trade growth and improve service delivery across the logistic chain in Nigeria.”