The Senate Committee on Privatisation recently expressed appreciation for APM Terminals Apapa, recognizing its significant impact on port modernization and investments in Nigeria. During a visit led by Senator Aminu Tambuwal, along with officials from the Nigerian Ports Authority and the Bureau of Public Enterprises, the committee applauded APM Terminals for its contributions to improving port infrastructure and operational efficiency. The committee expressed a commitment to support the terminal in overcoming barriers that hinder trade facilitation, highlighting the importance of effective collaboration between public and private entities in driving economic growth.
Senator Tambuwal commended APM Terminals for its commitment to enhancing service delivery and emphasized the necessity of continued improvements. He assured the company of the committee’s support in addressing obstacles, particularly the challenges posed by numerous government agencies involved in the cargo inspection process at the port. This collaborative approach aims to streamline operations, thereby fostering a more conducive environment for trade and investment in Nigeria’s maritime sector. The committee’s focus underscores the urgent need for regulatory reforms to optimize port processes and make them more business-friendly.
Senator Sunday Katung echoed this sentiment, praising APM Terminals for its consistent tax contributions and financial stability. He noted that based on the terminal’s financial performance, there is potential for further improvement contingent on addressing highlighted challenges. Katung’s acknowledgment of the terminal’s fiscal responsibility reflects an understanding of the critical role that efficient port operations play in national revenue generation. By commending APM Terminals’ financial contributions, the committee signals the importance of corporate accountability and stewardship in the maritime industry.
During the oversight visit, the Terminal Manager, Steen Knudsen, provided insights into the transformative progress achieved since the concession program began. He cited substantial enhancements in operational efficiency, such as improved equipment and expedited vessel turnaround times, attributing these advancements to the public-private partnership model that has redefined Nigeria’s port system. Knudsen’s remarks reinforce the vital role that collaborative initiatives play in improving service delivery and operational capacity, which ultimately strengthens the maritime sector and the broader economy.
Chinenye Mirian Deinde, the General Manager of Legal and Corporate Affairs at APMT Nigeria, discussed the company’s ongoing investments aimed at expanding the terminal’s capacity and bolstering Nigeria’s economic diversification efforts. She emphasized APM Terminals’ commitment to enhancing infrastructure, as well as container handling and operational technologies. These strategic investments have led to significant advancements, including zero waiting time for vessels and a dramatic increase in container volumes. Deinde’s statements underscore the importance of continuous investment in port infrastructure to keep pace with growing trade demands and emerging opportunities in export markets.
As the largest container terminal in Nigeria, APM Terminals Apapa plays an integral role in the country’s maritime landscape, acting as a vital conduit for international trade. Located within the Lagos Port Complex, the terminal benefits from intermodal connectivity options that facilitate efficient logistics and supply chain operations. By continuously investing in modern infrastructure and embracing innovative practices, APM Terminals supports Nigeria’s economic growth, showcasing how strategic partnerships in the maritime sector can lead to significant advancements in trade facilitation and overall national development.
