APM Terminals Nigeria Advocates Port Modernization Efforts

APM Terminals Nigeria has called for the modernization of port infrastructure and diversification of cargo evacuation systems to enhance trade efficiency and stimulate economic growth. CEO Koen De Backker made these remarks at the 32nd Nigerian Economic Summit in Abuja.

He stressed that increased investment in technology and stronger public-private partnerships are essential to address operational bottlenecks and reduce cargo delays. De Backker pointed out that prolonged container dwell time is a significant constraint on terminal capacity and urged the adoption of rail and barging to complement road transportation.

He cited APM Terminals' logistics center in Ibadan as an example of how alternative transport systems can improve port efficiency. De Backker also highlighted collaboration with the Nigeria Customs Service on cargo scanning, which has reduced import container dwell time from 18 to 14 days.

The summit, held from October 26 to 27, focused on creating jobs, improving productivity, and driving inclusive economic growth.