Nigeria's Maritime Sector Sees 1,085% Export Surge
• Punch Newspapers • Business
Frederik Klink, the Chief Executive Officer of APM Terminals Nigeria, stated that Nigeria's maritime sector is demonstrating resilience and momentum, with a dramatic surge in export volumes of 1,085% as reported by the Nigerian Port Authority for the third quarter of 2025. This growth is attributed to strategic reforms and investments that are yielding tangible results, despite global uncertainties affecting the maritime industry. Klink emphasized the importance of operational improvements and the rollout of a national single window digital platform aimed at streamlining the import-export process, which is expected to significantly reduce cargo clearance timelines. He noted that Nigeria's export expansion reflects a positive response to reforms, but warned that sustained intervention is necessary to support the country's diversification agenda. APM Terminals is investing $600 million to enhance infrastructure and facilitate smoother cargo movement, which includes establishing dedicated freight stations and launching rail services to improve export logistics.
Topics: Business, Trade