Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News Business

Minister of Transportation inaugurates new port terminal in Apapa

Chike Olisah by Chike Olisah
December 21, 2020
in Business
Amaechi proposes a capital budget of N205 billion for Ministry of Transportation in 2021, FG approves $3 billion Port Harcourt-Maiduguri railway and $462 million Bonny deep seaport, Banks to hold shipowners accountable for $200m CVFF disbursement. FG sets deadline for completion of Ibadan-Kano rail project, gives reason for delay 

Rotimi Amaechi

Share on FacebookShare on TwitterShare on Linkedin

The Minister of Transportation, Mr Rotimi Amaechi, has launched a new operation command centre built by terminal operator, APM Terminals Apapa, to boost efficiency and service delivery.

While performing the inauguration of the terminal, Amaechi said that the completion of ongoing rail line projects would ease the movement of containers out of Apapa Port, thereby reducing massive pressure on the road infrastructure.

READ: Poor infrastructure costs Manufacturers N20 billion yearly – MAN 

RelatedPosts

APM Terminal says it has invested N180 billion so far in Apapa port

How to reduce your electricity bill in Lagos

According to a report from News Agency of Nigeria (NAN), this disclosure was contained in a statement issued by the Nigeria Country Manager of APM Terminals, Mr Klaus Laursen, in Lagos on Monday, December 21, 2020.

READ: AfCFTA forces FG to revamp port infrastructure to avert trade loss 

News continues after this ad


What the APM Terminals Country Manager is saying

Laursen pointed out that the new operation command centre will improve operational efficiency, provide a better working environment, strengthen the exchange of information and coordination in the movement of containers out of the port, as well as other benefits. The APM boss said

READ: IMF Chief says roads, customs’ facilities in Lagos seaport are poor, inefficient

News continues after this ad


  • “The centre is the brain of the business. It is about day-to-day execution where information is exchanged. This is where we decide which box to put where at which time and the equipment to pick so that everything works together.
  • “It will help locate containers whether to go on a truck or barge at the right time. It will also help to know where a container is and allocate a piece of equipment to lift the container. That is what the centre will help do.
  • “With the type of terminal of this size and with this equipment, we should be able to put around 40 to 45 moves per hour across the quay. It will improve productivity. We are targeting about 700 deliveries per day and we will like to double that so we need stronger delivery capabilities, so the importers and the exporters in Nigeria can get faster access to their cargo and possibly at a cheaper rate.”

In addition, Laursen expressed the company’s support for the Federal Government’s effort to develop a rail transportation system for the movement of goods out of the port in order to reduce road traffic.

READ: FG concludes plan to demolish Lagos Airport, reconstruct with N14bn

What you should know

  • The concessioning of the major ports in the country to private terminal operators by the Obasanjo administration in 2006 was done to improve efficiency and productivity in the Nigerian Ports Sector.
  • There have been some massive improvements in ports operations as evidenced in the huge investments by the terminal operators and high-level efficiency in the ports.
  • However, with most of the country’s importation coming through the Lagos ports with the attendant traffic and pressure on the road infrastructure, the commissioning of the rail line projects in and out of the ports will massively relieve this pressure and further improve on efficiency.

READ: FG sets deadline for completion of Ibadan-Kano rail project

Related

Tags: APM Terminals ApapaNigeria News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Growth of Private Conglomerates like BUA Group Evidence of the Correctness of our Policies, Says President Buhari
    • BUAFOODS’ ascension to SWOOTs not enough to stop NGX from shedding N190 billion
    • Buhari again urges ASUU to call off strike, says it’s counterproductive

    Follow us on social media:

    Recent News

    Growth of Private Conglomerates like BUA Group Evidence of the Correctness of our Policies, Says President Buhari

    Growth of Private Conglomerates like BUA Group Evidence of the Correctness of our Policies, Says President Buhari

    August 12, 2022
    BUA Cement Plc leads stocks worth over one trillion as market cap rises by N50.80 billion

    BUAFOODS’ ascension to SWOOTs not enough to stop NGX from shedding N190 billion

    August 12, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com