By Obiabin Onukwugha
Chief Executive Officer of APM Terminals, Nigeria, Frederik Klinke, revealed that the company says it hopes to achieve significant $110 million investments at the Apapa Port in Lago.
Klinke said APM’s largest terminals operations is concentrated in Onne Ports, Rivers State, having invested $110 million. He also disclosed that the company operates the Inland Dry Port in Kano.
Klinke, who came in the company of the General Manager Legal and Corporate Affairs of APM Terminals, Chinenye Mirian Deinde, remarked that Nigeria is at a critical junction in terms of developing the logistics of its ports’ operations.
The APM Terminals CEO made this known during a recent visit to the Federal Ministry of Transportation, Marine, and Blue Economy in Abuja.
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He said:: “We hope to invest more in the scanners in a way that is economically sustainable; as right now, what is on the ground is just 25% of what is required.”
Klinke also pointed out the need for Nigeria to develop its supply chains to support economic growth and to realise the $1 trillion target it ascribes to the marine and blue economy.
He highlighted the urgent need for the federal government to link rail connections with the Onne Port and the terminal to enhance operations.
Responding, the Permanent Secretary, Federal Ministry of Transportation, Marine, and Blue Economy, Olufemi Oloruntola, said the Federal Government, will adopt 100 per cent scanning of cargo rather than physical inspection within the ports.
Oloruntola also disloced plans by the federal government FG to upgrade cargo scanning from the present status of 25 per cent to 100% by procuring four additional scanners where there is currently one, noting that the move would bolster the effectiveness and efficiency of operations.
He assured the management team of APM Terminals that the present administration is ready to tinker with ports’ operations to realise the N10 trillion projection for the sector.
