APM Terminals Apapa sees 25% non-oil exports

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APM Terminals Apapa announced a 25% increase in non-oil export throughput for the first half of 2024, handling 51,000 TEUs compared to 47,000 TEUs during the same period in 2023.

The company’s Chief Financial Officer, Courage Obadagbonyi, attributed the growth to its commitment to supporting Nigeria’s economic diversification through the promotion of non-oil exports.

He emphasized the role non-oil exports play in job creation, foreign exchange earnings, and controlling inflation, urging for improvements in transport infrastructure and simplified export regulations to further boost the sector.

Caroline Aubert-Adewuyi, Chief Commercial Officer, highlighted the terminal’s efforts to support this growth by expanding barge operations and enhancing logistics services, such as introducing a booking app and improving rail transport options.

The terminal also implemented dedicated export lanes and extended gate access, which has significantly reduced container turnaround times.

At the company’s second Exporters Forum, exporters praised APM Terminals’ use of rail transport for cargo evacuation, noting its environmental benefits.

The forum facilitated direct engagement between exporters and the terminal’s management, reinforcing APM Terminals’ role in advancing Nigeria’s non-oil exports and its collaboration with stakeholders to further the country’s economic diversification.

The Nation

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