APMT Champions Port Modernisation, Collaboration to Drive Inclusive Growth

Oluchi Chibuzor, of APM Terminals Nigeria, emphasized the significance of efficient ports, modern infrastructure and improved public-private collaboration for trade, productivity, and Nigeria's economic growth at the 32nd Nigerian Economic Summit (NES #32) in Abuja. The Summit gathered leaders from government, private sector and other stakeholders to discuss Nigeria's economic development.

Vice President Kashim Shettima, speaking on behalf of President Bola Ahmed Tinubu, highlighted the need for increased productivity to turn reforms into prosperity. He stated that the government would continue to reduce regulatory burdens, enhance transparency and policy predictability, and boost access to finance.

During a plenary session, APM Terminals Nigeria's CEO, Koen De Backker, emphasized the critical role of ports in facilitating trade and generating economic value. He noted that the primary objective of ports is to ensure the smooth movement of cargo in and out of the terminal, thereby creating wealth and prosperity for Nigeria. De Backker pointed out capacity constraints in ports as a major challenge, as containers remaining in terminal too long reduce the capacity required to keep cargo moving.

He advocated for diversifying cargo evacuation methods beyond road transportation by expanding alternatives like barging and rail. De Backker provided an example of APM Terminals' logistics center in Ibadan, where export cargo is consolidated, loaded into containers, and then transported by rail to the terminal, showcasing how alternative transport links can support cargo flow.

De Backker also stressed the importance of upgrading Nigeria's aging port infrastructure, asserting that technology, specialized expertise, and investment are crucial to boosting capacity and efficiency. He clarified that private sector participation should not be seen merely as privatization but as an opportunity to professionalize the infrastructure, modernize, and attract experts.

He further emphasized the importance of collaboration with government agencies, Customs, and clearing agents in achieving significant improvements. As evidence of successful collaboration, he cited the deployment of cargo scanners, which have enabled containers to be scanned instead of relying solely on physical examinations, thereby improving efficiency and security.