Terminal operator seeks port modernisation, inclusive growth
APM Terminals Nigeria has underscored the importance of efficient ports, modern infrastructure and stronger public-private collaboration in enabling trade, improving productivity and supporting Nigeria’s economic growth. Read More: https://punchng.com/terminal-operator-seeks-port-modernisation-inclusive-growth/
APM Terminals Nigeria emphasized the significance of modernizing ports, enhancing infrastructure, and promoting public-private collaboration at the 32nd Nigerian Economic Summit, held in Abuja on October 26 and 27. The summit, themed 'Growth that Works: Delivering Jobs, Productivity and Shared Prosperity,' gathered leaders from various sectors to discuss Nigeria's economic development.
Vice President Kashim Shettima stressed the need to boost productivity to ensure reforms translate into economic prosperity, mentioning that the government will ease regulatory burdens, strengthen transparency, and expand access to finance.
APM Terminals Nigeria's CEO, Koen De Backker, highlighted the importance of ports in facilitating trade and generating economic value. He pointed out capacity constraints within ports as a challenge, suggesting diversifying cargo evacuation methods beyond road transportation by expanding alternatives like barging and rail. De Backker stressed the necessity of modernizing ageing port infrastructure, emphasizing the role of technology, specialized expertise, and investment to increase capacity and efficiency.
He also stressed the importance of private sector participation in professionalizing and modernizing infrastructure. Collaboration between government agencies, Customs, and clearing agents was identified as crucial in delivering significant improvements.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
