APM Terminals Apapa increased Nigeria’s manufactured export by up to 15 per cent corresponding to a value of about $500 million (N152.5 billion) from 2006 to 2009, according to the report of an impact assessment study conducted by Denmark-based consulting firm, Quantifying Business Impacts on Society (QBIS).
The study titled ‘Nigerian Trade Stimulator – How APM Terminals in Nigeria have impacted trade, creating jobs and ensuring a sustainable business environment’ was conducted by Mette Dalgliesh Olsen and Thomas Westergaard-Kabelmann.
The study further stated that the $500 million increase in manufactured exports has been associated with the creation of about 255,000 jobs and a contribution of $1.6 billion to the country’s gross domestic product (GDP). The report indicates increasing Foreign Direct Investment impact in the country and increased non-oil exports, in line with the ambition of the Federal Government.
“This impact originates from a 50 per cent improvement in Nigeria’s liner shipping connectivity in the period from 2006 to 2009 that the study finds primarily is attributable to the Apapa terminal.
“Thus, Apapa’s higher terminal capacity and efficiency made it more attractive for shipping lines to call Apapa and immediately increased the number of liner shipping services calling Apapa from eight to 22, while economies of scale among others were boosted by bigger container vessels.
“In the years following APM Terminals’ takeover of Apapa, the number of export countries rose from 82 to 144, while manufactured export value soared from $0.7 billion in 2006 to $4.7 billion in 2009,” the report stated.”
The study also disclosed that APM Terminals has made significant contributions to the development of local communities in Nigeria.
“The health, prosperity and well-being of local communities is often considered of critical importance to terminal operators. Not only do terminal operators depend on local communities for access to resources (labour, land, infrastructure), local communities are often also key to terminal operators’ ‘license to operate’.
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