Stakeholders have canvassed that APM Terminals, Apapa should be allowed to deploy its carbon credits towards lowering charges on demurrage, storage or handling charges as the case may be.
Carbon credits are permits that allow the owner to emit a certain amount of carbon dioxide or other greenhouse gases (GHGs). One credit allows the emission of one ton of carbon dioxide or the equivalent of other greenhouse gases. Carbon credits are also known as carbon allowances.
The ultimate goal of the carbon credit system is to reduce the emission of GHGs into the atmosphere.
This is even as stakeholders have hailed the company for promoting the use of rail for the evacuation of cargo from the port.
The Managing Director of Bueno Logistics Limited, Mr Jetson Nwankwo, commended APM Terminals for promoting the use of rail for the evacuation of cargo from the port.
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“It has been proven that the carbon emission of trains is less than the carbon emission of trucks.
“If you calculate it by using 10 dollars per pound of carbon, you will discover that APM Terminals can have an award of carbon credit that will be used to offset other expenses.
“If APM Terminals get some carbon credits, they can lower the rates they give on demurrage, storage or handling charges as the case may be,” he said at the exporters Forum held in Lagos recently.
Courage Obadagbonyi, Chief Financial Officer of APM Terminals Nigeria, highlighted the importance of non-oil exports in driving foreign exchange, job creation and reducing inflation.
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“APM Terminals Apapa is committed to advancing the Federal Government’s economic diversification efforts by promoting non-oil exports.
“As a result of our efforts in this regard, we have recorded a 25 per cent increase of non-oil exports in throughput, handling 51,000 TEUs in the first half of 2024 compared to 47,000 TEUs in the same period of 2023,” Obadagbonyi said.
He stressed the need for further investments in transport infrastructure, streamlined export procedures, and higher-quality products to increase Nigeria’s non-oil export potential
APM Terminals Apapa’s Head of Operations, Riyaz Melekolangath, said that an extended gate access and dedicated export lanes had been created to cut turnaround times for export containers.
