Business
APM Terminals, Apapa Acquires Seven New Forklifts
APM Terminals, Apapa, has acquired seven new forklifts to facilitate customs examination and improve on movement of heavy materials at the terminal.
The Chief Operating Officer (COO) of Nigeria’s leading container terminal operator, Apapa, Mr Steen Knudsen, disclosed this in a statement issued on Monday in Lagos.
Knudsen said that the new equipment, including six 5tonns and one 16tonns forklifts, would enhance efficient performance of tasks at the customs examination bay and other units without having to share forklifts with other teams.
It would be recalls that the terminal operator had, in 2020, announced an investment of $80 million for 2020-2021 fiscal year.
The amount brought the total investment by the company since 2006 to $438 million (N168 billion), widely seen as the highest investment by any terminal operator in Nigeria.
Knudsen said that as part of the company’s fleet renewal and expansion programme, it had acquired additional cargo handling equipment, including seven reach stackers, two empty handlers, two mobile harbour cranes MHCs) and four rubber tyred gantry cranes (RTGs).
With the new acquisitions, he said that the company now had 27 RTGs, 13 MHCs), several reach stackers, forklifts, empty handlers and specialised terminal trucks in operation, thus making it the best-equipped port terminal in Nigeria.
The COO added that the terminal had also rolled out a talent development programme which included functional training for all employees.
“Our engineering maintenance team are undergoing industrial automation and control training for better optimisation of the latest RTG fleet and other equipment.
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Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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