{"id":23752,"date":"2018-05-21T10:24:48","date_gmt":"2018-05-21T09:24:48","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=23752"},"modified":"2018-05-21T10:24:48","modified_gmt":"2018-05-21T09:24:48","slug":"apm-terminals-contributes-n186b-annually-to-nigerias-economy","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/apm-terminals-contributes-n186b-annually-to-nigerias-economy\/","title":{"rendered":"\u2018APM Terminals Contributes N186b Annually To Nigeria\u2019s Economy\u2019"},"content":{"rendered":"

An impact assessment study conducted by a Denmark-based consulting firm, Quantifying Business Impacts on Society (QBIS) has revealed that the operation of leading global port operating company, APM Terminals in Nigeria created a total turnover of around USD610 million (N186.05 billion) per year to the Nigerian economy from 2013 to 2016.<\/p>\n

The study titled\u00a0\u201cNigerian Trade Stimulator \u2013 How APM Terminals in Nigeria have impacted trade, creating jobs and ensuring a sustainable business environment\u201dwas conducted by Mette Dalgliesh Olsen and Thomas Westergaard-Kabelmann.<\/p>\n

The study\u2019s main objective, according to Olisen and Westergaard-Kabelmann, was to assess the socio-economic impacts and value-addition of APM Terminals\u2019 operations in Africa\u2019s most populous nation and largest economy. The study focused on APM Terminals\u2019 investments in Nigeria from 2010 to 2016.<\/p>\n

According to the authors, \u201cThe study finds that the direct turnover created by APM Terminals from 2013 to 2016 has created around USD44 million (N13.42 billion) of annual turnover in companies supplying goods and services to APM Terminals and around USD352 million (N107.36 billion) of annual turnover in companies supplying consumption goods to the employees of APM Terminals and its suppliers.<\/p>\n

\u201cThis means that APM Terminals\u2019 business activities have created a total turnover of around USD610 million ((N186.05 billion) per year to the Nigerian economy in the period from 2013 to 2016.\u201d<\/p>\n

The study also stated that APM Terminals has supported about 35,000 direct, indirect and induced jobs per year in Nigeria from 2013 to 2016.<\/p>\n

\u201cIn the period 2013 to 2016, APM Terminals employed an average of 1,196 FTEs (full time employees) per year. In the same period, APM Terminals further supported another nearly 4,800 jobs per year in the companies supplying goods and services to APM Terminals and another around 29,000 jobs per year when the people hired by APM Terminals or its suppliers spend their salaries on private consumption,\u201d the report further stated.<\/p>

\r\n
Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

The study also stated that the operation of APM Terminals has impacted positively on trade in Nigeria, leading to an increase of the country\u2019s manufactured export by up to a 15% corresponding to around USD0.5 billion (N152.5 billion) in the period from 2006 to 2009.<\/p>\n

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.<\/p>\n

\u201cWith these increases in production come increases in number of jobs and salaries which in turn increases households\u2019 income and leads to increased private consumption.<\/p>\n

\u201cThis increased private consumption leads to a further increase in demand from the sectors delivering goods and services for private consumption, which in turn again increase employment and salaries and so forth, also referred to as induced effects,\u201d the study stated.<\/p>\n

The QBIS report said following the Nigerian port reforms, APM Terminals initially invested USD220 million in a comprehensive terminal upgrade in Apapa but has since 2011 pumped additional USD135 million to increase the capacity of the terminal.<\/p>\n","protected":false},"excerpt":{"rendered":"

An impact assessment study conducted by a Denmark-based consulting firm, Quantifying Business Impacts on Society (QBIS) has revealed that the operation of leading global port operating company, APM Terminals in Nigeria created a total turnover of around USD610 million (N186.05 billion) per year to the Nigerian economy from 2013 to 2016. The study titled\u00a0\u201cNigerian Trade …<\/p>\n","protected":false},"author":6,"featured_media":23753,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[4059],"coauthors":[2391],"class_list":["post-23752","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-apm-terminals"],"yoast_head":"\n\u2018APM Terminals Contributes N186b Annually To Nigeria\u2019s Economy\u2019 - National Wire<\/title>\n<meta name=\"description\" content=\"An impact assessment study conducted by a Denmark-based consulting firm, Quantifying Business Impacts on Society (QBIS) has revealed that the operation of leading global port operating company, APM Terminals in Nigeria created a total turnover of around USD610 million (N186.05 billion) per year to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/apm-terminals-contributes-n186b-annually-to-nigerias-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018APM Terminals Contributes N186b Annually To Nigeria\u2019s Economy\u2019 - National Wire\" \/>\n<meta property=\"og:description\" content=\"An impact assessment study conducted by a Denmark-based consulting firm, Quantifying Business Impacts on Society (QBIS) has revealed that the operation of leading global port operating company, APM Terminals in Nigeria created a total turnover of around USD610 million (N186.05 billion) per year to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/apm-terminals-contributes-n186b-annually-to-nigerias-economy\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-21T09:24:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/05\/APM-Terminal.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/apm-terminals-contributes-n186b-annually-to-nigerias-economy\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/05\/APM-Terminal.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/05\/APM-Terminal.jpg\",\"width\":768,\"height\":576,\"caption\":\"APM-Terminal\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/apm-terminals-contributes-n186b-annually-to-nigerias-economy\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/apm-terminals-contributes-n186b-annually-to-nigerias-economy\/\",\"name\":\"\u2018APM Terminals Contributes N186b Annually To Nigeria\u2019s Economy\u2019 - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/apm-terminals-contributes-n186b-annually-to-nigerias-economy\/#primaryimage\"},\"datePublished\":\"2018-05-21T09:24:48+00:00\",\"dateModified\":\"2018-05-21T09:24:48+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\"},\"description\":\"An impact assessment study conducted by a Denmark-based consulting firm, Quantifying Business Impacts on Society (QBIS) has revealed that the operation of leading global port operating company, APM Terminals in Nigeria created a total turnover of around USD610 million (N186.05 billion) per year to\",\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/apm-terminals-contributes-n186b-annually-to-nigerias-economy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/apm-terminals-contributes-n186b-annually-to-nigerias-economy\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/apm-terminals-contributes-n186b-annually-to-nigerias-economy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"\u2018APM Terminals Contributes N186b Annually To Nigeria\u2019s Economy\u2019\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\",\"name\":\"Friday Ekeoba\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u2018APM Terminals Contributes N186b Annually To Nigeria\u2019s Economy\u2019 - National Wire","description":"An impact assessment study conducted by a Denmark-based consulting firm, Quantifying Business Impacts on Society (QBIS) has revealed that the operation of leading global port operating company, APM Terminals in Nigeria created a total turnover of around USD610 million (N186.05 billion) per year to","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/apm-terminals-contributes-n186b-annually-to-nigerias-economy\/","og_locale":"en_US","og_type":"article","og_title":"\u2018APM Terminals Contributes N186b Annually To Nigeria\u2019s Economy\u2019 - National Wire","og_description":"An impact assessment study conducted by a Denmark-based consulting firm, Quantifying Business Impacts on Society (QBIS) has revealed that the operation of leading global port operating company, APM Terminals in Nigeria created a total turnover of around USD610 million (N186.05 billion) per year to","og_url":"https:\/\/nationalwire.com.ng\/sub\/apm-terminals-contributes-n186b-annually-to-nigerias-economy\/","og_site_name":"National Wire","article_published_time":"2018-05-21T09:24:48+00:00","og_image":[{"width":768,"height":576,"url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/05\/APM-Terminal.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Friday Ekeoba","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/nationalwire.com.ng\/sub\/#website","url":"https:\/\/nationalwire.com.ng\/sub\/","name":"National Wire","description":"About Nigerians, Nigerian Business and Other Stories","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalwire.com.ng\/sub\/apm-terminals-contributes-n186b-annually-to-nigerias-economy\/#primaryimage","url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/05\/APM-Terminal.jpg","contentUrl":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/05\/APM-Terminal.jpg","width":768,"height":576,"caption":"APM-Terminal"},{"@type":"WebPage","@id":"https:\/\/nationalwire.com.ng\/sub\/apm-terminals-contributes-n186b-annually-to-nigerias-economy\/#webpage","url":"https:\/\/nationalwire.com.ng\/sub\/apm-terminals-contributes-n186b-annually-to-nigerias-economy\/","name":"\u2018APM Terminals Contributes N186b Annually To Nigeria\u2019s Economy\u2019 - National Wire","isPartOf":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalwire.com.ng\/sub\/apm-terminals-contributes-n186b-annually-to-nigerias-economy\/#primaryimage"},"datePublished":"2018-05-21T09:24:48+00:00","dateModified":"2018-05-21T09:24:48+00:00","author":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927"},"description":"An impact assessment study conducted by a Denmark-based consulting firm, Quantifying Business Impacts on Society (QBIS) has revealed that the operation of leading global port operating company, APM Terminals in Nigeria created a total turnover of around USD610 million (N186.05 billion) per year to","breadcrumb":{"@id":"https:\/\/nationalwire.com.ng\/sub\/apm-terminals-contributes-n186b-annually-to-nigerias-economy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalwire.com.ng\/sub\/apm-terminals-contributes-n186b-annually-to-nigerias-economy\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalwire.com.ng\/sub\/apm-terminals-contributes-n186b-annually-to-nigerias-economy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalwire.com.ng\/sub\/"},{"@type":"ListItem","position":2,"name":"\u2018APM Terminals Contributes N186b Annually To Nigeria\u2019s Economy\u2019"}]},{"@type":"Person","@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927","name":"Friday Ekeoba","url":"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/23752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/comments?post=23752"}],"version-history":[{"count":1,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/23752\/revisions"}],"predecessor-version":[{"id":23754,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/23752\/revisions\/23754"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media\/23753"}],"wp:attachment":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media?parent=23752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/categories?post=23752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/tags?post=23752"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/coauthors?post=23752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}