WACT To Invest $100m In Nigeria, Celebrates 20th Anniversary
By Our Correspondent
The West Africa Container Terminal (WACT), one of the leading container terminals in the country, has restated its commitment to deepening investment in Nigeria, particularly in increasing container handling capacities at the Onne Port.
WACT Managing Director, Aamir Mirza, who stated this during the company’s 20th anniversary celebration at Onne, Rivers State, said the need for further investment in cargo handling equipment is in response to the significant volume growth witnessed in the Eastern Nigerian market since the company started operations 20 years ago.
He said:“We are celebrating our achievements of the past 20 years. In year 2000, when we started, we did about 35,000 container moves. But last year, we did over 200,000 moves, so cargo volume has grown over the years. And recognising this growth, we are investing in this business.
“We are at that point where we will experience new changes. With more equipment coming in, the mode of operation will change, and we believe we are setting that up for the next 20 to 25 years so that we can serve our customers better in terms of service delivery, customer satisfaction and improved capacity. Right now, we are going to invest $100 million and will continue to invest over the years.
“For example, in 2019, we did about $14 million and in previous years, we have been doing that regularly”, Mirza said.
