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President Bola Tinubu will officially inaugurate the upgraded West Africa container terminal (WACT) in Rivers State on September 4.
The terminal, located within the oil and gas free zone in Onne, has undergone a significant $115 million (approximately N178.2 billion) upgrade, which began in 2021.
The WACT is operated by APM Terminals and regarded as Nigeria's largest and most efficient container terminal outside Lagos.
The completion of the upgrade marks a significant milestone in the history of Nigerian ports, and the fresh investment is a testament to the trust and confidence that the APM Terminals has in the Nigerian economy, contributing to their purpose of improving lives while boosting global trade.
The WACT is Nigeria's first greenfield container terminal to develop under a public-private partnership (PPP) model and has evolved into the premier gateway for accessing markets beyond the Lagos region and a vital conduit to the eastern Nigeria's burgeoning economy.
