0
THE WASIMI RAIL HUB TO OGUN STATE AND ENVIRONS

THE EFFICACY OF THE WASIMI RAIL HUB TO OGUN STATE AND ENVIRONS

By: Ronaldson Diete-Spiff, Esq.

The 12th August, 2021 did witness the birth of the Wasimi Rail Hub at Ewekoro Local Government Area of Ogun State, haven been the first of its kind in Nigeria. This initiative came shortly after the revival of the rail services by the Federal Government of Nigeria and it is to be used for import and export by shippers. In a statement made by Mr. Christian Holm, Managing Director of Hull Blyth of the Nigerian Shipping and Cargo Logistics Services Provider where he asserted that this initiative will cut down on the cost and time of movement of containers to and from the port by road.

The Wasimi Rail Hub is a forerunner to the Dry Port which is still undergoing construction and has a capacity of 7,000 TEUs upon completion and will be linked to the Apapa port. This drive will be beneficial to importers and exporters as they would be able to save 50% cost. Having begun operation already, the APM Terminals at Apapa Port was a bee hive of activity as the first train had made its delivery only few hours from Wasimi. This project tends to be of benefit to the host community as well as the Nigerian economy as it would also allow importers and their agents save cost and time on monies spent in transporting their containers to and from the port and on demurrage, as there won’t be charges made as a result of the agreement between the shipping lines.

This is a laudable initiative and poised towards achieving an effective transportation system by reducing accrued cost and time, thereby decongesting Apapa port and serving as an instrument of economic development of the state and nation at large

Disclaimer: This news update is intended only to provide general information and does not by itself constitute or serve as legal advice. For further information, we are available to provide detailed legal advice. For more information contact us on info@asalawpractice.org or call 0908 482 0000, 0806 749 8777

Leave a Reply