LAGOS
A world-class port operator has pledged to invest $600 million in Nigeria’s maritime sector, marking another boost for President Bola Tinubu’s drive to attract foreign investment and modernize infrastructure in Africa’s most populous country.
The commitment was announced on Thursday during the Africa CEO Forum in Kigali, Rwanda, where executives of APM Terminals met Tinubu on the sidelines of the event, according to a media release from the Nigerian presidency.
The company said the investment would support the modernization of Apapa Port, expand logistics infrastructure, and strengthen long-term private-sector participation in Nigeria’s maritime sector.
Tinubu welcomed the planned investment, saying Nigeria was repositioning itself for greater competitiveness through economic reforms and infrastructure upgrades.
He said the government was focused on removing structural bottlenecks and improving efficiency at the nation’s ports through advanced technology and faster cargo processing.
Tinubu also called on investors to take advantage of opportunities created by the government’s reform agenda.
APM Terminals regional president for Africa-Europe, Igor van den Essen, said the company’s confidence in Nigeria had grown under Tinubu’s reforms, which he said had improved the investment climate and renewed momentum for infrastructure projects.
He also praised the establishment of the National Single Window, saying it had improved customs coordination and reduced delays in cargo clearance.
