Maersk declines to comment on purported $600m Nigerian investment

The Nigerian government recently claimed that President Bola Tinubu secured an investment of $600 million from Danish shipping and logistics company, A.P Moller-Maersk, to expand existing port infrastructure to accommodate more container shipping services to Nigerian ports.

Officials of Moller-Maersk, however, have declined to comment on the said investment as announced by the Nigerian government, according to a report by England-based shipping publication Lloyd’s Limit. But despite detailing how Tinubu secured the purported investment, Maersk was mum on the alleged investment plan.

The Nigerian government is yet to speak on the comments by Maersk as of the time of filing this report.Before flagging, please keep in mind that Disqus does not moderate communities. Your username will be shown to the moderator, so you should only flag this comment for one of the reasons listed above.

Vice Chancellor, Igbinedion University Okada, Prof Lawrence Ezemonye on Tuesday said the institution will honour President Bola Tinubu, Former President Goodluck Ebele Jonathan, and Gen. Abdulsalami Abubakar for their exceptional contributions to the development of the country.

The Federal Government has told Nigerians to accept the new electricity tariff being proposed or face a total blackout. Minister of Power, Adebayo Adelabu, said this on Monday while he also issued a warning that failure to implement the tariff hike will lead to total blackout in Nigeria in the next three months. READ…

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