Nigeria secures $600m investment from Maersk to expand seaport infrastructure

.

He said the investment would complement his administration’s ongoing $1 billion investment in seaport reconstruction across the eastern and western seaports of Nigeria.Tinubu said the funds would further support Nigeria’s port modernisation efforts and port process automation through his administration’s implementation of the national single window project.

“We need to encourage more opportunities for revenue expansion and minimise trans-shipments from larger ships to smaller ships.” Uggla, who acknowledged the potential for Nigerian ports to accommodate larger container ships, stressed the need for expanding port infrastructure to meet demand, while reducing the cost of logistics.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tinubu Secures $600m Investment From A.P Moller-Maersk — PresidencyPresident Bola Tinubu has secured a $600m investment from Danish shipping and logistics firm A.P Moller-Maersk, the presidency said on Sunday.
Source: channelstv - 🏆 7. / 63 Read more »

Tinubu secures $600m seaport infrastructure investment with shipping giant MaerskPresident Bola Tinubu has 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 in Nigerian ports. Chairman of A.P. Moller-Maersk, Mr.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Tinubu secures Maersk’s $600mn investment for Nigeria’s ports infrastructureThe Nation Newspaper Tinubu secures Maersk's $600mn investment for Nigeria's ports infrastructure
Source: TheNationNews - 🏆 6. / 69 Read more »

Tinubu secures $600m investment for seaport infrastructure developmentABUJA --- PRESIDENT Bola Tinubu has 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 in Nigerian ports.
Source: vanguardngrnews - 🏆 5. / 75 Read more »