Presidency releases video to back claim on Maersk's $600m investment

on Wednesday, released a video to back its claim on securing a $600 million investment commitment from A.P Moller-Maersk, a Danish shipping company., Keith Svendsen, chairman of APM Terminals, had told Doris Uzoka-Anite, the minister of industry, trade and investment, that the company and other partners would invest half a billion dollars in the ports in Apapa.

APM Terminals is a subsidiary of Maersk that manages container terminals and provides integrated cargo and inland services.Teamed up with the Director General of the Oil and Gas Free Trade Zone to welcome key investors in the OG sector, expanding their investments in Nigeria“We just finished the upgrading of Onne facility to meet world-class capabilities. So we invested over $100 million there,” Svendsen had said at the meeting.

“Our proposal is to upgrade the Apapa port facility with our partners there and invest half a billion in upgrading the facilities.” In a statement on April 28, Ajuri Ngelale, special adviser to the president on media and publicity, said Nigeria secured aNgelale had said Robert Uggla, chairman of A.P Moller-Maersk, made the investment commitment during a meeting with President Bola Tinubu on the sidelines of the World Economic Forum in Saudi Arabia.on April 29, officials of the logistics firm said no $600 million investment deal was signed with the Nigerian government.

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