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Tinubu secures $600m seaport infrastructure investment with shipping giant Maersk

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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. Chairman of A.P. Moller-Maersk, Mr.

Robert Maersk Uggla, disclosed the decision during a meeting with President Tinubu on the sidelines of the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development in Riyadh, Saudi Arabia, on Sunday. President Tinubu noted that this investment will complement the administration's ongoing $1 billion investment in seaport reconstruction across the eastern and western seaports of Nigeria.

The President further assured Maersk of his administration’s commitment to collaborating and creating an enabling environment for businesses to thrive in the country. He cited Maersk's previous partnership in the development of the Ogun State container terminal as a testament to fruitful partnerships with the reputable logistics company. Highlighting Maersk’s longstanding engagement in Africa's most populous nation and his belief in the future of Nigeria, A.P.

 

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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.
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