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Tinubu secures $600m investment for seaport infrastructure devt

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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.

ABUJA —

The President added that it would further support the country’s port modernization efforts and port process automation through his administration’s implementation of the national single window project, which is aimed at enhancing trade facilitation, easing import/export flow, reducing corruption at the ports, while improving the efficiency and transparency of port processes in Nigeria.

The President 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 Ogun State container terminal as a testament to fruitful partnerships with the reputable logistics company.

 

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