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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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.
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$600m investment: FG, Maersk didn't seal any deal, says OnanugaBayo Onanuga, special adviser on information and strategy to President Bola Tinubu, says no agreement or deal was signed between the Nigerian government and the shipping giant, Maersk.
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Report: Maersk says no $600m investment deal signed with NigeriaOfficials of A.P Moller-Maersk say there is no $600 million investment deal with the Nigerian government, Lloyd’s List is reporting.
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Maersk declines to comment on purported $600m Nigerian investmentOfficials 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.
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Nigeria secures $600m investment from Maersk to expand seaport infrastructureNigeria has secured a $600 million investment from A.P Moller-Maersk, a Danish shipping and logistics company, for seaport infrastructure
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