Business News

A.P Moller-Maersk pledges $600 million investment in Nigeria’s seaport infrastructure 

A Danish shipping and logistics company, A.P Moller-Maersk, has pledged a $600 million investment to expand existing port infrastructure to accommodate more container shipping services in Nigerian ports. 

President Bola Tinubu secured the deal on the sidelines of the World Economic Forum (WEF) Special Meeting on Global Collaboration, Growth and Energy for Development in Riyadh, Saudi Arabia, on Sunday.  

This disclosure was contained in a statement issued by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, on Sunday. 

Ngelale said in the statement,  

The president promised Maersk of his administration’s commitment to collaborating and creating an enabling environment for businesses to thrive in Nigeria. 

Ngelale said Tinubu 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.  

On his part, Chairman of A.P Moller-Maersk, Mr. Robert Maersk Uggla, said his company has made significant investments of over $2 billion in Nigerian ports and other activities.  

What he said,