Bola Ahmed Tinubu received another investment boost as leading port operator APM Terminals announced plans to invest $600 million in Nigeria’s maritime sector.
Regional President for Africa-Europe at APM Terminals, Igor van den Essen, revealed the investment during a meeting with President Tinubu on the sidelines of the ongoing Africa CEO Forum in Kigali. He attended alongside the head of investments, Martijn Van Dongen, and the CEO of APM Terminals Nigeria, Frederik Klinke.
Igor van den Essen said the company plans to channel the investment into modernising Apapa Port, improving logistics infrastructure, and supporting long-term private sector growth in Nigeria’s maritime industry.
President Tinubu welcomed the planned investment and said Nigeria is working to improve its competitiveness through economic reforms and infrastructure upgrades.
He said the country is addressing long-standing challenges and outdated systems by focusing on modern technology, faster cargo handling, and more efficient port operations.
The president added that Nigeria has the market size, skilled workforce, and economic potential needed to support world-class maritime and logistics investments. He also encouraged more investors to take advantage of the country’s ongoing reforms.
Earlier, Igor van den Essen praised President Tinubu’s reform policies, saying they have increased investor confidence and encouraged long-term infrastructure investment.
He described Nigeria as a key part of the company’s operations in Africa, noting that APM Terminals has worked in the country for more than 20 years and already made significant investments in its port sector.
He also reaffirmed the company’s commitment to expanding its presence in Nigeria through the development of modern terminal infrastructure and technology-driven port operations.
Van den Essen further praised President Tinubu for introducing the National Single Window system, saying it has improved trade processes, strengthened customs coordination, and reduced cargo clearance delays.
During a separate meeting with executives from Winme Group, President Tinubu called for stronger investment partnerships to help expand opportunities in logistics, mining, shipping, and integrated infrastructure development across Nigeria.
He stressed the importance of linking ports, transport networks, processing facilities, and export infrastructure to support industrial growth and improve competitiveness.
The Winme Group delegation expressed confidence in Nigeria’s long-term investment prospects, saying President Tinubu’s reforms have strengthened the country’s appeal to investors.
source:statehouse.gov.ng
African Maritime Council