Nigeria has successfully secured a $600 million investment in its seaport infrastructure from Danish shipping and logistics giant, A.P. Moller-Maersk, as announced by the Office of the President of the Federal Republic of Nigeria.
Chairman of A.P. Moller-Maersk, Mr. Robert Maersk Uggla, revealed this decision during a meeting with Nigerian President Bola Ahmed Tinubu on the sidelines of the World Economic Forum Special Meeting on Global Collaboration, Growth, and Energy for Development held in Riyadh.
“We believe in Nigeria, and we will invest $600 million in existing facilities and make the ports accommodating for bigger ships,” stated Mr. Uggla.
President Tinubu expressed his government’s commitment to supporting the modernization and automation of Nigerian ports to enhance trade, combat corruption, and improve efficiency. He emphasized the potential of Nigerian ports to handle larger container ships and stressed the necessity of expanding port infrastructure to meet this growing demand while simultaneously reducing the cost of logistics.
This significant investment from A.P. Moller-Maersk underscores the company’s confidence in Nigeria’s maritime sector and its potential for growth and development.
REF: Dredgingtoday
