Global port operator, APM Terminals, has pledged a fresh $600 million investment in Nigeria’s maritime sector as President Bola Tinubu intensifies efforts to attract foreign capital and modernise critical infrastructure.
The company’s Regional President for Africa-Europe, Igor van den Essen, disclosed the investment plan during a meeting with President Tinubu on the sidelines of the Africa CEO Forum in Kigali, Rwanda.
According to a statement issued by presidential spokesperson, Bayo Onanuga, the proposed investment will focus on the modernisation of Apapa Port, logistics infrastructure and long-term private sector expansion within Nigeria’s maritime industry.
Van den Essen, who led other executives of the company to the meeting, including Head of Investments, Martijn Van Dongen, and Chief Executive Officer of APM Terminals Nigeria, Frederik Klinke, said the investment reflected growing investor confidence in Nigeria’s economic reforms.
He commended the Tinubu administration’s policy direction, noting that recent reforms had strengthened the business environment and created renewed momentum for infrastructure investments.
The APM Terminals executive also praised the Federal Government’s establishment of the National Single Window initiative, which he said had improved customs coordination, streamlined trade procedures and reduced cargo clearance delays.
Responding, President Tinubu welcomed the investment, saying his administration remained committed to repositioning Nigeria as a globally competitive investment destination through sustained economic reforms and infrastructure upgrades.
The President stressed the need for advanced technology, faster cargo processing and improved efficiency across the nation’s ports, adding that Nigeria possesses the market potential and skilled workforce required to support world-class maritime infrastructure.
Tinubu also urged other global investors to take advantage of the opportunities emerging from Nigeria’s reform programme.
In a separate meeting with executives of Winme Group, the President called for deeper investment partnerships in logistics, mining, shipping and integrated infrastructure development to boost industrial growth and national competitiveness.
The statement said delegation expressed confidence in Nigeria’s long-term economic prospects and reaffirmed interest in expanding investments in the country.
