APM Terminals says it plans to invest $600 million in Nigeria following discussions with President Bola Tinubu. According to reports, the investment is intended for projects linked to Nigeria’s maritime and logistics system, including modernisation work at the Apapa port. The company also points to plans for logistics infrastructure development, as well as longer-term private-sector investment in Nigeria’s broader maritime sector. The outlets agree that the announcement comes after the meeting with the president and that the figure is a fresh $600m investment. The reporting does not provide a detailed breakdown of individual projects, timelines, or funding arrangements beyond the broad areas of planned deployment. The company’s stated focus centres on improving port operations and expanding logistics capacity, with the Apapa port modernisation described as a key component. Both sources present the announcement as part of APM Terminals’ efforts to deepen engagement in Nigeria’s port and maritime economy.
APM Terminals announces $600m investment in Nigeria’s port and logistics sector
APM Terminals says it plans to invest $600 million in Nigeria following discussions with President Bola Tinubu. According to reports, the investment is intended for projects linked to Nigeria’s mariti...
- APM Terminals announces a planned $600 million investment in Nigeria.
- The announcement follows talks or a meeting with President Bola Tinubu.
- Planned areas include modernisation of Apapa port.
- The investment also targets logistics infrastructure development.
- Reports describe the effort as part of broader long-term private-sector investment in Nigeria’s maritime sector.
Mr Essen said the proposed investments will be deployed in Apapa port modernisation, logistics infrastructure, and long-term private-sector investment in Nigeria’s maritime sector. The post APM Terminals President pledges fresh $600mn investment in Nigeria appeared first on Premium Times Nigeria.
3 months agoGlobal port operator APM Terminals announces a new $600m investment in Nigeria’s port infrastructure following a meeting with President Bola Tinubu. Read More: https://punchng.com/apm-terminals-to-invest-600m-in-nigeria-after-talks-with-tinubu/
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