Nigeria could attract about $600 million in fresh investment into its maritime sector after Dutch shipping and logistics operator APM Terminals signalled plans to expand its operations in the country.
The proposed investment was disclosed during a meeting between President Bola Tinubu and APM Terminals’ Africa-Europe Regional President, Igor van den Essen, on the sidelines of the Africa CEO Forum in Kigali.
According to a statement issued by presidential spokesman Bayo Onanuga, the investment will focus on the modernisation of Apapa Port, upgrades to logistics infrastructure, and broader long-term private-sector participation in Nigeria’s maritime industry.
Tinubu said Nigeria was pursuing reforms to improve competitiveness and remove long-standing bottlenecks across its ports and trade systems.
“We are determined to move beyond outdated systems,” the president said, stressing the need for faster cargo processing, improved efficiency, and wider adoption of advanced port technology.
