APM Terminals President Pledges Fresh $600m Investment in Nigeria
President Bola Ahmed Tinubu’s economic and investment drive received a further boost on Thursday, as world-class port operator APM Terminals pledged a $600 million investment in Nigeria’s maritime sector.
Regional President, APM Terminals Africa-Europe, Igor van den Essen, disclosed this when he led other executives, including Head of Investments, APM Terminals, Martijn Van Dongen, and CEO, APM Terminals Nigeria, Frederik Klinke, to meet with President Tinubu on the sidelines of the ongoing Africa CEO Forum in Kigali, Rwanda.
Igor van den 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.
President Tinubu welcomed the investments, emphasising that Nigeria is repositioning itself for greater competitiveness through ongoing economic reforms and infrastructure modernisation.
He said the country is determined to move beyond structural bottlenecks and outdated systems, stressing the need for advanced technology, faster cargo processing, and improved operational efficiency across the nation’s ports.
He emphasised that Nigeria possesses the market scale, talent base, and economic potential to support globally competitive maritime and logistics infrastructure investments and called on other investors to take advantage of Nigeria’s reform outcomes.
Earlier, Igor van den Essen lauded President Tinubu’s reform agenda and policy direction, which had strengthened investor confidence and created renewed momentum for long-term infrastructure investments.
He described Nigeria as a strategic stronghold within its African operations, referencing over 20 years of collaboration and substantial existing investments in the country’s port ecosystem.
He reaffirmed his company’s commitment to expanding investments in Nigeria and disclosed plans to support the development of world-class terminal infrastructure and technology-driven port operations.
He also commended President Tinubu for establishing the National Single Window (NSW), which has streamlined trade procedures, improved Customs coordination, and reduced delays in cargo clearance.
In another meeting with Winme Group executives, President Bola Tinubu called for deeper investment partnerships to unlock Nigeria’s opportunities in logistics, mining, shipping, and integrated infrastructure development.
He stressed the need for integrated investments linking ports, transport systems, processing facilities, and export infrastructure to drive industrial growth and competitiveness.
The delegation expressed confidence in Nigeria’s long-term investment potential, having closely followed President Tinubu’s reforms. Oil Tops $107 as U.S. Plans to Force Hormuz Reopening
