Precious Anga
Lagos — Bola Tinubu has secured a fresh $600 million investment commitment for the modernisation of Apapa Port as Nigeria intensifies efforts to attract foreign investors into key infrastructure sectors.
The investment pledge came from APM Terminals during a meeting with the President on the sidelines of the Africa CEO Forum in Kigali, Rwanda.
Regional President of APM Terminals Africa-Europe, Igor van den Essen, said the funds would support port modernisation, logistics infrastructure and long-term private sector participation in Nigeria’s maritime industry.
He described Nigeria as a strategic market for the company and praised Tinubu’s economic reforms for boosting investor confidence and creating momentum for infrastructure investments.
Tinubu welcomed the investment, saying his administration remains committed to removing structural bottlenecks and improving operational efficiency at Nigerian ports through advanced technology and faster cargo processing systems.
The President also urged more investors to take advantage of opportunities in Nigeria’s maritime, logistics, mining and transport sectors, stressing the country’s large market, skilled workforce and economic potential.
APM Terminals further commended Nigeria’s National Single Window initiative, noting that it has improved customs coordination and reduced delays in cargo clearance.
The investment is expected to strengthen operations at Apapa Port and support broader efforts to modernise Nigeria’s transport and export infrastructure.
