APM Terminals Pledges $600m Investment in Nigeria’s Maritime Sector
President Bola Ahmed Tinubu has secured a major investment commitment for Nigeria’s maritime sector as global port operator APM Terminals pledged to invest $600 million in port and logistics infrastructure across the country.
The commitment was announced on Thursday during a meeting between President Tinubu and executives of APM Terminals on the sidelines of the Africa CEO Forum in Kigali.
The APM Terminals delegation was led by Regional President, Africa-Europe, Igor van den Essen, alongside the company’s Head of Investments, Martijn Van Dongen, and CEO of APM Terminals Nigeria, Frederik Klinke.
According to the company, the proposed investment will focus on the modernisation of the Apapa Port, expansion of logistics infrastructure, and long-term private-sector participation in Nigeria’s maritime industry.
President Tinubu welcomed the investment pledge, stating that Nigeria is repositioning itself for greater competitiveness through economic reforms and infrastructure modernisation.
He noted that the Federal Government remains committed to eliminating structural bottlenecks and outdated systems in the maritime sector through the deployment of advanced technology, faster cargo processing systems, and improved operational efficiency at the nation’s ports.
The President further stated that Nigeria possesses the market size, human capital, and economic potential to support globally competitive maritime and logistics investments, urging more international investors to take advantage of the country’s ongoing reforms.
Earlier, van den Essen commended President Tinubu’s economic policies and reform agenda, describing them as key factors restoring investor confidence and encouraging long-term infrastructure investments.
He described Nigeria as a strategic hub within APM Terminals’ African operations, citing more than two decades of business collaboration and significant existing investments in the country’s port sector.
The company also praised the establishment of the National Single Window initiative, noting that the platform has improved customs coordination, streamlined trade procedures, and reduced cargo clearance delays.
In a separate meeting with executives of Winme Group, President Tinubu called for increased investment partnerships in logistics, mining, shipping, and integrated infrastructure development.
The President stressed the importance of connecting ports, transport systems, processing facilities, and export infrastructure to boost industrialisation and national competitiveness.
The Winme Group delegation expressed confidence in Nigeria’s long-term investment prospects, citing the impact of the administration’s economic reforms.
APM Terminals Pledges $600m Investment in Nigeria’s Maritime Sector