Bola Ahmed Tinubu has secured a fresh $600 million investment commitment for Nigeria’s maritime sector from global port operator APM Terminals as the Federal Government intensifies efforts to attract foreign investment into key infrastructure sectors.
The investment pledge was made on Thursday during a meeting between President Tinubu and executives of APM Terminals on the sidelines of the ongoing Africa CEO Forum in Kigali, Rwanda.
The delegation was led by Igor van den Essen alongside Head of Investments, Martijn Van Dongen, and CEO of APM Terminals Nigeria, Frederik Klinke.
According to a statement issued by Bayo Onanuga, the proposed investment will focus on the modernisation of Apapa Port, expansion of logistics infrastructure, and long-term private sector participation in Nigeria’s maritime industry.
Igor van den Essen said the company remained confident in Nigeria’s economic direction and reform agenda under President Tinubu.
He described Nigeria as a major strategic hub in APM Terminals’ African operations, noting that the company had maintained over two decades of collaboration and investments within the country’s port ecosystem.
He also commended the administration for introducing the National Single Window initiative, which he said had improved customs coordination, streamlined trade procedures, and reduced delays in cargo clearance.
President Tinubu welcomed the investment, stressing that his administration was committed to transforming Nigeria into a globally competitive investment destination through economic reforms and infrastructure development.
“We are determined to move beyond structural bottlenecks and outdated systems,” the President stated, while emphasising the need for advanced technology, faster cargo processing, and improved efficiency across Nigerian ports.
Tinubu said Nigeria possesses the economic potential, market size, and human capacity needed to sustain world-class maritime and logistics investments, urging more investors to take advantage of the country’s improving business environment.
In a separate meeting with executives of Winme Group, the President called for deeper investment partnerships in logistics, mining, shipping, and integrated infrastructure development.
He stressed the importance of linking ports, transportation systems, processing facilities, and export infrastructure to accelerate industrial growth and economic competitiveness.
The Winme Group delegation expressed confidence in Nigeria’s long-term investment prospects, citing the impact of Tinubu’s ongoing economic reforms.
