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APM Terminals has pledged a $600 million investment in Nigeria’s maritime sector, boosting President Bola Tinubu’s economic and investment drive, the presidency announced on Thursday.
Igor van den Essen, Regional President of APM Terminals Africa-Europe, disclosed the commitment during a meeting with President Tinubu on the sidelines of the ongoing Africa CEO Forum in Kigali, Rwanda.
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.
The country is determined to move beyond structural bottlenecks and outdated systems, Tinubu said, stressing the need for advanced technology, faster cargo processing, and improved operational efficiency across the nation’s ports.
He said 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.
Van den Essen lauded Tinubu’s reform agenda and policy direction, which he said 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.
Van den Essen also commended Tinubu for establishing the National Single Window (NSW), which he said has streamlined trade procedures, improved Customs coordination, and reduced delays in cargo clearance.
In a separate meeting with Winme Group executives, 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 Tinubu’s reforms.
The meetings took place on the sidelines of the Africa CEO Forum in Kigali.
STATEHOUSE PRESS RELEASE
APM TERMINALS PRESIDENT PLEDGES FRESH $600M INVESTMENT IN NIGERIA, CALLS FOR DEEPER INVESTMENT PARTNERSHIPS
President Bola Ahmed Tinubu's economic and investment drive received a further boost on Thursday, as world-class port operator APM Terminals… pic.twitter.com/0FXOMz5s5X
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