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    Nigeria’s 2025 tax reform, most audacious overhaul of country’s fiscal framework-Dogara

    Nigeria’s 2025 tax reform, most audacious overhaul of country’s fiscal framework-Dogara

    Renewable energy: FG allocates N300bn to power hospitals, varsities – Bichi

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    Nigeria’s 2025 tax reform, most audacious overhaul of country’s fiscal framework-Dogara

    Nigeria’s 2025 tax reform, most audacious overhaul of country’s fiscal framework-Dogara

    Renewable energy: FG allocates N300bn to power hospitals, varsities – Bichi

    Renewable energy: FG allocates N300bn to power hospitals, varsities – Bichi

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    NDLEA destroys 18,000kg of cannabis in Edo, nabs 4 suspects

    N138m fraud rocks ASUU in Unical

    N138m fraud rocks ASUU in Unical

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    AFN breaks silence on Tobi Amusan’s ‘Nylon Bag Kits’

    AFN breaks silence on Tobi Amusan’s ‘Nylon Bag Kits’

    Tokyo 2025: Nigeria off to flying start in as Ajayi, Okon make 100m semifinals

    Tokyo 2025: Nigeria off to flying start in as Ajayi, Okon make 100m semifinals

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    U20 World Cup:Flying Eagles to test World Cup readiness with Chile friendly

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    GB back in Davis Cup, set eyes on the 2026 title

    Iheanacho expresses excitement with Celtic move, reuniting with Schmeichel, Rodgers

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    Ademola Lookman: Premier League top side ready ₦40 billion January bid

    Ademola Lookman: Premier League top side ready ₦40 billion January bid

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    FG unveils genomic strategy, prepares for AMR 2026

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Tinubu secures Maersk’s $600mn investment for Nigeria’s ports infrastructure

Ademola Damilola by Ademola Damilola
April 29, 2024
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President Bola Tinubu has successfully secured an additional $600 million in foreign investment for the enhancement of Nigeria’s port infrastructure to accommodate increased container shipping services. This new investment, provided by the Danish shipping and logistics giant, A.P. Moller-Maersk, will complement the existing $1 billion allocated by the administration for the reconstruction of seaports across the country’s eastern and western regions.

The announcement of this significant investment was made by the Chairman of A.P. Moller-Maersk, Mr. Robert Maersk Uggla, during a meeting with President Tinubu on the sidelines of the World Economic Forum Special Meeting on Global Collaboration, Growth, and Energy for Development in Riyadh, Saudi Arabia.

President Tinubu highlighted the importance of this investment in supporting Nigeria’s efforts towards port modernization and process automation, particularly through the implementation of the national single window project. This initiative aims to facilitate trade, streamline import/export procedures, curb corruption, and enhance the efficiency and transparency of port operations in Nigeria.

In expressing gratitude to A.P. Moller-Maersk for their continued partnership and contributions to Nigeria’s economy, President Tinubu emphasized that investing in Nigeria offers significant rewards and opportunities for growth. He reiterated his government’s commitment to fostering a conducive environment for businesses to thrive and assured Maersk of ongoing collaboration.

President Tinubu also cited Maersk’s previous involvement in the development of the Ogun State container terminal as evidence of successful partnerships with the renowned logistics company. This collaboration underscores the potential for mutually beneficial ventures between Nigeria and global industry leaders like A.P. Moller-Maersk.

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