Nigeria could secure about $600 million in new investment into its maritime sector following plans by Dutch logistics company APM Terminals to expand its operations in the country.
The investment plan was disclosed during a meeting between President Bola Tinubu and APM Terminals’ Africa–Europe Regional President, Igor van den Essen, at the Africa CEO Forum in Kigali.
According to the proposal, the funds will be directed toward upgrading Apapa Port, improving logistics infrastructure, and strengthening private-sector participation in Nigeria’s maritime industry.
President Tinubu said the Federal Government is implementing reforms aimed at improving efficiency across the nation’s ports and eliminating long-standing bottlenecks affecting trade and cargo movement.
He noted that the administration is focused on modernising port operations through faster cargo processing systems and the adoption of advanced technologies to enhance competitiveness.
The APM Terminals representative described Nigeria as a key market in the company’s African operations, highlighting over 20 years of involvement in the country’s port sector.
He also expressed support for Nigeria’s National Single Window initiative, which is designed to simplify trade documentation and reduce delays in cargo clearance.
The company further pledged to support the development of world-class terminal infrastructure and technology-driven port services in the country.
