President Bola Ahmed Tinubu has secured a fresh $600 million investment commitment from global port operator APM Terminals, in a move aimed at strengthening Nigeria’s maritime and logistics infrastructure.
The pledge was made on Thursday during a meeting between President Tinubu and senior executives of the company on the sidelines of the Africa CEO Forum in Kigali, Rwanda.
The delegation was led by Regional President of APM Terminals Africa-Europe, Igor van den Essen, alongside 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 Apapa Port, expansion of logistics infrastructure, and long-term private sector participation in Nigeria’s maritime sector.
President Tinubu welcomed the investment commitment, saying his administration remains focused on improving Nigeria’s competitiveness through economic reforms and infrastructure renewal.
“Nigeria is determined to move beyond structural bottlenecks and outdated systems. We need advanced technology, faster cargo processing, and improved operational efficiency across our ports,” the President said.
He added that Nigeria possesses the market size, skilled workforce, and economic potential needed to sustain globally competitive maritime and logistics infrastructure.
“Nigeria has the market scale, talent base, and economic potential to support world-class maritime and logistics infrastructure. Investors should take advantage of the opportunities emerging from our reforms,” Tinubu stated.
Speaking during the meeting, van den Essen praised the administration’s economic policies, saying the reforms had boosted investor confidence and created momentum for long-term infrastructure investment in Nigeria.
“Nigeria remains a strategic stronghold within our African operations. We have over 20 years of collaboration and significant existing investments in the country’s port ecosystem,” he said.
He reaffirmed the company’s commitment to expanding its footprint in Nigeria through world-class terminal infrastructure and technology-driven port operations.
The APM Terminals executive also commended the Federal Government’s National Single Window initiative, saying it had streamlined trade procedures, improved Customs coordination, and reduced cargo clearance delays.
Meanwhile, President Tinubu also met with executives of Winme Group, where he called for stronger investment partnerships across logistics, mining, shipping, and integrated infrastructure development.
“We need integrated investments that connect ports, transport systems, processing facilities, and export infrastructure to drive industrial growth and competitiveness,” the President said.
The Winme Group delegation expressed confidence in Nigeria’s long-term investment outlook, citing the impact of the administration’s ongoing reforms.