APM Terminals Pledges $600m Nigeria Port Investment

President Bola Ahmed Tinubu has secured a fresh $600 million investment commitment in Nigeria’s maritime sector from global port operator APM Terminals, in a move aimed at boosting port efficiency and strengthening logistics infrastructure.

The pledge was announced in Kigali, Rwanda, during the ongoing Africa CEO Forum, where APM Terminals’ Regional President for Africa-Europe, Igor van den Essen, led a delegation to meet with the Nigerian leader.

Van den Essen said the investment would target the modernisation of Apapa port, expansion of logistics infrastructure, and long-term private sector participation in Nigeria’s maritime ecosystem.

President Tinubu welcomed the development, saying his administration’s economic reforms are repositioning Nigeria for greater global competitiveness and investor confidence.

He noted that the government is addressing long-standing structural bottlenecks in the port system, with a focus on deploying advanced technology, accelerating cargo processing, and improving operational efficiency.

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According to him, Nigeria has the market size, skilled workforce and economic potential to sustain world-class maritime and logistics investments, urging more global investors to tap into the opportunities created by ongoing reforms.

Earlier, Van den Essen commended the administration’s policy direction, saying it has restored investor confidence and created momentum for infrastructure development across key sectors.

He described Nigeria as a strategic hub within APM Terminals’ African operations, citing over two decades of presence and significant existing investments in the country’s port sector.

The executive also praised the introduction of the National Single Window, noting that it has improved trade facilitation, enhanced customs coordination and reduced delays in cargo clearance.

Other members of the delegation included Head of Investments, Martijn Van Dongen, and Chief Executive Officer of APM Terminals Nigeria, Frederik Klinke, who reaffirmed the company’s commitment to expanding terminal infrastructure and deploying technology-driven port operations.

In a separate meeting with executives of Winme Group, President Tinubu called for deeper investment partnerships to unlock opportunities in logistics, mining, shipping and integrated infrastructure development.

He stressed the need for coordinated investments linking ports, transportation networks, processing facilities and export systems to drive industrialisation and enhance Nigeria’s competitiveness.

The visiting investors expressed confidence in Nigeria’s long-term prospects, citing the impact of ongoing reforms and the country’s growing attractiveness as a destination for large-scale infrastructure investments.