President Bola Ahmed Tinubu has secured a 600 million dollars foreign investment for the expansion of the nation’s ports infrastructure to accommodate more container shipping services in Nigeria’s ports.
The new investment, which was offered from the Danish shipping and logistics company, A.P Moller-Maersk, would be complementing the one billion dollars already being invested by the administration into seaport reconstruction across the eastern and western flanks of the country.
Chairman of A.P Moller-Maersk, Robert Maersk Uggla, announced the new investment decision during a meeting with Tinubu on the sidelines of the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development in Riyadh, Saudi Arabia.
The President added that it would further support the country’s port modernization efforts and port process automation through his administration’s implementation of the national single window project.
