APM Terminals pledges $600m investment in Nigeria’s maritime sector

Nigeria’s maritime industry is set for a fresh boost as global port operator APM Terminals has pledged a $600 million investment aimed at expanding and modernising key port infrastructure across the country.

The commitment was announced on Thursday by the Regional President, APM Terminals Africa–Europe, Igor van den Essen, during a meeting with President Bola Tinubu on the sidelines of the Africa CEO Forum in Kigali, Rwanda.

Van den Essen said the proposed investment would focus on the modernisation of Apapa Port, development of logistics infrastructure, and broader long-term expansion of Nigeria’s maritime operations.

He was accompanied by senior executives, including Head of Investments Martijn Van Dongen and CEO of APM Terminals Nigeria Frederik Klinke.

President Tinubu welcomed the investment, describing it as a strong endorsement of Nigeria’s ongoing economic reforms and infrastructure renewal agenda.

He said the government was committed to eliminating structural bottlenecks and upgrading port systems through advanced technology, faster cargo processing, and improved operational efficiency.

Tinubu added that Nigeria’s large market size, skilled workforce, and economic potential make it a strong destination for global maritime and logistics investments.

Earlier, Van den Essen praised the Tinubu administration’s reform efforts, saying they had strengthened investor confidence and created new momentum for long-term infrastructure development.

He noted that Nigeria remains a strategic hub for APM Terminals in Africa, with over two decades of operations and significant investments in the country’s port ecosystem.

The APM Terminals delegation also commended the introduction of the National Single Window, saying it had improved customs coordination, reduced cargo clearance delays, and streamlined trade processes.

In a separate engagement with Winme Group executives, President Tinubu called for deeper investment partnerships across logistics, mining, shipping, and integrated infrastructure sectors.

He stressed the need for connected investments linking ports, transport systems, and industrial facilities to strengthen Nigeria’s export capacity and economic competitiveness.

The company expressed confidence in Nigeria’s long-term investment outlook, citing ongoing reforms as a key driver of renewed interest in the country.