President Bola Ahmed Tinubu’s economic reform drive received another boost on Thursday as global port operator APM Terminals announced plans to invest $600 million in Nigeria’s maritime sector.
The commitment was disclosed during a meeting between President Tinubu and top executives of the company on the sidelines of the ongoing Africa CEO Forum in Kigali, Rwanda.
The delegation was led by the Regional President of APM Terminals Africa-Europe, Igor van den Essen, alongside Head of Investments, Martijn Van Dongen, and Chief Executive Officer of APM Terminals Nigeria, Frederik Klinke.
According to van den Essen, the proposed investment would focus on the modernisation of Apapa Port, expansion of logistics infrastructure, and other long-term private sector projects within Nigeria’s maritime industry.
President Tinubu welcomed the development, describing it as a reflection of growing investor confidence in Nigeria’s economy following ongoing reforms and infrastructure upgrades.
He said the Federal Government was determined to eliminate structural bottlenecks and modernise port operations through advanced technology, improved cargo processing systems, and greater operational efficiency.
The President also noted that Nigeria possesses the market potential, skilled workforce, and economic capacity needed to support globally competitive maritime and logistics investments, urging more international investors to take advantage of the country’s reform-driven opportunities.
Earlier, van den Essen commended the Tinubu administration’s economic policies, saying they had strengthened investor confidence and created fresh momentum for long-term infrastructure investments.
He described Nigeria as a strategic hub within APM Terminals’ African operations, citing over two decades of collaboration and investments in the country’s port ecosystem.
The company executive also praised the establishment of the National Single Window initiative, which he said had improved customs coordination, streamlined trade procedures, and reduced cargo clearance delays.
Meanwhile, President Tinubu also met with executives of Winme Group, where he called for deeper investment partnerships in logistics, mining, shipping, and integrated infrastructure development.
The President stressed the importance of linking ports, transport networks, processing facilities, and export infrastructure to accelerate industrial growth and improve national competitiveness.
Executives of Winme Group expressed confidence in Nigeria’s long-term investment prospects, noting that they had closely monitored the administration’s ongoing reforms.
