President Bola Tinubu has secured a fresh $600 million investment commitment from APM Terminals to modernise Apapa Port and support other logistics infrastructure projects across Nigeria.
The pledge came during a meeting between Tinubu and the president and senior executives of the global port operator. The APM Terminals delegation was led by Igor van den Essen, Regional President for Africa-Europe, and included Martijn Van Dongen, Head of Investments, and Frederik Klinke, CEO of APM Terminals Nigeria.
According to the President’s Special Adviser on Information and Strategy, Bayo Onanuga, the funds will be channelled into Apapa port modernisation, broader logistics infrastructure, and long-term private-sector investment in the country’s maritime sector.
Tinubu welcomed the commitment, saying the government is repositioning Nigeria for greater competitiveness through economic reforms and infrastructure modernisation. He stressed a determination to move beyond structural bottlenecks and outdated systems by adopting advanced technology, accelerating cargo processing and improving operational efficiency at the nation’s ports.
The president also highlighted Nigeria’s market scale, talent base and economic potential as foundations for globally competitive maritime and logistics infrastructure, and urged other investors to capitalise on the country’s reform efforts.
Van den Essen praised the administration’s reform agenda and policy direction, saying they have bolstered investor confidence and created momentum for long-term infrastructure investment. He described Nigeria as a strategic stronghold for APM Terminals in Africa, noting more than 20 years of collaboration and substantial existing investments in the country’s port ecosystem.
The APM executive reaffirmed the company’s commitment to expand investments in Nigeria and said it plans to support development of world-class terminal infrastructure and technology-driven port operations. He also commended the establishment of the National Single Window, saying it has streamlined trade procedures, improved customs coordination and reduced cargo clearance delays.
In a separate meeting with executives from Winme Group, Tinubu called for increased investment partnerships to unlock opportunities in logistics, mining, shipping and integrated infrastructure. He urged integrated projects that link ports, transport networks, processing facilities and export infrastructure to drive industrial growth and competitiveness.
