Tinubu seals $600m seaport infrastructure deal with Maersk
An investment worth $600 million has been secured by President Bola Tinubu from A.P. Moller-Maersk, a Danish shipping and logistics company. This investment aims to enhance the existing port infrastructure to support more container shipping services in Nigerian ports.
During a meeting at the World Economic Forum Special Meeting on Global Collaboration, Growth, and Energy for Development in Riyadh, Saudi Arabia, Chairman of A.P. Moller-Maersk, Mr. Robert Maersk Uggla, revealed the decision to President Tinubu.
President Tinubu highlighted that this investment will supplement the administration’s ongoing $1 billion effort in seaport reconstruction across eastern and western ports in Nigeria.
The President emphasized that this move will aid in the country’s port modernisation agenda a...