• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, June 28, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

APM Terminals To Invest $500m In Nigeria

by Yusuf Babalola
1 year ago
in News
APM Terminals
Share on WhatsAppShare on FacebookShare on XTelegram

Danish shipping company, APM Terminals-Nigeria, on Thursday, said it has a plan to invest $500 million into the nation’s economy through the maritime sector in the coming years.

Advertisement

Recall that there have been controversy after the special adviser to the president on media and publicity, Ajuri Ngalale, said Nigeria secured a $600 million investment to expand existing port infrastructure to accommodate more container shipping services in Nigerian ports.

There were reports that A.P Moller-Maersk, denied the investment commitment with the federal government.

However, in a statement titled, ‘Our Vision For Nigerian Ports and Growth’, by the chief executive officer, APM Terminals, Keith Svendsen, a copy of which was made available to LEADERSHIP, it said they have developed plans to undertake necessary terminal upgrade investments in Apapa to give access to vessels with deep draft and requiring large ship-to-shore cranes.

According to him, the company had the investment discussion with President Bola Tinubu in February and in April, saying they have intensified talks with the administration and the port authorities to make the plans concrete.

RELATED

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

12 minutes ago
Coup Calls Blamed On Criminals Losing Ground To Military

Fake News Threatens Military Morale — NYSDI

20 minutes ago

“At APM Terminals, we believe strongly in the future prospects for the Nigerian economy, and the long-term opportunities that the current economic reforms and invitation for international investments will generate. At Onne, we are concluding a USD115m upgrade project to ensure the terminal has sufficient capacity and capabilities to service the south/eastern Nigeria market and the growth expected in coming years, while the Apapa port continues to offer a unique access to Nigerian importers and exporters to international markets through not just road, but also rail and waterways, by means of barges,” the CEO stated.

He continued, “Having been present there for close to two decades, we believe that Lagos, as the main port, needs further investments to cater for increasing trade volumes and to be able to attract large container vessels. While greenfield terminals like Lekki and later on Badagry will support economic growth in the long run, the more urgent requirement is in our view to upgrade the existing port infrastructure to ensure road, rail and barge networks can connect directly to mainline shipping.

“We have developed plans to undertake the necessary terminal upgrade investments in Apapa to give access to vessels with deep draft and requiring large ship-to-shore cranes. We seek to do this under a long-term agreement with the government to support our ambition to continuously improve the import and especially export opportunities for the country, creating jobs and diversifying opportunities locally.

“As we are still not at the finish line, we have intensified talks with the administration and port authority to make these plans concrete and I’m pleased with the significant progress made towards implementation. That is why I earlier this year publicly told about the proposal to invest more than USD 500 million that we have discussed with the President Tinubu both in February,  and which we further elaborated in late April. It should go hand-in-hand with a long-term partnership.

“For us in APM Terminals, it is important that we not only operate highly efficient terminals, but also that we play a role contributing to the development of the local communities and bring in opportunities for growth and new prospects for Nigerians,” he revealed.

Svendsen stated further that the terminal believed in a long term opportunities and investment in the nation’s economy, saying Nigeria is a key market in Africa to the company.

“To APM Terminals, Nigeria is a key market in Africa and we are proud of the central role we play enabling containerized trade between the country and the rest of the world. A.P. Moller-Maersk has been present in Nigeria for more than 35 years and our vessels have been serving the country essentially since Independence.

“Today, our two container terminals in Lagos and Onne handle about half of the containers going in and out of Nigeria, and our vessels transport close to a third. APM Terminals have been operating in Nigeria since 2006 and have invested more than $600 million during this period in equipment, including trucks and container cranes as well as in advanced operational controls, digital interfaces, and extensive training of employees to provide customers with a fully modern and safe experience.

“We employ about 2,500 people directly (99% Nigerians) and indirectly create employment for about 65,000 according to a recent socio-economic study.”


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: APM Terminals
SendShareTweetShare
Previous Post

BREAKING: Police Arrest Mastermind Of Abuja-Kaduna Train Attack

Next Post

Lagos SmartPhone Film Festival Set For August 1

Yusuf Babalola

Yusuf Babalola

You May Like

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike
Business

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

2025/06/28
Coup Calls Blamed On Criminals Losing Ground To Military
News

Fake News Threatens Military Morale — NYSDI

2025/06/28
Niger Killings: NEF Demands State Of Emergency In Northern Nigeria
News

Niger Killings: NEF Demands State Of Emergency In Northern Nigeria

2025/06/28
Billionaire Kano Businessman, Aminu Dantata, Dies At 94
News

Dantata Leaves Monumental Legacy In Philanthropy, Entrepreneurship — Buhari

2025/06/28
Billionaire Kano Businessman, Aminu Dantata, Dies At 94
News

Kano Billionaire Dantata To Be Buried In Saudi Arabia Next To Late Wife

2025/06/28
PDP Crisis Stopped Implementation Of 2014 Confab – Jonathan
News

‘Yar’Adua Wanted Me To Oversee Nigeria But One Aide Withheld The Letter’, Jonathan Reveals

2025/06/28
Leadership Conference advertisement

LATEST

Meet Nigerian Fintech Expert, Business Dev’t Consultant Ken Nwokike

Fake News Threatens Military Morale — NYSDI

Akwa Ibom APC Chairman Killed In Brawl With PDP Supporters Over Largesse

Niger Killings: NEF Demands State Of Emergency In Northern Nigeria

Dantata Leaves Monumental Legacy In Philanthropy, Entrepreneurship — Buhari

Rivers Angels Beat Nasarawa Amazons To Win 2025 President Federation Cup

Kano Billionaire Dantata To Be Buried In Saudi Arabia Next To Late Wife

‘Yar’Adua Wanted Me To Oversee Nigeria But One Aide Withheld The Letter’, Jonathan Reveals

SEDC Congratulates Oramah On Tenure Completion At Afreximbank, GCON Award

Dantata’s Death An Earth-shaking Loss To Africa —  Atiku

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.