The Nation Newspaper Danish firm Maersk to invest $600m in Apapa Port, others
The investments were attracted from Denmark for the expansion of ports infrastructural to accommodate more container shipping services.The $600 million investments, which were offered by the Danish shipping and logistics company, A.P Moller-Maersk, would complement the $1 billion being invested by the Federal Government on the seaport reconstruction in the eastern and western flanks of the country.
President Tinubu added: “We appreciate your business and the contribution you have made and continue to make to our country’s economy over time. We do not take our partners for granted. A bet on Nigeria is a winning bet. It is also a bet that rewards beyond what is obtainable elsewhere. He said Nigerian ports should be able to accommodate larger container ships, adding that port infrastructure should be expanded to meet the demand while reducing the cost of logistics.
‘’In my humble view, given that Nigeria is the most populous country in Africa, Nigeria should have the best and biggest port and we are very eager to invest, and we will continue that dialogue with the relevant Nigerian authorities to explore further investment opportunities.” President Tinubu said Nigeria would protect foreign investors by sustaining the willing-buyer/willing-seller principle, which ensures seamless access to capital for investors within and outside the country.
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