Maersk pours $600 million into Nigeria's port infrastructure development

Posted on May 3, 2024   |  

Maersk announces a $600 million investment to improve Nigeria's ports and expand container shipping services.

The decision was made during a meeting at the World Economic Forum Special Meeting on Global Collaboration, Growth, and Energy for Development in Riyadh, Saudi Arabia, on April 28.

President Tinubu emphasizes that the investment will complement the government's existing $1 billion initiative to renovate Nigeria's seaports.

The President reaffirms support for port modernization and automation through the national single window project.

Maersk's investment reflects a joint effort to boost Nigeria's maritime infrastructure and economic development.