APM terminals confirms planned $500m investment in Nigeria

6 months ago 57

By Sulaimon Salau

05 May 2024 | 3:03 americium

The Chief Executive Officer of APM Terminals, Keith Svendsen has cleared the aerial connected plans to put much than $500m successful Nigerian ports by his company. Svendsen, who reiterated the institution aboriginal concern successful Nigeria, successful a statement, said APM Terminals has intensified talks with the medication of President Bola Tinubu and the Nigerian Ports Authority (NPA) to concretise the concern plan. He said helium is pleased with the important advancement made towards implementation of the plan.

“That is wherefore earlier this year, I publically talked astir the connection to put much than $500m that we person discussed with President Bola Tinubu successful February, and which we further elaborated successful precocious April. It should spell hand-in-hand with a semipermanent partnership.

“For america successful APM Terminals, it is important that we not lone run highly businesslike terminals, but besides play a relation successful the improvement of the section communities to bring successful opportunities for maturation and caller prospects for Nigerians,” helium said.

Svendsen said that for APM Terminals, Nigeria is simply a cardinal marketplace successful Africa and the institution is arrogant of the cardinal relation that it plays successful enabling containerised commercialized betwixt the state and the remainder of the world.

According to him, “A.P. Moller-Maersk has been contiguous successful Nigeria for much than 35 years and our vessels person been serving the state fundamentally since Independence. Today, our 2 instrumentality terminals successful Lagos and Onne grip astir fractional of the containers going successful and retired of Nigeria, and our vessels transport adjacent to a 3rd APM Terminals person been operating successful Nigeria since 2006 and person invested much than $600m during this period.”

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