President Bola Tinubu’s economic and investment initiatives on Thursday received a boost as worldclass port operator, APM Terminals pledged a $600 million investment in Nigeria’s maritime sector.

Regional President, APM Terminals Africa-Europe, Igor van den Essen, disclosed this when he led other executives, including Head of Investments, APM Terminals, Martijn Van Dongen, and CEO, APM Terminals Nigeria, Frederik Klinke, to meet with President Tinubu on the sidelines of the ongoing Africa CEO Forum in Kigali, Rwanda.

According to a statement issued by the Presidential spokesman, Bayo Onanuga, Igor van den Essen, said the proposed investments would be deployed in Apapa port modernisation, logistics infrastructure, and long-term private-sector investment in Nigeria’s maritime sector.

The President welcomed the investments, emphasising that Nigeria was repositioning itself for greater competitiveness through ongoing economic reforms and infrastructure modernisation.

He said the country was determined to move beyond structural bottlenecks and outdated systems, stressing the need for advanced technology, faster cargo processing, and improved operational efficiency across the nation’s ports.

He emphasised that Nigeria possessed the market scale, talent base, and economic potential to support globally competitive maritime and logistics infrastructure investments and called on other investors to take advantage of Nigeria’s reform outcomes.

Earlier, Igor van den Essen had lauded the President’s reform agenda and policy direction, which had strengthened investor confidence and created renewed momentum for long-term infrastructure investments.

He described Nigeria as a strategic stronghold within its African operations, referencing over 20 years of collaboration and substantial existing investments in the country’s port ecosystem.