President Bola Tinubu has secured a $600 million Danish shipping and logistics company, A.P Moller-Maersk, investment for Nigeria\u2019s seaport infrastructure.<\/p>\n
This investment is to expand existing port infrastructure to accommodate more container shipping services in Nigerian ports.<\/p>\n
Chairman of A.P Moller-Maersk, Robert Uggla, disclosed this during a meeting with Mr Tinubu on the sidelines of the World Economic Forum Special Meeting in Riyadh, Saudi Arabia, on Sunday.<\/p>\n
Mr Tinubu noted that this investment would complement the administration\u2019s ongoing one billion dollars investment in seaport reconstruction across the eastern and western seaports of Nigeria.<\/p>\n
The window is aimed at enhancing trade facilitation, easing import\/export flow, reducing corruption at the ports, while improving the efficiency and transparency of port processes in Nigeria.<\/p>\n
He said, \u201cWe appreciate your business and the contribution you have made and continue to make to our country\u2019s 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. More investment opportunities are available, and my government has worked on various reforms to encourage investments. We need to encourage more opportunities for revenue expansion and minimise trans-shipments from larger ships to smaller ships.\u2019\u2019<\/p>\n
The President assured Maersk of his administration\u2019s commitment to collaborating and creating an enabling environment for businesses to thrive in the country.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
President Bola Tinubu has secured a $600 million Danish shipping and logistics company, A.P Moller-Maersk, investment for Nigeria\u2019s seaport infrastructure. This investment is to expand existing port infrastructure to accommodate more container shipping services in Nigerian ports. Chairman of A.P Moller-Maersk, Robert Uggla, disclosed this during a meeting with Mr Tinubu on the sidelines of […]<\/p>\n","protected":false},"author":25,"featured_media":29229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[],"class_list":["post-29228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/29228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=29228"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/29228\/revisions"}],"predecessor-version":[{"id":29230,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/29228\/revisions\/29230"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/29229"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=29228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=29228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=29228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}