Danish shipping company, APM Terminals-Nigeria, on Thursday, said it has a plan to invest $500 million into the nation’s economy through the maritime sector in the coming years.
Recall that there have been controversy after the special adviser to the president on media and publicity, Ajuri Ngalale, said Nigeria secured a $600 million investment to expand existing port infrastructure to accommodate more container shipping services in Nigerian ports.
There were reports that A.P Moller-Maersk, denied the investment commitment with the federal government.
However, in a statement titled, ‘Our Vision For Nigerian Ports and Growth’, by the chief executive officer, APM Terminals, Keith Svendsen, a copy of which was made available to LEADERSHIP, it said they have developed plans to undertake necessary terminal upgrade investments in Apapa to give access to vessels with deep draft and requiring large ship-to-shore cranes.
According to him, the company had the investment discussion with…
Source: Leadership Newspaper
