APM TERMINALS REAFFIRM $500 MILLION INVESTMENT COMMITMENT DURING VISIT TO OYETOLA

APM Terminals is set to invest $500 million in Nigeria’s port infrastructure, reaffirming its commitment during a visit to Hon. Minister of Marine and Blue Economy, His Excellency, Adegboyega Oyetola.

Led by CFO Peter Wikstrom, the team praised ongoing reforms and pledged to expand operations, boost effectiveness, and attract larger vessels.

The Minister described the investment as timely and strategic, aligning with the FG’s efforts to reposition Nigeria as West Africa’s maritime hub.

He noted that the Lagos Port Complex in Apapa—already a standout facility—will benefit from deeper drafts, improved turnaround times, and better cargo handling systems.

APM Terminals will also invest $10M in advanced scanning tech at Apapa Port, aiming to be Nigeria’s first fully scanner-driven terminal.

This visit signals growing investor confidence driven by reforms, improved transparency, and the FG’s commitment to revamp Nigeria’s maritime ecosystem.

Source : FMMBE