APM Terminals has reiterated its commitment to invest $500m in Nigeria. this is according to a statement issued yesterday, saying the terminal operator made the commitment when its management team, led by the Chief Financial Officer of APMT, Mr. Peter Wikstrom, visited the Minister of Marine and Blue Economy, Adegboyega Oyetola, in Abuja.
Speaking during the visit, Wikstrom affirmed that the fresh investment would be channeled towards expanding terminal capacity, enhancing cargo handling efficiency, and supporting the Federal Government’s goal of attracting larger vessels to Nigerian ports.
The company is committed to investing $500m in expanding our areas of operations in Nigeria.
He expressed enthusiasm about the ongoing transformation in the nation’s maritime sector, maintaining that Nigeria, as Africa’s largest economy, is a strategic investment destination for APMT.
Wikstrom said the terminal has operated in Nigeria for over 20 years and sees a promising future for the country.
The Chief Executive Officer of APM Terminals Nigeria, Frederik Klinke, stated that the terminal is committed to reforms in the maritime sector.
He expressed appreciation to the minister for his leadership and the strong encouragement he has provided to investors.
Klinke highlighted that the minister’s efforts to remove procedural bottlenecks at the port are already yielding results, “and we are proud to be part of the journey to transform Nigerian ports.”
In his response, Oyetola, said “The eastern ports would also not be left behind. We are determined to ensure a holistic upgrade of all Nigerian ports. We are pleased with the quality of infrastructure that APMT has delivered at the Lagos Port Complex, Apapa.”
The minister emphasised that the Federal Government’s drive to deepen draft levels at the Lagos Ports to a minimum of 16 meters “will allow the berthing of larger vessels, improve turnaround time, and reduce shipping costs.”
