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Headline : Maersk announces investment of $600m in port infrastructure during ¹¹meeting with Tinubu

Read more from the original article on here at www.ripplesnigeria.com.






Tags : #maersk #announces #investment #600m #port #infrastructure #during #meeting #tinubu


No. of Paragraph 43

President Bola Tinubu, on Sunday, secured an investment of $600 million from Danish shipping and logistics company, A.P Moller-Maersk, to expand existing port infrastructure to accommodate more container shipping services in Nigerian ports.

Chairman of A.P Moller-Maersk, Mr. Robert Maersk Uggla, announced the decision during a meeting with President Tinubu on the sidelines of the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development in Riyadh, Saudi Arabia, on Sunday.

According to President Tinubu, this investment will complement the administration’s ongoing $1 billion investment in seaport reconstruction across the eastern and western seaports of Nigeria.

He added that it would further support the country’s port modernization efforts and port process automation through his administration’s implementation of the national single window project, which 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.

Read more from the original article on here at www.ripplesnigeria.com.


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