Nigeria unveils Maersk’s massive port investment; No confirmation from Maersk

A.P. Moller-Maersk is reportedly poised to embark on a substantial US$600 million investment in Nigerian port facilities.

Nigerian President, Bola Tinubu, has indeed announced that it has secured the significant investment by the Danish shipping giant, but Maersk has officially not confirmed the investment decision.

"We are not able to comment on any investment talks," a Maersk spokesperson told Container News.

"We have been present in Nigeria for 35 years and, as a global provider of logistics services, we remain committed to develop opportunities for growth to people, the port sector and businesses locally. Therefore, it is natural to have an ongoing dialogue with the administration," the company's representative added.

The genesis of this news stems from the meeting between Nigerian President and Chairman of Maersk, Robert Maersk Uggla, on the sidelines of the World Economic Forum Special Meeting on Global Collaboration, Growth, and Energy for Development in Riyadh, Saudi Arabia, on 28 April.

While Maersk does not deny the meeting, the company is clear that no agreements have been reached and no documents have been signed.

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