APM Terminals Commits $600m Fresh Investment in Nigeria’s Ports After Tinubu Talks

APM Terminals has pledged $600 million in fresh investment in Nigeria’s port and logistics infrastructure, following talks with President Bola Tinubu on the sidelines of the Africa CEO Forum in Kigali, Rwanda. It’s one of the largest single port investment commitments since Nigeria privatized its terminal operations in the mid-2000s.

Presidential aide Sunday Dare, who briefed journalists on the meeting, said the investment will cover expansion of the Apapa Port terminal and improvements to supply chain infrastructure. APM Terminals already operates facilities in Apapa, Onne, and Kano, handling roughly half of Nigeria’s containerized trade.

Existing operations to expand

The Danish port operator holds an exclusive lease through September 2031 to expand port and logistics services in and around Apapa. In September 2024, it launched a $115 million upgrade at the West African Container Terminal in Onne.

“They are already in Nigeria. They have an agreement and contract to be there till 2031, but at that meeting they announced they are interested in investing another $600 million,” Dare said. “That was a very important meeting.”

The company provides direct and indirect employment to more than 10,000 Nigerian families across its three terminals. The fresh commitment came during a session where Tinubu discussed deepening Nigeria’s infrastructure with the company’s regional leadership.

Broader investment push

Dare described the Africa CEO Forum as producing a run of high-value commitments. Tinubu also met with the International Finance Corporation, which signaled willingness to back Nigeria’s energy portfolio and power asset class. An IFC mission is expected to visit Nigeria pending presidential approval.

He acknowledged that bilateral mechanisms take time but insisted the groundwork being laid would ensure follow-through. “What is important is that Nigeria is getting critical attention. Investors are swarming all over our country,” he said.

The Africa CEO Forum runs through Friday in Kigali, bringing together African heads of state, CEOs, and investors to discuss business opportunities across the continent.

Sources: Punch, Premium Times, The Will