According to a statement issued by presidential spokesman Bayo Onanuga, the investment will focus on the modernisation of Apapa Port, upgrades to logistics infrastructure, and broader long-term private-sector participation in Nigeria’s maritime industry.

Tinubu said Nigeria was pursuing reforms to improve competitiveness and remove long-standing bottlenecks across its ports and trade systems.

“We are determined to move beyond outdated systems,” the president said, stressing the need for faster cargo processing, improved efficiency, and wider adoption of advanced port technology.

Van den Essen said Nigeria remained a key market for the company’s African operations, citing more than two decades of involvement in the country’s port sector.

He added that the company planned to support the development of “world-class terminal infrastructure” and technology-driven port operations.

He also welcomed Nigeria’s National Single Window initiative, which is designed to streamline trade documentation and customs procedures, reducing cargo clearance delays.

Source: Africabusinessinsider