Maersk pledges $600m worth of port investment in Nigeria

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In February 2024, Maersk Terminals Chief Executive Officer, Mr. Keith Svendsen detailed the company’s $600million investment commitment on a visit to the Minister of Industry, Trade, and Investment, Dr. Doris Uzoka-Anite. During this meeting, which was captured on video, he reaffirmed Maersk’s commitment to investing more in Nigeria.

In the video, the Maersk Terminals CEO clearly outlined plans to allocate an initial $100 million, with an additional “Half-Billion dollars” ($500m) earmarked for port investment in Lagos, Nigeria.

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Sunday’s Riyadh meeting between President Tinubu and the Maersk Chairman was another opportunity seized to reconfirm Maersk’s expanding port investment interest in Nigeria. 

These substantial investments, championed and supported by President Tinubu’s administration, are instrumental in generating employment opportunities for our growing population.

It’s imperative to recognize and commend such updates while encouraging our diligent administration and its officials to continue aggressively driving investments into the nation.

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