Business

APM Terminals to Invest $500m in Apapa Port

The owners of APM Terminals have expressed their readiness to invest 500m USD in Apapa port to make it one of the biggest in Africa

This was disclosed by Global CEO of APM Terminals, Mr. Keith Svendsen when he visited Gboyega Oyetola Thursday night. This is even Oyetola reinstated govt’s commitment to mordenise ports in Nig to reverse current trend that makes other ports in Africa more attractive than Nig.

The APM group had earlier in the afternoon held a meeting with President Bola Ahmed Tinubu, which was attended by Oyetola, his counterparts in the Transportation ministry, Senator Saidu Alkali and that of Trade and Investment ministry, Dr. Doris Uzoka-Anite.

During the meeting, the minister highlighted some of the modernisation plans of the govt with regards to the ports.
At the meeting with Oyetola, Mr. Svendsen was accompanied by Fredrick Klinke , CEO APM Terminals, Nig.& Koye Edu, a member of the board of the company.

The group noted that in the last one year, the Onne ports has been doing better that the Durban port. They said the turnaround time in Onne had been reduced by 65 %
Oyetola, the ministry’s PS, Mr. Olorunola Olufemi, NIWA MD, Bola Oyebamiji & other aides attended the meeting.

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