Tinubu Secures $600 Million Deal For Nigerian Ports - Politics

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Tinubu Secures $600 Million Deal For Nigerian Ports - Politics - Nairaland

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Tinubu Secures $600 Million Deal For Nigerian Ports by peekspot(m): 7:05am On Apr 29

President Bola Tinubu has secured a $600m investment from Danish shipping and logistics firm A.P Moller-Maersk, the presidency said on Sunday.

The deal is to help in expanding port infrastructure to accommodate more container shipping services in Nigerian ports.

Chairman of A.P Moller-Maersk, Mr. Robert Maersk Uggla, disclosed the decision during a meeting with President Tinubu on the sidelines of the World Economic Forum Special Meeting on Global Collaboration, Growth and Energy for Development in Riyadh, Saudi Arabia, on Sunday, presidential spokesman Ajuri Ngelale said in a statement.

”We have seen a significant opportunity for Nigeria to cater for larger container ships. Historically, most of the West African coasts are already served by smaller ships. Currently, we see an opportunity to deploy larger ships to Nigeria. To achieve this, we need to expand the port infrastructure, especially in Lagos, where we need a bigger hub for logistics services. The growth potential is hard to quantify,” Ngelale quoted Uggla as saying.

”We believe in Nigeria, and we will invest $600 million in existing facilities and make the ports accommodating for bigger ships.”

On his part, Tinubu appreciated the firm for its contributions to the Nigerian economy.

“We appreciate your business and the contribution you have made and continue to make to our country’s economy over time. We do not take our partners for granted. A bet on Nigeria is a winning bet. It is also a bet that rewards beyond what is obtainable elsewhere,” Tinubu said.

“More investment opportunities are available, and my government has worked on various reforms to encourage investments. We need to encourage more opportunities for revenue expansion and minimize trans-shipments from larger ships to smaller ships.”

https://www.channelstv.com/2024/04/28/tinubu-secures-600m-investment-from-a-p-moller-maersk-presidency/

16 Likes 2 Shares

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by Iremis: 7:20am On Apr 29

Please joor this government is working.

The second news that made that made the day for so many people was the Bodo - Bonny road.

28 Likes

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by Tochitee(m): 7:21am On Apr 29

Enjoy jagaban! Your haters thought they know you. they will learn a bitter lesson.

27 Likes 2 Shares

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by Helpfromabove1(m): 7:22am On Apr 29

What is the effect of the others secured in the past

Let see the effect of the previous deals no be about just announcing deal and no positive impact

23 Likes 5 Shares

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by Bioboy1213(m): 7:22am On Apr 29

BRB

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by cjudy(m): 7:23am On Apr 29

Make I laugh small.
Them don start again to they give the agbadorian fake hope.

Oga propaganda and false hope won’t earn you likes.
Only fools are deceived with this audio

44 Likes 6 Shares

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by EleventhWeirdo: 7:23am On Apr 29

Do we have a foreign investment policy at all? I understand making some concessions in certain sectors but it's not every foreigner who promises to invest that we will ass-lick. We should have a policy for controlled FDI in sectors currently above the capacity of local flouting. We should discourage others coming to kill the local industries except they agree to transfer technology in the long run. All said, we need basic infrastructure requisite for development i.e. good road networks, functional healthcare, stable electricity, and an education system that actually produces and develops 21st century -readied human capital.

7 Likes 1 Share

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by phemmie06(m): 7:23am On Apr 29

Someone should read and translate it in Spanish

2 Likes

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by ericmor: 7:23am On Apr 29

Helpfromabove1:
B

Even with a letter word, you still no make first comment

1 Like 1 Share

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by StPete: 7:24am On Apr 29

Money that will enter private pockets and would make Nigeria sell some of its assets at the port and be indebted for others

7 Likes 2 Shares

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by Splashme: 7:25am On Apr 29

Lol

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by ericmor: 7:26am On Apr 29

Enough of all the news and paper talk, we need to start experiencing positive impact on the people of Nigeria

1 Like

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by selleniza: 7:26am On Apr 29

Currently, we see an opportunity to deploy larger ships to Nigeria. To achieve this, we need to expand the port infrastructure, especially in Lagos, where we need a bigger hub for logistics services.

To expand only Apapa and Lekki port?

2 Likes

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by Fcwilly: 7:27am On Apr 29

Ok, we have heard you. Please when will ph refinery start working?

1 Like

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by Menclothing1: 7:27am On Apr 29

This is good the ship that comes to Nigeria are smaller version so they carry less goods

2 Likes 1 Share

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by emorse(m): 7:27am On Apr 29

Nice. But erm, what happened to the $14b from India? Haven't heard anything about that in a while. Or have I been under a rock? undecided

2 Likes

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by Dilijingsly(m): 7:29am On Apr 29

Tinubu amaka. Good news. #Bringbackfuelsubsidy

1 Like

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by AnnaBeljones: 7:30am On Apr 29

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3 Likes 1 Share

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by Helpfromabove1(m): 7:33am On Apr 29

ericmor:

Even with a letter word, you still no make first comment

Who first comment help , when I was new I taught seun pays for first comment and after getting many first comment and likes no effect on my bank account

1 Like

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by greenermodels: 7:33am On Apr 29

Lagos is not the only port in Nigeria,they should allow other ports to receive all classes of cargo like Lagos and also invest in their upgrade just like Lagos, the ONITSHA inland river port has already been completed by President Goodluck Jonathan should be concessioned to the state government's port management company so that it can become operational. Every part of Nigeria should be given equal opportunity of development.

4 Likes

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by emorse(m): 7:33am On Apr 29

Menclothing1:
This is good the ship that comes to Nigeria are smaller version so they carry less goods

Well I wonder how this helps. Last I checked, these small ships usually go back empty which is why we're having the Forex crisis. Aren't we supposed to find ways to fill up these "small" ships as they leave first? undecided

8 Likes 3 Shares

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by Omobada(m): 7:34am On Apr 29

Good

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by Bfly: 7:35am On Apr 29

Now, it is Tinubu did.

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by ericmor: 7:38am On Apr 29

Helpfromabove1:

Who first comment help , when I was new I taught seun pays for first comment and after getting many first comment and likes no effect on my bank account

So why try to be the first to comment? Is it just for fun or what?

1 Like

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by watchindelta(m): 7:38am On Apr 29

Since I small now a man, all Nigerian things are future tense. And the must foolish citizens in the 🌎 are Nigerians.

2 Likes

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by Autobot05: 7:40am On Apr 29

Tales by moonlight

First deal with fuel scarcity and hunger

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by hslbroker2(m): 7:40am On Apr 29

Good news

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1 Like

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by MrPOTUS: 7:42am On Apr 29

Hope it's not another propaganda lipsrsealed

Coz Satan self dey talk notes and expo from d lies of this government undecided

1 Like

Re: Tinubu Secures $600 Million Deal For Nigerian Ports by DMerciful(m): 7:43am On Apr 29

Story story....story...

Once upon a time.....

1 Like

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