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PRESIDENT TINUBU MEETS CHAIRMAN OF DANISH SHIPPING GIANT MAERSK; SECURES $600 MILLION INVESTMENT IN NIGERIAN SEAPORT INFRASTRUCTURE

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President Bola Tinubu has secured an investment of $600 million from Danish shipping and logistics company, A.P Moller-Maersk, to expand existing 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.

President Tinubu noted that this investment will complement the administration’s ongoing $1 billion investment in seaport reconstruction across the eastern and western seaports of Nigeria.

The President added that it would further support the country’s port modernization efforts and port process automation through his administration’s implementation of the national single window project, which is aimed at enhancing trade facilitation, easing import/export flow, reducing corruption at the ports, while improving the efficiency and transparency of port processes in Nigeria.

“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.

“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,” he said.

The President assured Maersk of his administration’s commitment to collaborating and creating an enabling environment for businesses to thrive in the country.

He cited Maersk’s previous partnership in the development of the Ogun State container terminal as a testament to fruitful partnerships with the reputable logistics company.

Highlighting Maersk’s longstanding engagement in Africa’s most populous nation and his belief in the future of Nigeria, Chairman of A.P Moller-Maersk, Mr. Robert Maersk Uggla said his company had made significant investments of over $2 billion in Nigerian ports and other activities.

He emphasized the potential for Nigerian ports to accommodate larger container ships and stressed the need for expanding port infrastructure to meet this demand while reducing the cost of logistics.

”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.

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

”In my humble view, given that Nigeria is the most populous country in Africa, Nigeria should have the best and biggest port and we are very eager to invest, and we will continue that dialogue with the relevant Nigerian authorities to explore further investment opportunities,” the Maersk Chairman said.

Chief Ajuri Ngelale

Special Adviser to the President

(Media & Publicity)

April 28, 2024

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BREAKING: Alleged assassination plot: Akpabio petitions IGP, demands Natasha’s prosecution

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Senate President Godswill Akpabio has formally petitioned the Inspector General of Police, Kayode Egbetokun, over what he described as a “criminally defamatory and inciting” allegation made by Senator Natasha Akpoti-Uduaghan, who accused him of plotting her assassination.

In the petition dated April 3 and copied to the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), Akpabio described the claims as “heinous lies” intended to damage his reputation, incite public unrest, and endanger his life.

The controversy stems from a public speech by Akpoti-Uduaghan on April 1 in Kogi State, where she alleged that Akpabio had directed former Kogi State Governor Yahaya Bello to assassinate her within Kogi State in order to make it appear that her constituents were behind the attack.

Responding to the accusation, Akpabio stated in his petition: “This statement is not only a heinous lie but a reckless and deliberate attempt to damage my reputation, endanger my life and security, and incite political unrest.”

He added that the allegation, made without evidence, was politically motivated and designed to manipulate public sentiment.

“It is a calculated act of blackmail and character assassination, designed to portray me as a political villain,” he said.

Akpabio called for an immediate police investigation and urged the prosecution of Senator Akpoti-Uduaghan under laws covering criminal defamation, incitement, false accusation, and conduct likely to cause a breach of peace.

The Senate President also stressed the impact of the allegation due to its widespread coverage on TV, radio, print, and social media.

“The severity of this false allegation, and the fact that it has gained public traction, makes it necessary that law enforcement agencies treat it with the urgency it deserves,” he said.

He concluded the petition by stating the need to hold public officials accountable for statements capable of undermining national peace and democratic institutions.

This latest clash between Akpabio and Akpoti-Uduaghan follows an earlier controversy in which she accused the Senate President of sexual harassment — a claim that contributed to her suspension from the upper legislative chamber for alleged misconduct.

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PRESIDENT TINUBU CONGRATULATES ALIKO DANGOTE, AFRICA’S INDUSTRIAL ICON, ON HIS BIRTHDAY

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STATEHOUSE PRESS RELEASE

PRESIDENT TINUBU CONGRATULATES ALIKO DANGOTE, AFRICA’S INDUSTRIAL ICON, ON HIS BIRTHDAY

President Bola Tinubu congratulates Africa’s foremost industrialist and philanthropist, Alhaji Aliko Dangote, founder and President of the Dangote Group, on his birthday.

The President celebrates the life of a visionary whose resilience and unwavering commitment to Africa’s economic transformation have redefined entrepreneurship on the continent.

President Tinubu commends Alhaji Dangote for his contributions to Nigeria’s industrialisation effort, noting how his ventures-from cement manufacturing to agriculture and the groundbreaking Dangote Refinery-have bolstered the national ambition for self-sufficiency and created thousands of jobs.

Beyond commerce, the President extols Dangote’s philanthropy, mainly through the Dangote Foundation, which has uplifted millions of underprivileged Africans.

“Aliko Dangote’s life embodies hard work, generosity, and faith in Nigeria’s potential. His willingness to invest in people and nation- building reflects profound business ingenuity and love for humanity,” the President states.

President Tinubu prays that God Almighty will continue to bless Africa’s richest man with vitality, wisdom, and many more years of impact.

He encourages younger Nigerians to draw inspiration from Dangote’s enterprise, resilience, and service.a

Bayo Onanuga
Special Adviser to the President
(Information and Strategy)
April 10, 2025

 

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Trade war: Canada PM, Carney backs down, agrees to negotiate ‘immediately’ with Trump

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The Prime Minister of Canada, Mark Carney, has backed down on his end of the trade war and agreed to negotiate “immediately” with Donald Trump.

Carney was reacting to Trump’s announcement on Wednesday, confirming a 90-day pause on all new “reciprocal” tariffs.

It is a major reversal, which has resulted in the biggest stock market rallies in history.

Carney, who succeeded Justin Trudeau earlier this year, has applauded Trump for the move.

“The pause on reciprocal tariffs announced by President Trump is a welcome reprieve for the global economy,” Carney wrote on social media.

The Liberal Party leader also stated that he “will commence negotiations on a new economic and security relationship immediately following the federal election” with Trump.

On March 23, Carney called for a snap election on April 28 and noted that while Canada will negotiate with the U.S., Trump’s signal that he will negotiate with several other countries means his nation will have to react similarly.

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