Blue Economy
APM Terminals Pledges Fresh $600m Investment in Nigeria’s Ports as Tinubu Courts Investors at Kigali Forum
APM Terminals Pledges Fresh $600m Investment in Nigeria’s Ports as Tinubu Courts Investors at Kigali Forum
Global terminal operator reaffirms long-term commitment to Nigerian maritime sector; IFC also eyes strategic partnership on energy and transport infrastructure
By Okeoghene Onoriobe | Waterways News Correspondent
Global port and terminal operator APM Terminals has announced a fresh investment commitment of $600 million into Nigeria’s port and logistics infrastructure, in what industry observers are describing as one of the most significant capital pledges in the sector since the landmark port concession reforms of 2006.
The announcement, made on Thursday on the sidelines of the Africa CEO Forum in Kigali, Rwanda, came during a bilateral meeting between President Bola Tinubu and senior leadership of APM Terminals — the port management arm of Danish shipping giant A.P. Møller-Mærsk, which currently handles close to half of all containerised cargo passing through Nigerian ports.
Presidential spokesman Sunday Dare, who briefed journalists after the meeting, said the discussions centred on expanding Nigeria’s port capacity and logistics infrastructure, with the company’s executives reaffirming their long-term strategic interest in the country.
APM’s Nigerian Footprint
APM Terminals already operates across three critical nodes of Nigeria’s maritime and hinterland logistics network. The company manages the Apapa Container Terminal — the busiest container handling facility in West Africa’s largest economy — as well as the West African Container Terminal (WACT) at the Onne Oil and Gas Free Zone in Rivers State, and an inland container depot in Kano, serving the country’s densely populated northern hinterland.
Collectively, these facilities position APM Terminals as the dominant private operator within Nigeria’s concessioned port system, a role it has held since the Federal Government’s port commercialisation programme transferred terminal management from the Nigerian Ports Authority to private concessionaires nearly two decades ago.
The fresh $600 million commitment builds on a trajectory of recent capital deployment. In September 2024 — less than two years ago — the company launched a $115 million upgrade and expansion project at WACT Onne, targeted at boosting capacity and modernising cargo handling equipment at the Rivers State facility. The latest pledge, if fully executed, would dwarf that earlier outlay and signals a material escalation in the company’s Nigeria strategy.
A Landmark Moment for Port Investment
Sunday Dare described the scale of the commitment in emphatic terms, characterising it as among the largest single private investments in Nigeria’s port and logistics sector since the port reform era that reshaped the industry in 2006. That reform, which saw the NPA exit terminal operations and hand management to private concessionaires under long-term lease agreements, fundamentally transformed the country’s port landscape — but has also been a subject of recurring controversy, particularly around concession renewal terms, revenue sharing, and the pace of capital expenditure by operators.
The timing of the announcement is therefore significant. The port concession agreements signed in 2006 are now approaching the end of their initial tenures, and both the Federal Government and private terminal operators have been engaged in protracted negotiations over renewal terms. A public commitment of this magnitude from APM Terminals — one of the most commercially credible names in global port management — could be read as a signal that at least one major operator has reached sufficient comfort with the emerging regulatory framework to stake fresh capital.
Tinubu’s Investment Offensive
The Kigali commitment forms part of a broader investment diplomacy campaign by the Tinubu administration, which has positioned the Africa CEO Forum — an annual gathering of senior business leaders and heads of state — as a platform for attracting foreign direct investment into Nigeria’s infrastructure-heavy sectors.
Dare said the President held a series of high-level meetings following his participation in the forum’s plenary session, targeting strategic partners in energy, housing, transport, and extractive industries.
Among the most consequential was a session with executives of the International Finance Corporation (IFC), the private sector-focused arm of the World Bank Group. According to Dare, the discussions covered four key investment areas, with the IFC expressing readiness to deploy capital and technical support into Nigeria’s energy and power infrastructure.
“They will be sending a mission to Nigeria as soon as the President approves it,” Dare said, adding: “When it comes in, you have employment for our people, they will pay taxes, the factory lines will come alive. The benefits of such investment eventually percolate through the economy.”
The IFC mission, if confirmed, would mark a significant step forward in multilateral financing engagement with Nigeria’s infrastructure gap — a gap that has long constrained port productivity, given the centrality of road, rail, and power connectivity to port throughput efficiency.
Solid Minerals Investors Also in the Mix
Beyond the maritime and financial sectors, Tinubu also held talks in Kigali with a consortium of solid minerals investors currently active in Guinea, who are now exploring the possibility of replicating their integrated model in Nigeria.
Dare described the group’s approach as combining mining operations with infrastructure development — a model that has attracted growing attention in West African resource economies seeking to maximise value addition from extractive activities.
“They are interested in coming to invest in Nigeria. They are into an integrated approach — that is infrastructure, mining and all that goes with it,” Dare said. Nigeria’s solid minerals sector, long overshadowed by the oil and gas industry, has been a stated priority of the Tinubu administration, which has signalled ambitions to diversify the country’s export revenue base.
Nigeria Watch | What the $600m Means for Port Stakeholders
For freight forwarders, terminal operators, shipowners, and cargo interests operating within Nigeria’s ports, the APM Terminals pledge carries direct operational implications — though the devil, as always, will be in the details of implementation.
If the investment is directed primarily at Apapa — Nigeria’s premier container port — it could translate into critical upgrades to quay infrastructure, yard handling equipment, and draught depth, all of which directly affect vessel call size, turnaround times, and ultimately, the cost of doing business at the port. Apapa has for years struggled with congestion, inadequate infrastructure, and logistics bottlenecks that impose significant costs on importers and exporters alike.
However, industry watchers will note that capital commitments of this scale announced at diplomatic forums do not always translate swiftly into ground-level activity. The port concession renewal negotiations between the Federal Government and terminal operators remain unresolved in key aspects, and the contractual framework underpinning any new investment will need to be finalised before spades go in the ground.
What is beyond dispute is the signal value of Thursday’s announcement. In a period of global investor caution toward frontier markets, a $600 million commitment from a firm of APM Terminals’ standing — backed by the balance sheet of A.P. Møller-Mærsk — represents a strong endorsement of Nigeria’s port sector prospects. For the NPA, the Ministry of Marine and Blue Economy, and the Nigerian Shippers’ Council, the task now is to ensure the enabling environment is in place to convert that confidence into cranes, berths, and capacity.
Blue Economy
Water Transport Operators Push For Recognition At The Table As FTAN Demands Tourism Policy Reforms
Water Transport Operators Push For Recognition At The Table As FTAN Demands Tourism Policy Reforms
By Okeoghene Onoriobe | Waterways News
Nigeria’s tourism sector needs urgent policy reform, stronger collaboration and fresh investment to compete globally and water transport operators who are members of the Federation of Tourism Associations of Nigeria (FTAN) want that conversation to include the boats, ferries and waterway routes that move millions of Nigerians and could move even more tourists.
That was the underlying idea raised by Comrade Babatope Fajemirokun National President of Waterfront Boat Owners and Transporters Association of Nigeria (WABOTAN) represented by Chief Raymond Gold, National PRO of WABOTAN, at the ninth Nigeria Tourism Investors Forum and Exhibition (NTIFE), held over two days in Abuja under the theme “Tourism Transformation Through Collaboration, Policy Alignment and Investment.” The events took place between Thursday 30 to Friday 31 of July 2026. Waterfront Boat Owners and Transporters Association of Nigeria (WABOTAN), is a corporate member of FTAN
The forum drew policymakers, investors, tourism operators and development partners.
FTAN President Dr Aliyu Badaki used his welcome remarks to press the Federal Government to overhaul tourism-related laws and regulatory frameworks that he said breed duplication, institutional conflict and legal uncertainty for operators. He said the federation’s newly developed Tourism Transformation Mandate (TTM) is meant to unify every segment of the tourism value chain.
Babatope Fajemirokun, through Chief Gold emphasizes the fact that this value chain for Nigeria’s coastal cities, riverine communities and inland waterway corridors, runs directly through water transport.
Badaki argued that fragmented efforts and weak coordination have held back the sector for years, and called for regulation that enables rather than inhibits growth.
Minister of Art, Culture, Tourism and Creative Economy, Hannatu Musawa, who declared the forum open, described tourism as a strategic pillar for economic diversification. She said government cannot finance tourism transformation alone and that private capital must lead, with government’s role limited to creating an enabling environment for investors.
In his keynote address, Sen. Ibrahim Ida called for stronger collaboration among government, the private sector and host communities, saying tourism can generate jobs, foreign exchange and diversification if properly harnessed.
Panel sessions, moderated by Justina Ovat of Calabar Hospitality House Limited, featured Nigeria Tourism Development Authority (NTDA) Director-General Dr Ola Awakan, who called for policy consistency and investor-friendly incentives, and Dr Philip Maga of the National Institute for Hospitality and Tourism (NIHOTOUR), who flagged the need for stronger workforce training to close skills gaps across the hospitality industry.
Hospitality entrepreneur Lanre Balogun urged investors to prioritise disciplined, long-term planning.
Nigeria Watch
For Nigeria’s water transport sector, NTIFE’s reform push is not a side conversation. Rather, it is a direct stakeholder issue. FTAN’s corporate membership includes Waterfront Boat Owners and Transporters Association of Nigeria (WABOTAN) and the Association of Tourist Boat Operators and Water Transporters of Nigeria (ATBOWATON), both drawn from the ranks of operators who run the boats, ferries and water taxis that already serve Lagos’s creeks, the Niger Delta’s riverine towns and coastal leisure routes. Their presence inside FTAN means the federation’s demand for regulatory clarity and coordinated policy carries an inland-waterways and blue-economy dimension that goes beyond hotels and heritage sites.
That matters because water tourism sits at an awkward regulatory junction in Nigeria. A tourist boat operator answers not only to tourism authorities but potentially to NIWA, LASWA (in Lagos) and NIMASA on safety standards, and state government tourism boards, precisely the kind of overlapping jurisdiction Badaki described as breeding “duplication, institutional conflicts… and operational uncertainty.”
The 2026 Supreme Court ruling affirming NIWA’s regulatory authority over inland waterways nationwide, following the NIWA-LASWA jurisdictional dispute, is a live example of the kind of institutional friction FTAN’s Tourism Transformation Mandate is meant to resolve, at least on the tourism side.
Musawa’s call for private capital to lead tourism investment also lands squarely on water transport operators’ desks. Vessel acquisition, safety retrofitting, jetty infrastructure and life-jacket compliance all require capital that small-scale operators, including WABOTAN’s member-cooperative structure, have struggled to access, a gap that echoes the long-running CVFF disbursement failure in the cabotage shipping sector and underscores why financing bottlenecks are not unique to cargo and passenger shipping alone.
If FTAN’s push for policy alignment succeeds in drawing water transport formally into Nigeria’s tourism investment architecture, operators like WABOTAN and ATBOWATON could gain a stronger claim to inclusion in infrastructure programmes such as the Omi-Eko electric ferry project and LASWA’s ferry safety development initiatives, turning routine commuter water transport into a recognised leisure and tourism asset, not just a transportation afterthought.
For a sector accustomed to being regulated but rarely consulted, this call by Babatope Fajemirokun is a modest but meaningful call.
Blue Economy
NIMASA Deepens Seafarer Welfare Push, Signs Off Renewed Mission to Seafarers Collaboration
NIMASA Deepens Seafarer Welfare Push, Signs Off Renewed Mission to Seafarers Collaboration
By Ighoyota Onaibre | Waterways News
The Nigerian Maritime Administration and Safety Agency (NIMASA) has restated its commitment to improving the welfare of Nigerian seafarers, pledging deeper collaboration with the Mission to Seafarers (MtS) as part of ongoing reforms in the sector.
The commitment came as the Director-General, Dr Dayo Mobereola, received a delegation from the Mission to Seafarers at the agency’s Lagos headquarters, led by the Chairman of MtS Lagos, Chief Adebayo Sarumi, alongside the Regional Director for Africa, Reverend Cedric Rautenbach.
Speaking on behalf of the DG, NIMASA’s Executive Director for Operations, Engr. Fatai Taiye Adeyemi, said the agency would continue tightening certification processes, expanding capacity development programmes, and strengthening welfare policies for seafarers both at sea and in port, in partnership with stakeholders such as the Mission to Seafarers.
Chief Sarumi commended NIMASA’s ongoing reforms and expressed confidence that closer collaboration would translate into tangible welfare gains for Nigerian maritime professionals. Reverend Rautenbach, for his part, clarified that while the Mission to Seafarers and Nigeria’s Port Welfare Committees pursue a shared objective which is the the wellbeing of seafarers. The two bodies operate on distinct, complementary mandates, making coordination between them essential to strengthening on-ground support at Nigerian ports.
The meeting covered decent working conditions, welfare service gaps, and areas of mutual collaboration. NIMASA said the engagement aligns with its obligations under the Maritime Labour Convention (MLC) 2006, and forms part of a broader push toward stronger regulatory oversight and stakeholder engagement on seafarer rights.
Nigeria Watch
Beyond the courtesy-visit optics, this meeting lands on a fault line that has dogged Nigerian seafarer welfare for years: fragmented institutional responsibility. NIMASA regulates and certifies; Port Welfare Committees are meant to deliver frontline services at berths; the Mission to Seafarers, a faith-based international NGO, fills gaps neither statutory body always reaches. These gaps are chaplaincy, shore leave support, emergency assistance, and advocacy for stranded or abandoned crew.
Rautenbach’s point about “distinct but complementary mandates” is worth pressing on, because in practice that distinction has often meant duplication in some areas and total absence in others.
Nigerian seafarers have long reported patchy access to welfare facilities at ports like Apapa, Tin Can Island, and Onne. Such reports include inconsistent internet access, poor rest facilities, and slow response to cases of wage default or abandonment by errant shipowners, issues MWUN has repeatedly raised in past CBA compliance disputes.
NIMASA’s MLC 2006 framing is the right one, but enforcement, not policy language, remains the industry’s persistent complaint. If this renewed MtS partnership is to mean more than another photo-op at headquarters, it should translate into a documented, port-by-port welfare service map: which ports have functioning seafarer centres, which Port Welfare Committees are actually active, and where the Mission to Seafarers’ Flying Angel network is present versus where seafarers are effectively on their own.
Nigerian crews calling at their own national ports deserve better than welfare support that depends on which NGO happens to be in town.
NIMASA Bets on Youths to Power Nigeria’s Blue Giant Ambitions
By Okeoghene Onoriobe | Waterways News
The Nigerian Maritime Administration and Safety Agency (NIMASA) has restated that the country’s push to become Africa’s “Blue Giant” will rise or fall on how well it equips young Nigerians for the blue economy, with the agency’s Director-General, Dr Dayo Mobereola, describing youth capacity-building as the engine room of the National Marine and Blue Economy Policy.
Mobereola made the point at the 10th Taiwo Afolabi Annual Maritime (TAAM) Lecture at the University of Lagos, where he was represented by NIMASA’s Director of Reforms Coordination and Blue Economy, Mrs Nneka Obianyor. He linked the agency’s youth agenda directly to President Bola Tinubu’s economic diversification drive, noting that the Minister of Marine and Blue Economy, Adegboyega Oyetola, has directed NIMASA to prioritise skills development and job creation for young Nigerians in the sector.
Director-General of NIMASA, Dr. Dayo Mobereola
To back that up, Mobereola pointed to a cluster of NIMASA programmes already running: the long-standing Nigerian Seafarers Development Programme (NSDP), a newly launched Blue Economy Accelerator Initiative, skills acquisition centres spread across the six geopolitical zones, and the rollout of Institutes of Maritime Studies in select Nigerian universities. He framed these as deliberate interventions meant to build capacity, generate employment, and spur innovation among the country’s youth population.
Separately, NIMASA used the UNILAG engagement to go beyond ceremony, running an interactive session with doctoral and master’s students on shipping development, maritime logistics, cabotage implementation, and maritime labour regulation. The session was led by the agency’s Director of Cabotage Services, Ms Gloria Anyasodo, and was pitched as part of a broader effort to strengthen ties between academia and industry in tackling the maritime sector’s practical challenges.
Nigeria Watch
The optics are good; the test, as always, will be delivery. NIMASA has no shortage of youth-facing initiatives on paper. The NSDP has existed for years, skills centres have been announced before, and Institutes of Maritime Studies have been floated in past budget cycles. What’s new here is the Blue Economy Accelerator Initiative, and it arrives with the same vagueness that has dogged similar rollouts: no disclosed funding envelope, no timeline for the six geopolitical zone centres to be fully operational, and no public framework for how graduates of these programmes are absorbed into shipping, logistics, or cabotage jobs afterward.
That absorption question matters more than any lecture-hall soundbite. Nigeria’s maritime training pipeline, from MAN Oron to the seafarer certification backlog that this publication has tracked, already produces more qualified hands than the domestic fleet and port ecosystem can currently employ. This is a mismatch tied directly to the Cabotage Vessel Financing Fund’s decades-long disbursement failure and the slow pace of indigenous vessel acquisition. Training more youths without fixing that bottleneck simply shifts the frustration downstream, from unemployment to underemployment.
There’s also an accountability gap in how these announcements are made. They are usually made through a lecture delegation rather than a costed policy document. If NIMASA and the Ministry of Marine and Blue Economy are serious about youths driving the Blue Giant ambition, the next disclosure should include enrolment numbers, the accelerator’s funding source, and most critically, the placement data showing how many NSDP and skills-centre graduates have actually found sea-time or shore-based maritime employment. Until then, this remains a well-intentioned promise stacked on top of several older, still-unfulfilled promises.
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