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Maersk Denies $600m Investment Claim In Nigeria



Maersk Denies $600m Investment Claim In Nigeria

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Danish shipping giant AP Moller-Maersk has denied reports of agreeing to invest $600 million in Nigeria’s port expansion and improvement project.

The denial comes in response to recent statements made by Nigerian President Bola Tinubu regarding the alleged investment deal.

According to a statement provided to Lloyd’s List, Maersk officials clarified that no such agreement has been signed.

The company emphasized that while discussions have taken place with Nigerian authorities, they cannot confirm any specific investment talks at this time.

“There is no such deal in place,” a spokesperson for Maersk stated, refuting the claims made by President Tinubu.

Bola Ahmed Tinubu scaled
President Bola Ahmed Tinubu

Maersk Denies $600 Million Investment Claim

Maersk denies reports of a $600 million investment in Nigeria’s port sector, refuting claims made by President Bola Tinubu.

Conflicting Reports Surface

Contradictory statements between President Tinubu’s assertion and Maersk’s denial have sparked controversy, raising questions about the accuracy of information provided by government officials.

Maersk Stands Firm

Despite discussions with Nigerian authorities, Maersk emphasizes the absence of a $600 million investment agreement and refrains from commenting on specific talks.

Nigeria’s Port Development Plans

Despite uncertainty surrounding the alleged investment, Nigeria remains committed to revamping its ports, including those in Lagos, to improve trade efficiency.

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