Politics
PRESIDENT TINUBU MEETS CHAIRMAN OF DANISH SHIPPING GIANT MAERSK; SECURES $600 MILLION INVESTMENT IN NIGERIAN SEAPORT INFRASTRUCTURE
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
Minister of the Federal Capital Territory, FCT, Nyesom Wike, on Friday declared that he’s still a member of the Peoples Democratic Party, PDP.
Wike’s comment followed his expulsion from the party by the faction led by National Chairman, Kabiru Turaki.
Turaki had formally dispatched expulsion certificates to 11 prominent party chieftains, including Wike, former Ekiti State governor, Ayodele Fayose, Senator Samuel Anyanwu, Umaru Bature, Kamarudeen Ajibade, SAN, Abdurahman Muhammad Senator Mao Ohuabunwa.
He said their expulsion was aimed at sanitising the party ahead of the 2027 elections.
Reacting to the development on Friday, Wike dismissed the claim while assuring that he would continue to work with other party members in making PDP a relevant opposition party.
The minister spoke while addressing journalists after inspecting the Interchange bridge and road linking Gwarinpa with Jahi and direct to Katampe, Gishiri and Maitama.
He said, “Those that are factionalized are bound to leave the party, I’m still in PDP and you can see that not everybody has left.
“We still have good numbers and we will continue to work together and that’s what I have said to the party. Put your house in order because at the end of the day, if you don’t put your house in order, it’s the party that is losing.
“So those who are worried, we can work together to see how the party can remain a relevant opposition.”
The governments of Abia and Imo States have announced the launching of a joint security taskforce and surveillance along the Aba-Owerri expressway, starting from Owerrinta in Abia State all the way to Owerri, Imo State.
The launch followed recent attacks by criminals on the expressway, including kidnapping, armed robbery and other criminal activities.
The formation of the joint security taskforce and surveillance was announced by Ferdinand Ekeoma, the Special Adviser to Governor Alex Otti on Media and Publicity.
His statement read in part: “Arising from a strategic emergency security meeting held today, 4th December, 2025, by the Governors of Abia and Imo Sates at the Imo State Government Owerri House, His Excellency Governor Alex Otti and His Excellency Senator Hope Uzodinma resolved to set up a joint security Taskforce that shall consist of Soldiers, Naval Personnel, Police Officers , DSS Personnel, and other Government Security Agencies.
“The joint security Taskforce shall, starting from tomorrow 5th December 2025, patrol the road 24 hours nonstop, while carrying out massive surveillance in the surrounding bushes using sophisticated drones and other modern security equipment.”
According to the statement, Governor Alex Otti commended the Governor of Imo State for arresting the criminals who carried out an attack on His advanced team and other passengers a few days ago.
“The two Governors, while assuring citizens plying the road on a daily basis and those returning home for Christmas of their safety and security, warn that there would be severe consequences for any criminal caught on the road going forward”, Ekeoma concluded.
President Bola Tinubu has transmitted to the senate two lists of 34 career and 31 non career ambassadors nominees for screening and confirmation.
Prominent names listed as non career ambassadors include Reno Omokri, Femi Fani-Kayode, Gen. Abdulrahman Dambazau, Victor Ikpeazu and Ifeanyi Ugwuanyi.
Also listed as non career ambassadors nominees are Prof. Mahmood Yakubu, Vice Admiral Ete Ibas, Senator Jimoh Ibrahim, Senator Nora Daduut, Fatima Ajimobi, and Senator Ita Enang among others.
The two lists brings to 68 number of persons nominated so far as ambassadors awaiting confirmation by the Senate.
PRESIDENT TINUBU’S TRIBUTE TO CENTENARIAN ALHAJI TANKO YAKASAI
I’m still in PDP – Wike replies Turaki, dismisses expulsion
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