President Bola Tinubu has reportedly secured a fresh $600 million investment pledge for Nigeria’s ports infrastructure from APM Terminals, a global port operator.
Sunday Dare, special adviser to the president on media and public communications, spoke with journalists on Wednesday on the sidelines of the Africa CEO Forum in Kigali, Rwanda.
Dare said the investment commitment came during Tinubu’s meeting with APM Terminals, a ports development company currently operating in Nigeria until 2031.
He said Tinubu’s engagements at the event focused on attracting investments into key sectors, including energy, housing, transportation, infrastructure, and mining.
Tinubu, according to the presidential aide, also met with the leadership of the International Finance Corporation (IFC) to discuss investment opportunities in Nigeria’s energy and infrastructure sectors.
“At that meeting, they announced interest in investing another $600 million,” Dare said of the discussion with APM Terminals.
He said the IFC plans to send a mission to Nigeria to further discussions around energy and power projects.
The presidential aide said investors in the solid minerals sector, who have operated in Guinea for about a decade, also expressed interest in expanding into Nigeria through an integrated investment model covering mining and infrastructure.
Tinubu was also said to have met with Mamady Doumbouya, where discussions centred on strengthening bilateral cooperation between Nigeria and Guinea.
According to Dare, the Guinean president invited Tinubu for a future state visit.
“Guinea has a lot of potential in metals and other minerals, so the horizon for partnership between Nigeria and Guinea has been opened. The possibilities are great,” he said.
Dare said the growing investor interest in Nigeria reflects confidence in the country’s ongoing economic reforms.
“Investors are showing strong interest in our country, and repeatedly they have said that because of the success of the reforms, they now have confidence in the Nigerian economy and see stability returning,” he said.
The media aide said the engagements and memoranda expected from the meetings would translate into investments capable of creating jobs, boosting tax revenues, and stimulating broader economic growth.
