Denmark has pledged $1.2 billion in investments to modernize and expand Nigeria’s port infrastructure, highlighting growing foreign confidence in Africa’s largest economy. The announcement was made during a meeting in Abuja between Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, and Denmark’s Ambassador to Nigeria, Jens Ole Bach Hansen, as part of efforts to strengthen bilateral cooperation in the maritime sector, Business Insider Africa reported.
The investment will primarily flow through APM Terminals, which operates at Nigeria’s Apapa and Onne ports, supporting initiatives to improve port efficiency, security, and overall performance. Officials noted that the commitment reflects Denmark’s long-term confidence in Nigeria’s maritime reforms and the country’s broader ambitions to develop its blue economy.
Ambassador Hansen also highlighted opportunities for collaboration beyond ports, including renewable energy, green maritime technologies, and wider marine infrastructure projects. Nigerian authorities welcomed the pledge, emphasizing their dedication to fostering a favorable investment climate and attracting sustainable foreign capital to support the nation’s maritime and economic growth.
