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You are at:Home»Breaking News»Tinubu’s aide, Bayo Onanuga deletes tweet after Maersk, denied plans of investing $600m in Nigeria’s port sector
Breaking News

Tinubu’s aide, Bayo Onanuga deletes tweet after Maersk, denied plans of investing $600m in Nigeria’s port sector

DailyblastBy DailyblastApril 30, 2024002 Mins Read
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President Bola Tinubu’s aide, Bayo Onanuga has deleted his tweet after shipping giant, Maersk, denied plans of investing $600m in Nigeria’s port sector. 

In a statement released by the presidential media which Onanuga shared on X, it was claimed that the investment was secured during a World Economic Forum meeting in Riyadh over the weekend.

It was disclosed that A.P Moller-Maersk chairman Robert Maersk Uggla had discussed the investment with President Tinubu on the sidelines of a meeting discussing energy development and growth. The statement even included a direct quote attributed to Uggla saying: “We believe in Nigeria, and we will invest $600 million in existing facilities and make the ports accommodating for bigger ships”.

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However, Lloyds List, one of the world’s oldest continuously running journals, had reported that the claim appears to be “news” to Maersk officials. Maersk also stated such a deal does not exist. Company officials said while Uggla did meet the president, no such deal had been signed.

 

“Maersk has been present in Nigeria for 35 years and, as a global provider of logistics services, we remain committed to developing opportunities for growth to people, the port sector and businesses locally,” the company said in a statement to Lloyd’s List.

“Therefore, it is natural to have an ongoing dialogue with the administration. However, we are not able to comment on any investment talks.”

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