We never promised $600 million investment in Nigeria during meeting with Tinubu: Maersk CEO

Robert Maersk Uggla, chair of Danish shipping giant A.P Moller-Maersk, has denied signing any $600 million investment deal with the Nigerian government despite a Sunday press statement by President Bola Tinubu’s aide saying otherwise.
Mr Maersk met Mr Tinubu at a special session of the World Economic Forum in Riyadh, Saudi Arabia, last weekend, where the Nigerian leader asked the shipping mogul to complement his “administration’s ongoing $1 billion investment in seaport reconstruction.”
“We believe in Nigeria, and we will invest $600 million in existing facilities and make the ports accommodating for bigger ships,” State House quoted Mr Maersk as saying on Sunday.
However, contrary to a widely circulated statement by his media aide, Ajuri Ngelale, that Mr Tinubu secured a $600 million investment deal to expand seaport infrastructure, the Maersk group said no such deal existed.
“We are not able to comment on any investment talks,” the group told UK newspaper Lloyd’s List on Tuesday.
“Maersk has been present in Nigeria for 35 years and, as a global provider of logistics services, we remain committed to develop opportunities for growth to people, the port sector and businesses locally,” the Danish company told the newspaper.
“Therefore, it is natural to have an ongoing dialogue with the administration. However, we are not able to comment on any investment talks.”
The denial marks the latest in a trend of the Nigerian government parroting false claims about securing agreements with foreign entities.
Last September, the State House announced that Dubai had lifted a visa ban on Nigerians, but this turned out to be false.
Seven months after the announcement, Nigerians are still restricted from entering Dubai.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

States
Ebonyi government enforces strict regulations on mining
Mr Nkah warned the operators in the state that the government would no longer tolerate environmental degradation.

States
FRSC commences special operation to check road crashes in Ebonyi
Mr Asanya said that the operation would last from July 21 to July 23, from 7 a.m. to 1 p.m.

Anti-Corruption
U.S. indicts Okeoghene Udugba for money laundering, defrauding FWS
The U.S.-based Nigerian, Okeoghene Patrick Udugba, 45, of Frisco, Texas, was indicted by a federal grand jury.

States
Kwara lawyers issue seven-day strike notice over unmet demands
According to the lawyers, a three-day warning strike was embarked upon between October 27 and October 28, 2025.

Port Harcourt
Police condemn gruesome killing of four in Rivers community
The command’s spokesperson described the incident as unfortunate and disturbing.

States
Gov Sule sacks six commissioners in cabinet reshuffle
Mr Magaji added that the former commissioners would continue to be part of the government.





