DP World Announces Ambitious Port Project In Nigeria During UNGA79 Discussions

DP World Announces Ambitious Port Project In Nigeria During UNGA79 Discussions

International maritime giant DP World has announced its intention to develop a multibillion-dollar port project in Nigeria. The announcement was made by Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, during a courtesy visit to Vice President Kashim Shettima at the ongoing 79th United Nations General Assembly in New York…….CONTINUE READING

According to a statement from Shettima’s spokesman, Stanley Nkwocha, this proposal aligns with President Bola Tinubu’s proactive investment strategy and efforts to enhance the ease of doing business in Nigeria. Sulayem highlighted the potential of the Nigerian market, stating, “Nigeria is a massive market with significantly underutilized potential. It has the capacity to lead this sector in Africa, given its vast assets and resources.”

He further elaborated that DP World’s extensive supply chain, which includes over 2,500 points of sale in Nigeria, will provide the necessary capital, human, and material resources to realize this ambitious project. Sulayem expressed confidence in the Nigerian economy, pointing to its substantial import and export market as a motivating factor for their investment.

Vice President Shettima welcomed the initiative, describing it as a testament to President Bola Ahmed Tinubu’s commitment to attracting foreign investments. He underscored the administration’s efforts to foster a more investor-friendly environment, stating, “Nigeria is open to investors from around the world. We are undergoing a comprehensive rejuvenation of our economic policies to create a free, fair, and sustainable market.”

Shettima assured investors of the government’s unwavering support and dedication to facilitating foreign investment and driving economic growth in Nigeria.