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Robert Maersk Uggla met Nigerian president Bola Tinubu over the weekend, but no new investment deal was signed

Nigerian president Bola Tinubu claims to have secured an investment of $600m from Danish shipping and logistics giant Maersk, but that appears to be news to Maersk

A $600m investment into Nigeria’s port sector from Maersk, announced personally by the West African state’s president Bola Tinubu on Sunday, appears to be less solid than the government initially claimed.

Despite a presidential statement from Tinubu detailing how he had secured the purported investment during a World Economic Forum meeting in Riyadh over the weekend, Maersk officials have confirmed that no such agreement is in place and no deals have been signed.

The Nigerian government statement detailed how 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”.

But according to Maersk, that 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 develop 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.”

Maersk is due to report first-quarter results on Thursday, meaning that management are in a regulatory quiet period limiting what they can say publicly about the company’s activities.

Nigeria has promised to revamp its ports, including in the commercial capital Lagos, to ease congestion.

Tinubu’s statement explained that his government would support the modernisation and automation of its ports to improve trade, reduce corruption and boost efficiency. He claimed that the purported Maersk investment would “complement the administration’s ongoing $1bn investment in seaport reconstruction across the eastern and western seaports of Nigeria”.

“A bet on Nigeria is a winning bet. It is also a bet that rewards beyond what is obtainable elsewhere,” he said. “We need to encourage more opportunities for revenue expansion and minimise trans-shipments from larger ships to smaller ships.”

https://www.lloydslist.com/LL1148989/Maersks-reported-$600m-investment-in-Nigeria-is-news-to-Maersk

Look at the Nigerian government that people like Helinues, Yarimo, Seunmsg, Madridguy LegendHero Paraman Freestyle Trutharena are defending. Just look at how they are disgracing honest Nigerians and spoiling our names globally.

Bayo Onanuga has deleted the $600m post 😂

Such a global disgrace!!

The lies can even prevent investment. Investors will say "na so una dey do?" Count me out

It's official: We have an old liar, crook and ex-druglord running this country.

Identity fraud na small thing for Thiefnibuu.

Person way the parade fake name, parade fake Bishops, finish secondary school before the school come into existence, na fake Oyibos to pose as Maersk go hard am?

Nigerians don't know what they got themselves into with this world's renowned Anini and Escobar all in one.

P.s

Person just remind me of the young Donald Duke, way Thiefnibuu follow steal him identity. Chai!

SoNature:
It's official: We have an old liar, crook and ex-druglord running this country.

But it's Me and Obidients that are Wishing Tinubu to Fail 😩

Somebody wey thief Donald duke's picture present am as his own. You no fear that kind person?

This man started stealing and lying from the womb. He is world's most prolific criminal.

Let his foolish bastards defending his Wickedness against Nigerians come here and defend this.

The Indian investment worth 44 million dollars, how far naa?

Kai, we don suffer for this country. Eh, president they lie like small pikin. I weak oh.🤔🤔


Where is Bayo Onanugoat the chief propagandist whom tweeted this news?

Even the company (MAERSK) itself is surprised over the news

This is highly embarrassing.

Wasting tax payers money traveling up and down without achieving anything.

They always use propaganda and fake news to deceive their babablu supporters on FDI deals.

Lai Lai Mohammed government.

Imagine government begging for investment. It is finished.

If nah you, will you invest in a country begging for investment?

baliyubla:
Identity fraud na small thing for Thiefnibuu.

Person way the parade fake name, parade fake Bishops, na fake Oyibos to pose as Maersk go hard am?

Nigerians don't know what they got themselves into with this world's renowned Anini and Escobar all in one.

You didn't add that they used the picture of little Former Governor Donald Duke as that of Escobar when he was a little boy for his campaign until Donald Duke exposed them.

Escobar has no real name, no siblings, unknown age, unknown primary school, no childhood pictures, etc. Is he a ghost? Someone like that can only lead a country like Nigeria, a country where anything goes.

Gbajue government of APC but Prof Gbajue won't comment, his only problem in Nigeria is Peter Obi/LP.

I don't understand how a govt that comfortably destroyed a 200 million dollar investment is hoping for a 250 million dollar investment and lying about a 600 million dollars investment and is about disrupting a 700illion sector.

Is it a government of destroy what you you have and seek for what do you don't have...

This regime is worse than that of the rule of the 30 tyrants in Athens...

Ha!!!

Wahala ! These Caucasians be doing in Africa Nigeria, what they can't try in their own countries. Let a black man, especially a Nigerian do this in their soil and see how they seize the opportunity to deal and paint us black mercilessly. Well, na our people (for always choosing the leaders) and government I go blame...

oh no! Not again, please.
This is terribly embarrassing.

That's a fraudulent act.

Maersk dun quickly deny Tinubu govt wey wan dey use Dem run propaganda for Nigeria 😂

What manner of fuckery is this?

This is cluelessness in high places.

Yarimo
Helineus
Come outside
Come and defend your failure of a president.

What do you expect from the corrupt propagandist? Someone who had been using the Lagos-owned airport and 4th mainland bridge to campaign for nearly 30 years now, on approaching every election time in Lagos. The airport, we no see, the 4th mainland bridge, we no see. We only see them in 3Ds ,8Ds etc.

By the way, has the UAE visa ban been lifted now?

What of the Qatar's investors coming to Nigeria? Are they here already?

Anyone who believes the coastal road will exceed 2 states in his tenure must still be under the bondage of his lies. The lagos-ibadan expressway, that is less than 200km, which Jonathan started is yet to be completed, 9 years after. That coaster road project, after being awarded to Tinubu's company called hitech, won't be completed in 3 decades.

APC and their gullible slaves are on a mission to destroy what is left in Nigeria.

It shall never be well with APC and their agbado munching ret@Rd shameless followers.

Lies may seem like a way to protect yourself, but karma will make sure you pay the price, you wicked old goat

Id you still support this government at this stage, it means something is wrong with you.

APC, PDP & LP all na scam

Height of stupidity

What is wrong with Nigeria?

The land or the stupid leaders or the citizens?

WHAT MANNER OF GLOBAL EMBARRASSMENT IS THIS?

Bayo should be more careful. The MAERSK CEO nodding to Tinubu's sweet talk doesn't mean definite agreement neither does 'I will invest' mean the MAERSK board of directors has approved the investment yet

Audio investments gone wrong.


Opamoses1 (Reno Omokiri), we are waiting for your damage control.

Propaganda has a very short expiry date... You can't sustain an administration on needless lies.

I will never understand why you guys think Hope is all Nigerians need to survive this regime.


Hope deferred makes the heart sick, but there is nothing as dangerous and vile as lies coated with Renewed Hope.


I just dey observe all of una, both leaders and citizens.

Am ashamed.

Ok ooo

Government of propaganda. Propaganda doesn't grow a nation

Audio $600m investment

Only the gullible still believe in Tinubu and APC
This propaganda will favour you all ooooooooooooooo

"Na Peter Obi and OBIdients cause am. They didn't want the investment to come. They just want to see Tinubu fail". You will soon see APC boys saying so.