{
  "id": 6394952,
  "title": "APM Terminals moves to develop Badagry deep seaport",
  "url": "https://urgent.news/2026/09/09/apm-terminals-moves-to-develop-badagry-deep-seaport",
  "topic": "world",
  "section": "World",
  "published": "2026-09-09T05:16:54.000Z",
  "source": {
    "name": "Daily Trust",
    "slug": "daily-trust",
    "url": "https://dailytrust.com/apm-terminals-moves-to-develop-badagry-deep-seaport/"
  },
  "original_language": "en",
  "account": "APM Terminals, a division of A.P. Moller–Maersk, has entered into an agreement with Badagry Port Development Limited to develop a proposed deep-seaport in Lagos, Nigeria. This move, signed on September 7, 2026, in Copenhagen, could significantly enhance Nigeria's standing in West African maritime trade. Vincent Clerc, CEO of APM Terminals, and Didi Ndiomu, Managing Director of Badagry Port Development Limited, signed the Memorandum of Understanding (MoU). The deal was facilitated by Minister of Marine and Blue Economy, Adegboyega Oyetola, who led a government delegation to Denmark for enhanced maritime cooperation. Oyetola emphasized that partnering with global terminal operators like APM Terminals is crucial to achieving President Bola Ahmed Tinubu's vision of Nigeria as West Africa's leading trade and logistics hub. The Badagry Deep-Seaport project is expected to introduce substantial deepwater capacity to Nigeria's port network, enabling the country to accommodate larger container vessels and handle rising cargo volumes. This could also alleviate congestion in existing city ports, providing a new gateway for international cargo and facilitating shipments to other West and Central African markets. APM Terminals' Managing Director, Africa & Europe, Igor van den Essen, believes that developing Badagry alongside their existing concessions at Apapa and Onne will significantly bolster Nigeria's trade competitiveness. The company is also exploring the extension of its port concessions in Lagos, Apapa, and West Africa Container Terminal (WACT), Onne. Beyond serving Nigeria's domestic cargo market, the Badagry project is viewed as a potential regional transshipment hub, allowing larger vessels to call directly at Nigeria while redistributing cargoes destined for neighboring West and Central African markets. Currently, the MoU does not represent a final investment or construction agreement but sets an exclusive negotiation framework for the development of the greenfield port project.",
  "summary": "APM Terminals, a subsidiary of A.P. Moller–Maersk, has signed a Memorandum of Understanding (MoU) with Badagry Port Development Limited to advance the development of the proposed Badagry Deep-Seaport in Lagos, in a move that could reshape Nigeria’s position in West African maritime trade. The agreement, signed in Copenhagen on Monday, September 7, 2026, commits the […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}