Nigeria and the UK have signed a £746 million deal to redevelop Lagos ports, strengthening trade ties and boosting Nigeria’s maritime infrastructure.
Nigeria and the United Kingdom have signed a £746 million export finance agreement to redevelop the Apapa and Tin Can Island port complexes in Lagos. The deal was finalised during a bilateral meeting between Bola Ahmed Tinubu and Keir Starmer at Downing Street as part of Tinubu’s ongoing state visit to Britain.
Speaking after the agreement, Tinubu said Nigeria is undergoing major economic reforms and emphasised the need for stronger trade partnerships, while also linking regional security challenges to climate change. Starmer described the visit as historic and noted that the agreement signals deeper economic cooperation between both countries.
The project, backed by UK Export Finance, is expected to modernise Nigeria’s key ports and strengthen its position as a major maritime hub in West and Central Africa. Officials added that the partnership will boost trade, improve infrastructure, and enhance economic ties between the two nations.
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