Nigeria and the UK have signed a £746 million deal to upgrade Lagos ports, strengthening trade and infrastructure during President Bola Ahmed Tinubu’s visit.
The United Kingdom and Nigeria have signed a £746 million ($990 million) export finance agreement to support the redevelopment of key port infrastructure in Nigeria.
The deal, announced during President Bola Ahmed Tinubu’s state visit to Britain, will fund upgrades at the Lagos Port Complex and TinCan Island Port, with financing guaranteed by UK Export Finance and arranged by Citibank.
Officials said the agreement will also generate significant contracts for British firms, including a £70 million deal for British Steel, boosting trade ties and supporting economic growth in both countries.
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