President Bola Ahmed Tinubu has secured a £746 million agreement with the United Kingdom to modernise the Apapa and Tin Can Island ports in Lagos, marking a major step in strengthening economic cooperation between both countries.
The deal was finalised during his meeting with British Prime Minister Keir Starmer at 10 Downing Street. The project aims to upgrade critical maritime infrastructure, improve port efficiency, and boost Nigeria’s position in global trade.
Describing the agreement as a significant milestone, President Tinubu said it would enhance bilateral trade relations and unlock key infrastructure needed to improve Nigeria’s economic competitiveness. He emphasised the importance of building on longstanding institutional ties between Nigeria and the UK while expanding trade, investment, and sustainable partnerships in a rapidly evolving global economy.
The president noted that discussions with the British government extended beyond infrastructure to include economic reforms, climate change, security, and other global challenges. He stressed that Nigeria, like other nations, is affected by global economic pressures and requires coordinated international efforts to address them.
Prime Minister Starmer, in his remarks, described the visit as historic, underscoring the strength of Nigeria–UK relations and a shared commitment to future collaboration. He also highlighted the significance of the State Banquet hosted by King Charles III as a symbol of enduring diplomatic ties.
Starmer praised the contributions of Nigerians in the UK and reaffirmed ongoing cooperation in trade, defence, and security, noting that the new agreement would further expand economic opportunities for both countries.
The formal signing ceremony took place at Lancaster House, where Nigeria’s Finance Minister, Wale Edun, signed on behalf of Nigeria, while UK Minister Blair McDougall represented the British government.
Edun stated that the agreement aligns with Nigeria’s infrastructure and economic priorities under the Renewed Hope Agenda. He added that the partnership would help attract investment, stimulate economic growth, create jobs, and reduce poverty.
He further noted that upgrading the Apapa and Tin Can Island ports would enhance logistics, improve operational efficiency, and position Nigeria as a key hub for regional and international trade, reflecting growing trust and confidence between both nations.
