Nigeria and UK Agree £746m Deal to Modernize Apapa and Tin Can Ports

Nigeria and the United Kingdom have agreed a £746 million export finance package to upgrade two key ports in Lagos. The deal was sealed at Downing Street during talks between Prime Minister Keir Starmer and President Bola Tinubu. Under the arrangement, UK Export Finance will guarantee loans for the refurbishment of the Apapa and Tin Can Island port complexes. Citibank will coordinate the financing, supporting improved cargo handling and boosting trade capacity. This partnership aims to relieve congestion at Nigeria’s busiest ports and strengthen bilateral economic ties.

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