President Tinubu and UK PM Keir Starmer Sign £746m Agreement to Modernize Nigerian Ports
In a landmark move to boost Nigeria’s maritime infrastructure, President Bola Ahmed Tinubu and United Kingdom Prime Minister Keir Starmer have witnessed the signing of a £746 million financing agreement in London.
This strategic deal, involving UK Export Finance, the Nigerian Ports Authority (NPA), and the Federal Ministry of Finance, is aimed at the total rehabilitation of the Lagos Port Complex (Apapa Quays) and the Tin Can Island Port Complex.
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According to a statement by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, the high-level talks held on Thursday are expected to catalyze further cooperation in trade, investment, and defense. The modernization of these ports is seen as a critical step in President Tinubu’s agenda to attract foreign investment and drive infrastructure-led economic growth.
The visit also included a royal reception at Windsor Castle, where President Tinubu and First Lady Oluremi Tinubu were received by King Charles III and Queen Camilla. The Nigerian delegation featured top officials including Senate President Godswill Akpabio and Finance Minister Wale Edun.
"The discussions underscore Nigeria’s commitment to strengthening ties with the UK... promoting infrastructure-driven economic growth," the presidency noted.
Beyond the maritime sector, the visit has opened doors for new Memoranda of Understanding (MoUs) across multiple industries, including communications, digital economy, and cultural partnerships, marking a new chapter in the bilateral relations between the two nations.
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