Nigeria, UK Sign £746 million Financing Deal On Modernization of Ports Facilities In Lagos - EDU-BIZNEWS

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Thursday, March 19, 2026

Nigeria, UK Sign £746 million Financing Deal On Modernization of Ports Facilities In Lagos



President Bola Ahmed Tinubu has witnessed the signing of a £746 million financing agreement between Nigeria and United Kingdom 

The deal was signed in London between Nigeria’s Ministry of Finance, led by Wale Edun, and Citi Bank.

The agreement signed in the United Kingdom on Thursday is aimed at modernising Apapa and Tin Can Island ports in Lagos, the nation's commercial city 

The deal also aims at easing congestion, improving efficiency, and strengthening Nigeria’s trade capacity

This comes on the sidelines of the two-day visit by Tinubu to the UK.

The President and his wife, Oluremi, who arrived on Tuesday, were given ceremonial military honours with gun salutes.

They were received by King Charles III, who also organised a state banquet in their honour on Wednesday evening.

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