The Federal Government has secured a landmark £746 million financing agreement with the United Kingdom to deliver the most ambitious modernisation of Nigeria’s seaport infrastructure in nearly 50 years. Backed by UK Export Finance (UKEF), the historic deal will fund the comprehensive upgrade of the Lagos Port Complex Apapa and Tin Can Island Port Complex, the nation’s two busiest ports, which together handle more than 70 per cent of Nigeria’s imports and exports. The financing agreement is scheduled to be formally signed during President Bola Tinubu’s state visit to London on March 18–19, 2026, marking a deepening of economic cooperation between Nigeria and the UK while opening a new chapter in the country’s maritime development. In a statement issued by his Special Adviser, Dr. Bolaji Akinola, the Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, described the arrangement as a transformative milestone for Nigeria’s port system, noting that the modernisation represents the f...