West Africa: Nigeria, UK Seal £746m Deal to Rebuild Apapa, Tin Can Ports

Nigeria has secured a £746 million export finance agreement with the United Kingdom to support the redevelopment of Lagos’ Apapa and Tin Can Island port complexes.

According to a report by the BBC, the deal was finalised on Thursday during a bilateral meeting between UK Prime Minister Keir Starmer and President Bola Tinubu at Downing Street in London.

Under the agreement, UK Export Finance will guarantee loans for the refurbishment of the two major port facilities, with the financing structure to…