President Bola Tinubu is expected to sign a significant £746 million agreement during a high-level meeting with United Kingdom Prime Minister Keir Starmer, marking a major step in strengthening economic and diplomatic relations between both countries.
The proposed deal, which involves UK Export Finance, the Nigerian Ports Authority, and Nigeria’s Ministry of Finance, forms part of broader agreements covering trade, investment, defence, and cultural cooperation.
A key component of the visit is the £746 million financing package targeted at the rehabilitation and modernization of two major seaports in Nigeria—the Lagos Port Complex in Apapa and the Tin Can Island Port.
The planned upgrades are expected to improve port efficiency, enhance trade operations, and support broader economic growth in Nigeria.
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Government officials described the initiative as a strategic move to strengthen critical infrastructure while attracting foreign investment into key sectors of the economy.
Earlier during the visit, President Tinubu and First Lady Oluremi Tinubu were hosted by King Charles III and Camilla at Windsor Castle, highlighting the diplomatic importance of the state visit.
The Nigerian delegation also included senior government officials such as Senate President Godswill Akpabio, alongside key ministers and security chiefs.
The administration emphasized that the visit reflects its ongoing efforts to attract foreign investment, improve national infrastructure, and deepen international partnerships to drive sustainable economic development.
