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Nigeria signs £746m financing agreement with UK to modernise Lagos ports

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    President Bola Ahmed Tinubu on Thursday, witnessed the signing of a £746 million financing agreement in London, United Kingdom (UK) is aimed at modernising Apapa and Tin Can Island Ports in Lagos.

    The agreement signed in the UK between Nigeria’s ministry of finance, led by Wale Edun, and Citi Bank.

    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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