Tinubu’s UK Visit Expected to Secure £746m Financing for Lagos Ports — APC

The Lagos State chapter of the All Progressives Congress (APC) has praised President Bola Ahmed Tinubu’s official visit to the United Kingdom, highlighting its potential to drive Nigeria’s economic growth and secure a £746 million financing agreement for port infrastructure.

In a statement released on Wednesday, the party’s spokesperson, Seye Oladejo, said the visit is expected to deepen economic diplomacy and support critical infrastructure development, particularly in the maritime sector.

The APC noted that the trip will facilitate a major financing arrangement involving UK Export Finance, the Nigerian Ports Authority (NPA), and the Federal Ministry of Finance.

The £746 million agreement focuses on rehabilitating two key facilities: the Lagos Port Complex (Apapa Quays) and the Tin Can Island Port Complex, aiming to modernise operations and improve trade efficiency.

Describing the initiative as a pivotal step toward positioning Nigeria as a leading maritime hub in West Africa, the party said the project will also support broader economic growth.

“The President’s engagement in the United Kingdom provides a platform for high-level discussions with government officials, investors, and development partners on issues central to Nigeria’s growth, including infrastructure development, technology transfer, energy transition, education, security collaboration, and expanding opportunities for Nigerian businesses in global markets,” the statement read.

The Lagos APC also emphasised the United Kingdom’s role as a longstanding economic partner and key ally in Nigeria’s development agenda.

The party expressed confidence that the visit would attract foreign direct investment, strengthen bilateral trade, and create employment opportunities for Nigerians.

Highlighting President Tinubu’s track record of leveraging international partnerships during his tenure as Governor of Lagos State, the APC urged Nigerians to view the trip as a strategic move in economic diplomacy and national development.