Oyetola Unveils Historic £746m UK Deal for Nigeria’s Biggest Port Upgrade in 50 Years

The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, has unveiled a landmark £746 million financing agreement with the United Kingdom that will deliver the most ambitious modernisation of Nigeria’s seaport infrastructure in nearly half a century, transforming the country’s principal maritime gateways and repositioning its port system for global competitiveness.

The historic financing arrangement, secured with the backing of UK Export Finance (UKEF), will fund the comprehensive modernisation and upgrade of the Lagos Port Complex Apapa, popularly known as Apapa Port, and the Tin Can Island Port Complex in Lagos. Together, the two ports handle more than 70 per cent of Nigeria’s imports and exports, and serve as the central arteries of the nation’s maritime trade.

The landmark financing agreement will be formally signed during the high-profile state visit of President Bola Ahmed Tinubu to London on March 18 and 19, 2026, signalling a deepening of strategic economic cooperation between Nigeria and the United Kingdom while opening a new chapter in Nigeria’s maritime development.

Ardo  Zubairu 
National Secretary 
Renewed Hope: Tinubu Re- Election Project 2027 . Office Phones: 
08033305195
08098885195
07033454053

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