Tinubu to Witness £746m UK Deal Targeting Apapa, Tin Can Ports
President Bola Ahmed Tinubu is expected to witness the signing of a £746 million deal between Nigerian authorities and UK partners aimed at upgrading key port infrastructure in the country.
The agreement is focused on improving operations at the Apapa Port and Tin Can Island Port, two of Nigeria’s busiest and most strategic maritime hubs.
The deal is expected to drive modernization efforts at both ports, enhancing efficiency, reducing congestion, and improving cargo handling capacity.
These ports serve as critical gateways for imports and exports in Nigeria, making their upgrade vital to the country’s economic growth.
The investment highlights growing economic collaboration between Nigeria and the United Kingdom, particularly in infrastructure development.
Officials say the partnership is part of broader efforts to attract foreign investment into Nigeria’s transport and logistics sectors.
Apapa and Tin Can ports have faced persistent challenges over the years, including traffic congestion, delays in cargo clearance, and aging infrastructure.
The new deal is expected to address these issues by introducing modern systems and improved operational frameworks.
Experts believe the project could significantly boost trade efficiency, lower logistics costs, and enhance Nigeria’s competitiveness in global trade.
Improved port operations are also expected to ease pressure on businesses that rely heavily on timely import and export processes.
