Lagos, Nigeria – The Lagos State chapter of the All Progressives Congress (APC) has said President Bola Ahmed Tinubu’s official visit to the United Kingdom will enhance Nigeria’s economic prospects and pave the way for a £746 million port financing agreement.
In a statement on Wednesday, the party’s spokesperson, Seye Oladejo, highlighted that the visit is expected to strengthen economic diplomacy and support critical infrastructure projects, particularly in the maritime sector.
The agreement, involving UK Export Finance, the Nigerian Ports Authority (NPA), and the Federal Ministry of Finance, will focus on rehabilitating two major ports: the Lagos Port Complex (Apapa Quays) and the Tin Can Island Port Complex. The initiative aims to modernize port infrastructure and improve trade efficiency, reinforcing Nigeria’s position as a key maritime hub in West Africa.
“The visit provides an important platform for high-level engagements with government officials, investors, and development partners on issues critical to Nigeria’s growth, including infrastructure development, energy transition, technology transfer, education, security collaboration, and opportunities for Nigerian businesses in global markets,” the statement read.
The APC noted that the United Kingdom remains a longstanding economic ally and development partner. The party expressed optimism that the outcomes of the visit would attract foreign direct investment, strengthen bilateral trade, and create jobs for Nigerians.
The statement further described Tinubu’s diplomatic outreach as a continuation of his record in leveraging international partnerships for development, referencing his tenure as Governor of Lagos State. The APC urged Nigerians to see the visit as part of broader nation-building and economic diplomacy efforts essential for long-term national prosperity.
