The Lagos State chapter of the All Progressives Congress (APC) has hailed President Bola Ahmed Tinubu’s official visit to the United Kingdom, saying it is poised to strengthen Nigeria’s economic prospects and facilitate a £746 million financing agreement for port development.
In a statement on Wednesday, the party’s spokesperson, Seye Oladejo, said the trip is expected to enhance economic diplomacy and support critical infrastructure, particularly in the maritime sector.
The APC noted that the visit would advance a £746 million financing deal involving UK Export Finance, the Nigerian Ports Authority (NPA), and the Federal Ministry of Finance. The agreement targets the rehabilitation of key port facilities, including the Lagos Port Complex (Apapa Quays) and the Tin Can Island Port Complex, aiming to modernise infrastructure and improve trade efficiency.
The party described the initiative as a major step toward strengthening Nigeria’s position as a maritime hub in West Africa and boosting national economic growth. It added that the visit reflects the administration’s commitment to expanding international partnerships as part of its broader economic reform agenda.
“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, energy transition, technology transfer, education, security collaboration, and opportunities for Nigerian businesses in global markets,” the statement read.
The Lagos APC further emphasised that the United Kingdom remains a longstanding economic ally and development partner. It expressed optimism that the outcomes of the visit would attract foreign direct investment, strengthen bilateral trade relations, and generate employment for Nigerians.
The party also highlighted President Tinubu’s history of leveraging international partnerships for development, recalling his tenure as Governor of Lagos State.
Tinubu’s UK Visit to Boost Nigeria’s Economy, Secures £746 Million Port Financing Deal
