Tinubu’s UK Visit Will Secure £746m Port Deal — APC

The Lagos State chapter of the All Progressives Congress (APC) has expressed confidence that President Bola Ahmed Tinubu’s official visit to the United Kingdom will boost Nigeria’s economic outlook and pave the way for a £746 million port financing deal.

In a statement issued on Wednesday, the party’s spokesperson, Seye Oladejo, said the trip is expected to deepen economic diplomacy and drive key infrastructure projects, especially within the maritime sector.

The APC noted that the visit will facilitate and formalise a £746 million financing arrangement involving UK Export Finance, the Nigerian Ports Authority (NPA), and the Federal Ministry of Finance, aimed at rehabilitating major seaports across the country.

According to the party, the agreement will prioritise the upgrade of two major facilities, the Lagos Port Complex (Apapa Quays) and the Tin Can Island Port Complex, with the goal of modernising port infrastructure and enhancing trade operations.

It described the initiative as a major milestone in positioning Nigeria as a leading maritime hub in West Africa, while also stimulating economic growth.

The party added that the visit highlights the administration’s resolve to strengthen international partnerships in line with 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 development, 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 partner and a vital ally in Nigeria’s development efforts.

It expressed optimism that the outcomes of the visit would attract increased foreign direct investment, enhance bilateral trade ties, and generate employment opportunities for citizens.

The party also pointed to President Tinubu’s history of leveraging international partnerships for development during his time as governor of Lagos State, noting that his current diplomatic engagements reflect that experience.

It urged Nigerians to see the visit as part of a broader nation-building strategy anchored on economic diplomacy, stressing that sustained global engagement is key to long-term prosperity.

The APC reaffirmed its belief that the visit will further strengthen Nigeria’s economic prospects and elevate its standing on the global stage.