President Bola Ahmed Tinubu has announced a significant boost in Nigeria–United Kingdom relations with the signing of a £746 million agreement to modernise two major Lagos ports.

The deal, finalised during Tinubu’s meeting with UK Prime Minister Keir Starmer at 10 Downing Street, will fund the refurbishment of Apapa and Tin Can Island ports, critical hubs for Nigeria’s maritime trade.

Describing the agreement as a milestone, Tinubu said it would strengthen economic cooperation and unlock infrastructure needed to enhance Nigeria’s competitiveness. “This visit has been very thrilling and significant in strengthening bilateral relations between our two nations,” he said, highlighting the importance of expanding trade, investment, and long-term economic partnerships.

The president emphasised that both countries must build on decades of institutional collaboration while addressing global challenges such as economic instability, climate change, and security concerns. He noted that ongoing economic reforms in Nigeria remain central to discussions with the UK government. “My reaction is the economy and the welfare of the people and how we should work together to improve the livelihood of our people,” Tinubu stated.

Prime Minister Starmer described the visit as historic, reaffirming the UK’s commitment to deepening ties with Nigeria. He also highlighted strong people-to-people connections and acknowledged Nigerians’ contributions to British society.

The agreement was formally signed at Lancaster House, with Nigeria’s Minister of Finance, Wale Edun, signing on behalf of the country, while UK Minister Blair McDougall represented the British government.

Edun said the deal aligns with Nigeria’s infrastructure and economic priorities, noting that upgraded port facilities would improve efficiency, strengthen trade logistics, and position the country as a more competitive hub for regional and international commerce.