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Federal Government announces landmark deal to upgrade national maritime infrastructure

The Federal Government has signed a £746 million financing agreement with the United Kingdom aimed at modernising Nigeria’s seaport infrastructure.

According to a statement by Bolaji Akinola, Special Adviser to the Minister of Marine and Blue Economy, the funding will support the refurbishment of major national maritime facilities, including the Lagos Port Complex (Apapa Quays) and Tin Can Island Port Complex.

The agreement is part of ongoing efforts to enhance efficiency, boost trade, and strengthen the country’s position in global maritime logistics. The government expects the modernisation project to create improved operational standards, reduce congestion, and attract increased foreign investment.

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Officials said the partnership underscores the strong bilateral ties between Nigeria and the United Kingdom and aligns with the nation’s broader economic and infrastructural development goals.

The Federal Government added that the project would contribute to sustainable growth in the maritime sector, generate employment, and position Nigeria as a hub for regional trade.