By Fatima Saka
President Bola Ahmed Tinubu has called for deeper trade and economic cooperation between Nigeria and the United Kingdom, as both countries signed a £746 million agreement to refurbish two major ports in Lagos.
The deal, finalised during Tinubu’s meeting with UK Prime Minister Keir Starmer at Downing Street, will focus on the modernisation of the Apapa Port and Tin Can Island Port—key gateways for Nigeria’s maritime trade.
Describing his state visit—the first by a Nigerian leader to the UK in 37 years—as “significant,” Tinubu said both nations must build on their longstanding ties through expanded trade, investment, and economic collaboration.
“We cannot forget the institutional development we have enjoyed over the years,” the President said, noting that discussions with the British government covered trade, economic reforms, climate change, terrorism, and other global challenges.
Tinubu emphasised that Nigeria’s ongoing economic reforms are central to improving citizens’ welfare, adding that global economic pressures make international partnerships even more critical.
“The economy and the welfare of our people remain my priority, and we must work together to improve livelihoods,” he stated.
In his remarks, Starmer described the visit as historic and reaffirmed the UK’s commitment to strengthening its relationship with Nigeria. He highlighted existing cooperation in trade, defence, and security, noting that new agreements on exports and business exchanges signal a shared resolve to deepen engagement.
The £746 million ports modernisation agreement was later witnessed at Lancaster House by President Tinubu and First Lady Oluremi Tinubu. Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, signed on behalf of the Federal Government, while UK Minister Blair McDougall represented the British government.
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Edun said the agreement aligns with Nigeria’s priorities in infrastructure, energy, and industrial development, stressing that stronger bilateral partnerships would attract investment, boost economic activity, and create jobs.
He added that the deal reflects growing confidence and mutual trust between both countries, as well as a shared commitment to delivering tangible economic benefits.
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