Tinubu Seeks Stronger Nigeria UK Trade Ties As FG Signs £746M Port Modernisation Deal

President Bola Tinubu on Thursday called for deeper trade and economic cooperation between Nigeria and the United Kingdom, as both countries sealed a £746 million agreement to refurbish two major ports in Lagos.

The President made the call during a meeting with UK Prime Minister Keir Starmer at 10 Downing Street, where both leaders reaffirmed their commitment to strengthening bilateral relations.

Describing his state visit as historic, the first by a Nigerian leader to the UK in 37 years, Tinubu said the trip marks a significant step in reinforcing longstanding ties between the two nations.

“We cannot forget the institutional development we have enjoyed over the years,” Tinubu said ahead of bilateral talks, noting that discussions would span trade, economic reforms, climate change, terrorism, and broader global challenges.

He emphasised that Nigeria is currently undergoing major economic reforms and expressed optimism about collaborative efforts to improve citizens’ welfare.

“The entire world is facing challenges, and Nigeria is not immune. My priority remains the economy and the welfare of our people, and how we can work together to improve livelihoods,” he said.

In his remarks, Prime Minister Starmer described the visit as historic and highlighted the significance of the State Banquet hosted by King Charles III in honour of the Nigerian delegation.

He reaffirmed the UK’s appreciation of its enduring relationship with Nigeria, pointing to strong people to people ties and ongoing collaboration in the economy, defence, and security sectors.

Starmer added that new agreements on exports and business exchanges reflect a shared commitment to deepen cooperation and expand engagement on global issues.

At Lancaster House, President Tinubu and First Lady Oluremi Tinubu witnessed the formal signing of the £746 million agreement for the modernisation of infrastructure at the Apapa and Tin Can Island ports in Lagos.

The agreement was signed on behalf of Nigeria by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, while Blair McDougall signed on behalf of the British government.

Edun said the deal aligns with Nigeria’s priorities in infrastructure, energy, and industrial development, noting that stronger bilateral partnerships would attract critical investments needed to stimulate economic growth, create jobs, and reduce poverty.

He added that the agreement reflects growing confidence and mutual trust between both nations, as well as a shared commitment to delivering tangible economic benefits for their citizens.