The UK government has committed $997 million to refurbish Nigeria's Apapa and TinCan Island Port Complex in Lagos, a major infrastructure boost for Africa's largest economy. Announced during Nigerian President Bola Tinubu's visit to London, the funding comes via a UK Export Finance guarantee. These ports, handling over two-thirds of Nigeria's goods trade, are critical bottlenecks; Apapa, built during British colonial rule in the early 1920s, and TinCan, operational since 1977, suffer chronic delays.

The upgrade, coordinated by Citibank, aims to drastically reduce vessel turnaround and cargo dwell times, a key priority for Tinubu's administration alongside regional peers. Minister Adegboyega Oyetola called the project 'transformative', signaling a significant step towards addressing Sub-Saharan Africa's estimated $170 billion annual infrastructure deficit.