Skip to content
Konect Plus — Africa–UK Business Gateway
News & Updates

News & update

UK Export Finance guarantees £746m for Nigerian port redevelopment

A UK-backed financing agreement supports refurbishment of major Lagos port facilities and contracts for UK suppliers.

A 19 March 2026 UK government announcement described a £746 million financing arrangement for rehabilitation works at the Lagos Port Complex and Tin Can Island Port Complex. UK Export Finance said the project would direct at least £236 million in supplier contracts to British businesses, including an order for British Steel. This is a completed financing announcement, not an open procurement notice.