King Charles and President Tinubu with their spouses
Britain and Nigeria announced a 746 million pound ($990.32 million) export finance deal on Thursday to fund the redevelopment of two of Nigeria’s main trading ports.
UK Export Finance will guarantee the investment in the refurbishment of the Lagos Port Complex and the TinCan Island Port Complex.
– The loan will be coordinated and arranged by Citibank.
– The deal is expected to result in 236 million pounds of supplier contracts for British firms.
– Deal comes during Nigerian President Bola Tinubu’s state visit to Britain.
REUTERS
