Lagos Port Modernisation

port

Cost

$1b
$990,000,000

planned

2028

Objective

"The modernisation and upgrading of Nigeria’s ports represents a major step forward for the country and aligns closely with the Federal Government’s commitment to unlocking the full potential of the marine and blue economy." Dr. Adegboyega Oyetola, Nigerian Minister of Marine and Blue Economy

Description

The £746 million sum will be used to support the refurbishment of two of Nigeria’s major national maritime infrastructure facilities located in Lagos, the Lagos Port Complex (Apapa Quays) and the TinCan Island Port Complex

Finance

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$1b loan
UK Export Finance
Bank

Operators

Contractors

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ITB
Company

Governing authorities

Sources

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