The Federal Government has announced that the long-awaited upgrade of Apapa Port and Tin Can Island Ports will begin in the second quarter (Q2) of 2026.
However, The project, expected to span 48 months, aimed at modernizing two of Nigeria’s busiest and most critical trade gateways in Lagos.
£746 Million UK-Backed Financing Deal
Also, The upgrade follows a £746 million export finance agreement signed between Nigeria and the United Kingdom on March 19.
Under the deal, UK Export Finance (UKEF) will guarantee loans used to fund the refurbishment of the port complexes. This financing structure expected to ease funding constraints and accelerate the execution of the project.
Boost for Trade and Economic Growth
The redevelopment will focus on improving port infrastructure, easing congestion, and increasing cargo handling capacity.
Although, Apapa and Tin Can Island ports currently handle a significant share of Nigeria’s imports and exports. But have long struggled with inefficiencies, delays, and outdated facilities.
Upgrading them expected to enhance trade efficiency, reduce logistics costs, and attract more international shipping activity.
A Step Toward Modern Port Systems
The project is part of broader efforts by the Federal Government to modernize Nigeria’s transport and logistics ecosystem.
With improved infrastructure and better operational efficiency. The ports are expected to support economic growth and strengthen Nigeria’s position as a key trade hub in West Africa
If delivered as planned, the port upgrade could transform Nigeria’s maritime sector. And significantly improve the flow of goods in and out of the country.
