ADC criticises £746m Nigeria-UK port deal

The African Democratic Congress (ADC) has criticised a £746 cardinal larboard rehabilitation statement signed betwixt Nigeria and the United Kingdom during the caller sojourn of President Bola Tinubu to London, describing the woody arsenic a “mugu agreement” that allegedly favours the British system portion saddling Nigeria with important indebtedness obligations.

In a connection issued connected Sunday by its National Publicity Secretary, Bolaji Abdullahi, the absorption enactment argued that the deal, intended to enactment the rehabilitation of the Tin Can and Apapa ports successful Lagos, mostly benefits the UK’s manufacturing assemblage alternatively than Nigeria’s economy.

The enactment said the authorities had portrayed the statement arsenic a diplomatic occurrence but insisted that the statement is fundamentally a commercialized indebtedness structured to guarantee that overmuch of the backing returns to the UK done procurement of British goods and services.

“Although the APC authorities has tried to hoodwink Nigerians by portraying the statement to rehabilitate the Tin Can and Apapa Ports successful Lagos arsenic a diplomatic success, it is, successful reality, a commercialized indebtedness statement with conditional...