Starmer hosts Tinubu as UK, Nigeria seal £70m steel deal for Lagos ports

UK Prime Minister Keir Starmer connected Thursday received President Bola Ahmed Tinubu astatine Downing Street, arsenic some countries finalised a £70 cardinal alloy proviso statement to enactment the rehabilitation of 2 large ports successful Lagos.

Under the arrangement, British Steel volition supply astir 120,000 tonnes of alloy for the upgrade of the Lagos Port Complex and Tin Can Island Port Complex.

The proviso forms portion of a broader £746 cardinal redevelopment programme backed by the United Kingdom.

Starmer described the sojourn arsenic “historic,” noting that it marks the archetypal authoritative authorities sojourn by a West African person to the UK successful 37 years.

Speaking connected the engagement, Tinubu said discussions with his British counterpart would absorption connected strengthening commercialized and economical cooperation, arsenic good arsenic addressing issues specified arsenic coercion and clime change. Both countries are besides expected to formalise a Memorandum of Understanding aimed astatine expanding aboriginal commercialized and concern relations.

Funding for the larboard modernisation task is being supported by the UK Export Finance, which has guaranteed the loans.

The statement requires that astatine slightest 20 per cent of the contracts beryllium awarded to British fir...