Country
Nigeria
Sector
Infrastructure
Intelligence Type
Procurement
Status / Stage
Planned
Confidence
Confirmed
Latest Development
Port redevelopment contract for the Apapa and Tin Can Island port complexes, reported to have gone to Hitech Nigeria and ITB Nigeria alongside the UKEF-backed financing agreement.
Procurement Details
Procurement TypeWorks
Procurement MethodOpen Tender
Buyer TypeGovernment
Funding SourceUK Export Finance (UKEF) Buyer Credit Facility via Citibank N.A.
Key Issues / Risks
Africa Intelligence reported the contract went to ITB Nigeria, a firm owned by Gilbert Chagoury, a businessman with reported close ties to the presidency; full construction scope not yet public.
Latest Development (Detail)
£746m financing agreement formally signed 19 Mar 2026; £70m, 120,000-tonne steel supply sub-contract awarded to British Steel.
Stakeholder Intelligence
Procuring EntityFederal Ministry of Finance / Federal Ministry of Marine and Blue Economy
Winning Bidder / ContractorHitech Nigeria; ITB Nigeria
Other Bidders / ParticipantsNone disclosed — no open competitive tender reported
Capital & Financing Intelligence
Contract ValueUSD 990000000
Procurement & Contract Outlook
Related ProjectApapa & Tin Can Island Port Modernisation
Commercial Opportunity Intelligence
Commercial ReadinessVery Early