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.
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
£746m financing agreement formally signed 19 Mar 2026; £70m, 120,000-tonne steel supply sub-contract awarded to British Steel.
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