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Oyetola secures £746m financing deal with UK govt to upgrade, modernise Apapa, Tin Can ports.

Funso OLOJO, Editor 
The Minister of Marine and Blue Economy,  Adegboyega Oyetola, has unveiled a landmark £746 million financing agreement with the United Kingdom that will deliver the most ambitious modernisation of Nigeria’s seaport infrastructure in nearly half a century.
The deal is expected to transform the country’s principal maritime gateways and repositioning its port system for global competitiveness.
The historic financing arrangement, secured with the backing of UK Export Finance (UKEF), will fund the comprehensive modernisation and upgrade of the Lagos Port Complex Apapa, popularly known as Apapa Port, and the Tin Can Island Port Complex in Lagos.
Together, the two ports handle more than 70 per cent of Nigeria’s imports and exports, and serve as the central arteries of the nation’s maritime trade.
The landmark financing agreement will be formally signed during the high-profile state visit of President Bola Ahmed Tinubu to London on March 18 and 19, 2026, signalling a deepening of strategic economic cooperation between Nigeria and the United Kingdom while opening a new chapter in Nigeria’s maritime development.
The Minister described the financing package as a transformative milestone for the country’s port system, noting that the scale and scope of the modernisation project mark the first comprehensive overhaul of the facilities since their establishment.
The Lagos Port Complex Apapa, established in 1913, has for more than a century remained Nigeria’s oldest and busiest seaport, serving as the gateway for a vast proportion of the nation’s imports and exports.
The Tin Can Island Port Complex was later developed to complement Apapa and was officially commissioned on 14 October 1977.
Despite their strategic importance, neither facility has experienced a modernisation programme of this magnitude, making the initiative the most significant port upgrade undertaken by the Federal Government in almost fifty years.
According to Oyetola, the project forms a central pillar of the Federal Government’s broader agenda to unlock the vast economic potential of Nigeria’s marine and blue economy while restoring efficiency and global competitiveness to the country’s maritime infrastructure.
“This financing agreement represents a defining moment for Nigeria’s maritime sector,” the minister said.
 “For decades, Apapa Port and Tin Can Island Port have borne the weight of our national trade, yet their infrastructure has not kept pace with the scale and complexity of modern global shipping.
” What we are set to do is not merely an upgrade, but a comprehensive transformation that will bring our ports into alignment with international best practice.”
He emphasised that the partnership with the United Kingdom reflects a shared commitment to strengthening economic cooperation and advancing sustainable maritime development.
“Through this historic collaboration with the United Kingdom, we are laying the groundwork for a new era in the management and operation of Nigerian ports,” Oyetola said.
 “Modern infrastructure supported by digitalised and automated processes will significantly enhance efficiency, transparency and operational reliability.
* Our objective is clear: to create a port system that is modern, competitive and capable of serving as a strategic maritime hub for West and Central Africa.”
He said the modernisation programme will introduce advanced cargo-handling infrastructure, expanded port capacity and integrated digital systems designed to eliminate many of the operational bottlenecks that have historically slowed cargo movement through Nigeria’s busiest ports.
 Oyetola noted that once completed, the reforms will fundamentally reshape the operational landscape of Nigeria’s maritime gateways.
Vessel turnaround times are expected to decline significantly, while cargo dwell times within the ports will be sharply reduced as automated systems replace paper-based procedures and outdated manual processes.
“Efficiency at the ports is central to the health of the national economy,” he said.
 “By modernising our infrastructure and embracing digital technologies, we will enable faster clearance of imports and exports, reduce demurrage and logistics costs for businesses, and ensure a more predictable and transparent cargo movement system.
These improvements will not only ease trade but will also stimulate economic growth and generate increased revenue for national development.”
The Minister added that the transformation of the two port complexes will strengthen Nigeria’s strategic position within regional and global maritime networks, attracting greater shipping traffic and reinforcing the country as a vital gateway for trade across West and Central Africa.
“Our vision is to build a port system that reflects the aspirations of a modern and globally competitive Nigeria.
” The modernisation of Apapa and Tin Can Island ports is a bold and necessary step in that direction. It will enhance the efficiency of our logistics chain, deepen investor confidence and ensure that Nigeria’s maritime infrastructure is capable of supporting the nation’s long-term economic ambitions,” Oyetola added.
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Customs

Again, Apapa Customs intercepts, seizes two containers laden with Codeine syrup worth N3.4 billion

Funso OLOJO, Editor 
In what has now become a routine exercise, the Apapa customs command of the Nigeria Customs Service has once again intercepted harmful substance suspected to be Codeine syrup.
The latest seizure was made barely five days after the Comptroller-General of Customs (CGC), Bashir Adewale Adeniyi,  declared that Apapa Port is no longer a playground for smugglers or criminal syndicates hiding behind legitimate trade documentation
In a swift follow-up operation on Sunday, March 15th,  2026, the Command, in a joint collaboration with the National Drug Law Enforcement Agency (NDLEA), intercepted and seized two containers laden with a total number of 3,398 cartons (339,800 bottles) of Codeine-containing Syrup (CSP Codeine) carefully concealed in household utensils at the Apapa Port.
Cumulatively, the seizures have a Duty Paid Value (DPV) of Three Billion, Three Hundred and Ninety Eight Million, Naira (₦3,398,000,000.00) only.
The details of the seizures arevas follows:  a Container No. MRKU 3816476 found to contain 1,700 cartons (170,000 bottles) of CSP Codeine concealed with 38 cartons of pearl plating insulated casserole/5′ Bullet Insulated Hotspot and  Container No. TGBU 5399178 was found to contain 1,698 cartons (169,800 bottles) of CSP Codeine concealed with 36 cartons of pearl plating casserole.
 Both containers have been converted to seizure in accordance with the Nigeria Customs Service Act 2023 as amended.
Speaking on the latest interception, the Customs Area Controller (CAC) Apapa Area Command, Comptroller Emmanuel Oshoba, said the seizure serves as a clear demonstration of the Command’s unwavering commitment to the directives and vision of the CGC.
“This fresh seizure, coming just five days after the CGC’s visit and strong warning to criminal elements, is a direct response to his charge on us.
“We are fully aligned with the Service’s intelligence-led enforcement strategy and will continue to make Apapa Port extremely hostile to smugglers and drug traffickers,” he stated.
He commended the National Drug Law Enforcement Agency (NDLEA) for its seamless collaboration and unwavering support in the successful operation.
Comptroller Oshoba maintained that the Apapa Area Command remains steadfast in its resolve to protect public health, safeguard national security and facilitate only legitimate trade, in line with the CGC’s renewed emphasis on technology-driven operations and zero tolerance for smuggling activities.
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Aviation

FAAN resumes toll collection at Airports, adopts hybrid payment method 

Gloria Odion, Reporter
The Federal Airports Authority of Nigeria(FAAN) have resumed collection of toll at all its toll plazas located at the airports in the country, including Murtalar Mohammed International Airport, Lagos.
The toll suspension arose from the chaos which the new cashless payment method introduced by FAAN recently generated which resulted in long queues of motorists at these facilities.
This development has raised public outcry which necessitated the intervention of President Bola Ahmed Tinubu who directed the suspension of the cashless payment system.
However, the Minister of Aviation and Aerospace Development, Festus Keyamo, has directed the resumption of toll collection at all these plazas.
In a press statement by his Special Adviser on Media and Communications, Tunde Moshood, the Minister declared that a hybrid access gate payment should be adopted by FAAN at the toll gates located at the Airports in the country.
“Following the earlier suspension of the full cashless Access Gate payment system as directed by the President of the Federal Republic of Nigeria, President Bola Ahmed Tinubu due to the traffic gridlock it created, the Minister of Aviation and Aerospace Development met with officials of the Federal Airports Authority of Nigeria (FAAN) and senior officials of the Ministry.
“After reviewing the initial implementation and the operational challenges observed, the following decisions were reached:
” The Ministry has resolved to engage concessionaires in order to introduce a fully automated or electronic system at all access gates at our airports in order to fully and eventually eliminate cash payments.
” In the meantime, a hybrid payment system that accommodates both cash and card payments will resume at all airport access gates with effect from Friday, March 13, 2026.
” Motorists who already possess FAAN Go Cashless Cards may continue to use them until further notice.
“Other electronic payment options, including POS terminals and other approved digital channels, will also remain available.
“Members of the public and road users are encouraged to obtain and use the FAAN Go Cashless Card as the Authority continues to enhance and fully optimise the cashless payment system.
“This directive restores the previous access  gate payment arrangement whilst the Ministry continues to work on the fully automated or electronic system” the statement concluded.
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Headlines

NPA shines as Outstanding Agency of the Year 2025 at Champions newspaper Awards ceremony 

Funso OLOJO,  Editor 
The Nigerian Ports Authority (NPA) has won another award as the Outstanding Agency of the Year 2025 conferred on the agency by Champions Newspaper at its 2025 Awards ceremony held in Lagos.
Receiving the award on behalf of the Managing Director of the Authority, Dr. Abubakar Dantsoho, the General Manager, Corporate Affairs, Mr. Ikechukwu Onyemekara, described the award as recognition of Danthoso  vigorous leadership in implementing smart initiatives that align with the NPA’s vision to become the Maritime Logistics Hub for Sustainable Port Services in Africa.
The NPA MD highlighted the invaluable support of the Minister of Marine and Blue Economy, Adegboyega Oyetola, which he said has been instrumental in achieving these remarkable successes.
According Dantsoho, some of the key remarkable performances of NPA include sustained port efficiencies, which contributed  to Nigeria’s year-on-year trade surplus of ₦7.5 trillion and ₦6.7 trillion in Q2 and Q3 2025 (per NBS and NESG reports), driven mainly by exports via NPA platforms.
He also mentioned the successful execution of President Bola Ahmed Tinubu’s policy for crude and petroleum product sales in Naira, saving billions in FOREX, enhancing energy security, improving trade balance, and creating jobs.
Others include completion of Nigeria’s membership in the International Port Community System Association (IPCSA), paving the way for the National Single Window (NSW) project, technical guidance enabling a significant rise in transhipment cargo at Lekki Deep Seaport, serving landlocked neighbours and recovering cargo lost to competing ports.
Another achievement made under the leadership of Danthoso was his electorial victory as the President of the Port Management Association of West & Central Africa (PMAWCA), with Dr. Dantsoho also leading PAPC, boosting Nigeria’s diplomatic standing and securing re-admission to IMO Category C.
Champions Newspaper conferred the award in appreciation of NPA’s pivotal role as a leading trade facilitation platform driving national economic prosperity through Nigeria’s maritime endowments.
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