On the occasion of the visit of Nigerian President Bola Tinubu in the United Kingdom, an agreement was signed yesterday in London to a £746 million loan provided through the UK Export Finance (UKEF) Export Credit Facility, coordinated by and managed by Citibank, for the restructuring of the two main ports of the African nation of Apapa and Tin Can Island in Lagos. On the British side, it was stressed that the agreement between the UKEF and the Nigerian Ports Authority will bring significant advantages to British companies, with supply contracts for at least £236 million for British companies. In British Steel will supply 120,000 tonnes of Steel Billets to Hitech Construction Enterprises Nigeria and ITB Nigeria for the port project, worth 70 million pounds, which represents the largest order of British Steel export guaranteed by UKEF. The initiative is part of the new steel strategy announced by the government London with the aim of revitalizing the steel sector.