Former Nigerian education minister Oby Ezekwesili has demanded the termination of a £746 million ports upgrade financing deal between Nigeria and the UK. The agreement, signed in 2016, aims to modernize key ports in Lagos and Calabar. Ezekwesili raised concerns over transparency and debt sustainability, arguing the deal could burden Nigeria’s already strained finances.
The UK government has not yet responded to the call, but officials have previously emphasized the project’s potential to boost trade and economic growth. Critics, however, warn that the agreement lacks clear oversight mechanisms. Ezekwesili’s intervention comes amid broader scrutiny of foreign aid and investment deals in Nigeria.
The controversy highlights growing public skepticism about the benefits of such agreements. Some analysts suggest the deal may not deliver promised economic returns. Meanwhile, the Nigerian government continues to negotiate terms with international partners.
The situation underscores ongoing debates over foreign investment and national sovereignty in Nigeria’s development strategy.
