UK minister’s visit: Nigeria seeks new investment opportunities

The United Kingdom, UK, Minister for Business and Trade, Kemi Badenoch, who arrived in Nigeria on Sunday on a three-day visit, will take forward ongoing efforts by both countries to boost the UK-Nigeria trade relationship and unlock new investment opportunities.

Badenoch’s visit comes after the former Foreign Secretary visited Nigeria in August 2023 and last week’s UK-Nigeria Security and Defence Talks.

This is contained in a statement by Senior Press and Public Affairs Officer, Communications Lead, Prosperity and Economic Development of the British High Commission in Abuja, Ndidiamaka Eze.

While in Nigeria, the statement further indicated that Badenoch and the Prime Minister’s Trade Envoy to Nigeria, Helen Grant, will meet with Federal Government officials, state governors, as well as British and Nigerian business leaders and investors.

Through these meetings, according to the statement, she will explore current and potential investment and trade activities, from education to infrastructure and energy projects, towards creating thousands of jobs.

Badenoch will also look to further strengthen the UK-Nigeria partnership, remove barriers to trade and investment, grow business between the two countries, and ensure the City of London’s enabling role for international business is more accessible to Nigeria.

Commenting on her visit and engagement in Nigeria, the British High Commissioner to Nigeria, Dr Richard Montgomery, described Nigeria as one of the UK’s most important partners in Africa.

“We are committed to helping Nigeria unlock new investment opportunities, supporting more UK and international investment through the City of London, and thereby creating jobs in both our countries.

“Recent big and bold reforms by the Federal Government of Nigeria and the Central Bank are boosting optimism amongst international investors that the country is on the right path and are creating the conditions for growth,” he said.

(NAN)

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