Thursday, February 22, 2024

UK trade minister Kemi Badenoch in Nigeria for new investments

“We are committed to helping Nigeria unlock new investment opportunities,” said the UK government.

• February 12, 2024
Kemi Badenock (Credit: Arise TV)
Kemi Badenock (Credit: Arise TV)

The 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.

Ms Badenoch’s visit is coming after the former Foreign Secretary visited Nigeria in August 2023 and last week’s UK-Nigeria Security and Defence Talks. The Prosperity and Economic Development of the British High Commission in Abuja disclosed this in a statement.

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, 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 toward creating thousands of jobs.

Ms Badenoch will also look to strengthen the UK-Nigeria partnership further, 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, 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)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Governor Abba Kabir-Yusuf

States

Kano inaugurates Ramadan feeding committee

Mr Abdussalam called for the review of previous reports on the programme to address identified loopholes.

Napoli vs Barcelona

Sport

UCL: Osimhen on target as Napoli hold Barcelona in round of 16 first leg

Napoli struggled to make an impact in the first 45 minutes, failing to register a shot.

NSCDC officers

States

NSCDC nabs two for alleged ritual activities in Imo

He advised Imo people to be cautious when boarding buses.

President Bola Tinubu (Credit: Bola Tinubu)

NationWide

Tinubu appoints Ibrahim Gaga as executive director of NEXIM

Mr Ngelale said that Mr Tinubu expected Mr Gaga to bring renewed zeal and diligence to enhance NEXIM’s mandate.

Real Estate [Photo: Palton Morgan]

Economy

Experts advocate collaboration for real estate market growth

He said that the Nigerian real estate market had struggled due to shortage of investment capital.

Macky Sall

Africa

Senegal’s opposition candidates slam Macky Sall for election delay; call it ‘constitutional coup’

“An inexplicable slowness has been noted. Nothing has been done despite developments over the past week,” the 15 candidates said.