Home BUSINESS UK Companies Plan $300 Million Investments In Nigeria

UK Companies Plan $300 Million Investments In Nigeria

Some companies in the United Kingdom have agreed to bring investments in various economic fields worth $300 Million to Nigeria soon.

This came against the backdrop of an agreement signed by Nigerian and representatives of the companies on Foreign Direct Investment (FDI). The agreement was reached at the Economic and Development Forum (EDF) held in London.

The agreement is targeting small and medium-size enterprises and will create over 5,000 jobs in the coming years.

Nigeria and Britain also agreed to start discussions on an Enhanced Trade Partnership (ETP) to strengthen trade and high-value investment across both countries.

The Nigeria’s Minister of Industry, Trade and Investment, Niyi Adebajo, signed the deal on behalf of the Nigerian government while his British counterpart, Penny Mordaunt, represented his country at the forum.

Leave a Reply