UK, Nigeria Launch £15m Programme to Boost Economic Growth
The three-year programme will back reforms, small businesses and technology investment as the UK seeks to draw more private capital into Nigeria.
- On Friday, The British High Commission announced the launch of The UK-Nigeria Growth Programme, a £15 million initiative aimed at attracting private investment and supporting economic reforms over three years.
- As Nigeria seeks to diversify its economy and attract foreign capital, the programme reflects a shift toward investment-led growth beyond traditional development assistance. Minister Jenny Chapman discussed the initiative with Nigerian Minister of Finance Taiwo Oyedele.
- Governance reforms across five states will reduce regulatory barriers constraining investment in broadband infrastructure and digital services. The British High Commission expects the intervention to encourage greater private-sector participation in technology-driven investments.
- British International Investment has invested roughly $800 million in agriculture and manufacturing sectors, while financing valued at about $1 billion supports the rehabilitation and expansion of Lagos ports.
- During the visit, Jenny Chapman met with Minister of Industry, Trade and Investment Jumoke Oduwole to review the Enhanced Trade and Investment Partnership. The British High Commission also announced expanded cooperation through the Digital Access Programme and SPRIRET initiative.
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UK Launches £15Million Programme to Boost Investment in Nigeria
The United Kingdom has launched a £15 million growth programme to strengthen investment flows, support economic reforms and advance Nigeria’s long-term development strategy. UK Minister for Africa and International Development, Baroness Chapman, announced the initiative during a two-day visit to Nigeria, with engagements held in Abuja and Kaduna. She said the three-year programme is designed to accelerate economic transformation, attract private…
UK, Nigeria Launch £15m Growth Programme to Boost Investment
By Adedapo Adesanya The United Kingdom and Nigeria have launched a £15 million growth programme aimed at unlocking investment and accelerating economic transformation as both nations deepen their partnership. This was announced as the UK Minister for Africa and International Development, Ms Jenny Chapman, concluded a two-day visit to Nigeria, during which she announced the […]
UK, Nigeria launch £15m growth programme to unlock investment, accelerate economic transformation - EnviroNews - latest environment news, climate change, renewable energy
The UK Minister for Africa and International Development, Baroness Jenny Chapman, has concluded a two-day visit to Nigeria, during which she announced a new £15 million Growth Programme, deepened cooperation on digital transformation and health, and visited communities benefiting directly from UK investment on the ground. The visit, spanning Abuja and Kaduna, underscored the breadth and depth of the UK–Nigeria Strategic Partnership and marked a …
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