Hon. Helen Grant, UK Member of Parliament and Trade Envoy to Nigeria, stated that the UK government could partner with Nigeria in generating real and long-term benefits for both countries.
She disclosed this at the two-day Nigerian Diaspora Investment Summit (NDIS) organized by the Nigerian in Diaspora Commission (NiDCOM) on Saturday with the theme: “Post-COVID-19 Economic Resurgence: Targeting Diaspora Investment.”
Hon. Grant added that the UK government is willing to educate and learn from Africa’s largest economy in a bid to boost bilateral trade between both nations.
Hon. Grant, born to a Nigerian father and the first Black woman elected as Conservative MP, said the UK and Nigeria had much to cultural unity especially in the area of language and urged the need to leverage on the relations to boost economic growth between both countries.
“We look forward to coming to Nigeria to identify with viable businesses that the UK government could partner with in generating real and long term benefits for both countries,” she said.
What you should know
In 2019, the UK Department for International Trade disclosed that the total trade in goods and services between the UK and Nigeria was worth £5.1 billion, an increase of 14.4% from 2018. They added that total exports from the UK to Nigeria amounted to £2.7 billion in the year to June 2019, up 15.9% on the previous year (ONS, 2019). Sectors offering particular opportunities to UK companies include energy, infrastructure, and agric-technology.