• Latest
  • Trending
UK, Nigeria Sign £15m Pact For Economic Transformation

UK, Nigeria Sign £15m Pact For Economic Transformation

June 12, 2026
Navy Rescues 2 Kidnap Victims, Recovers Engines In Akwa Ibom

Navy Rescues 2 Kidnap Victims, Recovers Engines In Akwa Ibom

October 2, 2026
UK Swears In New Attorney, Solicitor General

UK Swears In New Attorney, Solicitor General

October 2, 2026
FG Warns Nigerians Over Fake Passport Websites

UK Passport Intervention: 8,956 Nigerians Enrolled In 21 Days

October 2, 2026
Nigerian Pilgrim Dies In Makkah

2027 Hajj: Nigeria Gets Additional 10,000 Slots From Saudi Arabia

October 2, 2026
Carter Efe Beats Speed Darlington To Retain Celebrity Boxing Title

Carter Efe Beats Speed Darlington To Retain Celebrity Boxing Title

October 2, 2026
https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/
ADVERTISEMENT
Phyna Knocks Out Nkechi Blessing In Historic Celebrity Boxing Bout

Phyna Knocks Out Nkechi Blessing In Historic Celebrity Boxing Bout

October 2, 2026
Trafficking: Court Orders Sealing Of 4 Brothels in Port Harcourt

Court Bars Akuns From Parading As NDC Guber Candidate In Plateau

October 2, 2026
Ogun APC Disowns Hunye, Reaffirms Adeola 2027 Guber Candidate

APC Reinstates Kebbi Chairman After Suspension

October 2, 2026
Katsina: Troops Rescue 5 Abducted Women, Baby

Katsina: Troops Rescue 5 Abducted Women, Baby

October 2, 2026
ADVERTISEMENT
  • Privacy Policy
    • Home
      • Contact Us
  • Advert Rates
Friday, October 2, 2026
  • Login
No Result
View All Result
Present Nigeria
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News
No Result
View All Result
Present Nigeria
No Result
View All Result
Home Business

UK, Nigeria Sign £15m Pact For Economic Transformation

by Present Nigeria
June 12, 2026
in Business
0
UK, Nigeria Sign £15m Pact For Economic Transformation
27
SHARES
53
VIEWS
FacebookTwitterWhatsappTelegram

The United Kingdom and Nigeria have launched a £15 million Growth Programme aimed at accelerating investment, supporting economic transformation, and strengthening bilateral cooperation across key sectors including digital innovation, trade, and infrastructure.

The announcement was made during a two-day visit to Nigeria by the UK Minister for Africa and International Development, Baroness Jenny Chapman, who met senior government officials and toured development projects in Abuja and Kaduna.

RelatedPosts

Navy Rescues 2 Kidnap Victims, Recovers Engines In Akwa Ibom

UK Swears In New Attorney, Solicitor General

UK Passport Intervention: 8,956 Nigerians Enrolled In 21 Days

The programme was formally discussed during a meeting with the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, where both sides explored new frameworks to deepen economic ties and unlock private sector investment over a three-year period.

According to the UK government, the initiative is designed to support Nigeria’s transition from macroeconomic stabilisation to sustained, reform-driven growth while strengthening capital market development, small business expansion, and technical assistance.

Speaking after the meeting, Oyedele described the partnership as a key driver of shared prosperity.

“We continue to value the UK–Nigeria relationship, one of the most important partnerships for both our countries. Today, that relationship extends beyond traditional ties and now focuses on development, growth, and shared prosperity,” he said.

“The UK–Nigeria Growth Programme helps bring this partnership to life—supporting capital market development, technology investment, small businesses, and technical assistance. We look forward to seeing how these opportunities deliver lasting benefits and drive progress for both countries.”

During the visit, Baroness Chapman also held talks with the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, where discussions focused on the Enhanced Trade and Investment Partnership (ETIP), including export growth under the Developing Countries Trading Scheme, fintech expansion, and capital market collaboration.

In addition, the UK announced deeper cooperation on Nigeria’s digital economy through the SPRIRET initiative under the Digital Access Programme

The initiative will support digital governance reforms in five Nigerian states, aimed at reducing regulatory barriers and encouraging investment in broadband infrastructure, digital services, and emerging technologies.

The UK minister also visited Kaduna State, where she met Governor Uba Sani to review over two decades of development cooperation and explore new areas of partnership in investment mobilisation and climate finance.

She engaged with local business leaders, livestock breeders, and community animal health workers, focusing on agricultural development, veterinary support, and livestock vaccination programmes supported by UK partnerships.

Baroness Chapman also visited the Unguwan Sanusi Primary Health Care Centre, which serves about 20,000 residents in Kaduna South, where she interacted with frontline health workers and patients benefiting from UK-supported health interventions.

Speaking at the end of her visit, Chapman said the engagement reinforced the strength of the bilateral relationship.

“This visit has reinforced everything I believe about the UK–Nigeria partnership. That it is deep, it is real, and it is moving in the right direction,” she said.

“From launching our new Growth Programme with Honourable Minister Oyedele, to meeting frontline health workers in Kaduna — every conversation this week has shown me a country full of ambition and a partnership that is genuinely delivering for both sides.”

“Nigeria is a partner that the UK is proud to stand alongside and I leave more convinced than ever that the next chapter of this partnership is its most exciting yet. The UK is here for the long term, and we are ready to grow together.”

The visit also built on existing UK economic commitments, including nearly $800 million invested by British International Investment across agriculture, energy, and manufacturing, as well as a $1 billion UK Export Finance-backed project for the expansion of Lagos ports.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Like this:

Like Loading...

Related

Share11Tweet7SendShareShare2
Previous Post

Faces at the PBAT Continuity Project Women Engagement Event

Next Post

Nigeria, Ethiopia Sign Deal to Transfer Prisoners Home

Related Posts

AON Condemns Attack On Airline Staffs, Calls For More Security At Airports

AON Threatens To Ground Flights Over Aviation Union Protests

September 29, 2026
NMDPRA warns independent marketers against infractions

Import Licence: Court Rules Against NMDPRA, Favours Marketers

September 29, 2026
Lekki Port Receives 1st LNG-powered Vessel

FG To Upgrade 4 Eastern Ports, Okays 6 New Deep Seaports

September 28, 2026
NETCO targets 5% increase in market shares, posts 137% increase in operating profit for 2023

NNPC Welcomes $800m FID On Ima Gas Project

September 26, 2026
Next Post
Nigeria, Ethiopia Sign Deal to Transfer Prisoners Home

Nigeria, Ethiopia Sign Deal to Transfer Prisoners Home

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
With a heritage of in-depth coverage and adept leverage of core professionals, PRESENT is the trusted witness of the news.

Navy Rescues 2 Kidnap Victims, Recovers Engines In Akwa Ibom

Navy Rescues 2 Kidnap Victims, Recovers Engines In Akwa Ibom

October 2, 2026
UK Swears In New Attorney, Solicitor General

UK Swears In New Attorney, Solicitor General

October 2, 2026
FG Warns Nigerians Over Fake Passport Websites

UK Passport Intervention: 8,956 Nigerians Enrolled In 21 Days

October 2, 2026

© 2025 Present Nigeria. All Rights Reserved.

  • Privacy Policy
  • Advert Rates

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Crime
  • Business
  • Politics
  • Entertainment
    • Lifestyle
  • Opinion
  • Sports
  • World News

© 2025 Present Nigeria. All Rights Reserved.

%d