DAILY TRUST
To increase trade relations between Nigeria and the United Kingdom, the federal government is to sign an enhanced trade and investment partnership agreement with the British Government.
The Minister of Trade and Investment, Doris Nkiruka Uzoka-Anite, said the agreement would translate into more money for Nigeria and more trade between the two countries.
She spoke during a reception held in honour of the UK Minister of Business and Trade, Kemi Badenoch, who is on a three-day visit to Nigeria.
The event, which was held at Eko Atlantic City in Lagos, attracted business leaders and officials from both countries.
Daily Trust reports that total trade in goods and services between Nigeria and the UK is estimated to be over £6.7bn in the fourth quarter of 2023.
The Nigerian minister stated that the agreement to be signed in Abuja aligns with the eight-point agenda of President Bola Tinubu to drive trade and investment opportunities among countries and boost opportunities for businesses.
Uzoka-Anite said while Nigeria and the UK have been doing a lot of trade in the past, the trade partnership is about to even blossom with the new agreement.
