Nigeria, UK to sign enhanced trade, investment pact

The UK government has signed an Enhanced Trade and Investment Partnership (ETIP) with Nigeria to boost trade and investment between the two countries and unlock new opportunities for UK and Nigerian businesses.

Secretary of State for Trade and Investment, Kemi Badenoch signed the ETIP alongside the Nigerian Trade Minister Doris Nkiruka Uzoka-Anite in Abuja, Nigeria’s capital.

Uzoka-Anite 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.

Meanwhile, the UK minister, who is also a Nigerian by birth, said Nigeria and the UK have a long history of trade collaboration leveraging on the enormous potentials in the country’s creative and entrepreneurial sectors.

She stated that as part of her visit, she would open a new industrial hub in Abuja which was designed to create 40,000 jobs for Nigeria.

Badenoch assured that both countries would work to implement the dictates of the agreement to deliver great benefits for the UK and Nigeria.