Kemi Badenoch, the UK’s Secretary of State for Business and Trade, is embarking on a three-day visit to Nigeria. This journey, commencing on February 11, 2024, aims to fortify the trade and investment partnerships between the two nations. Accompanied by Helen Grant, the Prime Minister’s Trade Envoy to Nigeria, Badenoch will engage with federal and state government officials, as well as British and Nigerian business leaders and investors.
As the 39th largest trading partner of the UK, Nigeria boasts a total trade figure of £7 billion in goods and services, as underscored by Jonny Baxter, head of the UK Mission to Nigeria. Richard Montgomery, British High Commissioner to Nigeria, accentuated the UK’s dedication to assisting Nigeria in unlocking new investment opportunities.
Badenoch’s visit follows that of James Cleverly, the UK’s Foreign Secretary, who recently expounded on the British government’s plans to bolster multilateral trade reforms to sustain growth in Nigeria. The current mission echoes this sentiment, focusing on exploring current and potential investment and trade activities in sectors such as education, infrastructure, and energy, with the potential to generate thousands of jobs.
Strengthening Ties and Breaking Barriers
Badenoch’s primary objective is to further solidify the UK-Nigeria partnership. By removing obstacles to trade and investment, she seeks to stimulate business growth between the two countries. The City of London’s enabling role for international business is also expected to become more accessible to Nigeria.
During her visit, Badenoch will engage with a diverse array of stakeholders. These include federal and state government officials, British and Nigerian business leaders, and investors. The discussions will revolve around the existing and prospective investment and trade activities in sectors like education, infrastructure, and energy.
The potential of these collaborations extends beyond economic growth. They hold the promise of creating thousands of jobs, a testament to the shared vision of prosperity between the UK and Nigeria. This visit serves as a significant step towards realizing this vision, reinforcing the commitment of both nations to foster a thriving trade and investment partnership.