New trade and investment partnership with Nigeria

Last week the UK signed an Enhanced Trade and Investment Partnership with Nigeria to boost trade and investment between the two countries.

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In the year to September 2023, trade between the two countries totalled £7 billion. UK exports to Nigeria were £4 billion in that year, which represented a 3% increase in current prices over the previous year.

The partnership will allow for additional opportunities in the financial and legal services sector, the film and media industry and for UK education providers to offer education in Nigeria.

Lawyers in both the UK and Nigeria will benefit from the agreement that facilitates them practising foreign and international law in each other’s country.

Nigeria’s economy is the biggest in Africa and is predicted to be in the world’s top 20 by GDP by 2035.

See: https://www.gov.uk/government/news/uk-signs-landmark-economic-partnership-with-nigeria