Nigeria and the United Kingdom have launched a new £15 million growth programme aimed at unlocking private investment and accelerating economic development.
According to the People Gazette, the initiative was unveiled during a two-day visit to Nigeria by the UK’s Minister for Africa and International Development, Baroness Jenny Chapman. The programme is expected to support capital market growth, technology investments, small businesses and technical assistance.
The UK also announced expanded cooperation in Nigeria’s digital economy through the SPRIRET initiative, which will help five states implement digital governance reforms and attract more investment in broadband and emerging technologies.
Speaking on the partnership, Finance Minister Taiwo Oyedele said the relationship between both countries is now focused on development, growth and shared prosperity, with the new programme expected to deliver long-term economic benefits.
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