The UK and Nigeria just dropped a major collab to boost trade and investment, straight flexing on new opportunities for businesses from both ends. The Enhanced Trade and Investment Partnership (ETIP) just got signed, making history as the first of its kind between the UK and any African country. Talk about levelling up the game.
With a trading relationship already hitting £7 billion in the year to September 2023, this partnership ain’t no joke. It’s set to unlock mad potential across key sectors like finance, law, film, media, and education, bringing the UK and Nigeria even closer together in the economic game.
Nigeria, holdin’ it down as the biggest economy in Africa and on track to be top 20 worldwide by 2035, ain’t playin’. And with a population set to double by 2050, you know the hustle’s real.
Business and Trade Secretary Kemi Badenoch ain’t holdin’ back either, hyping up the partnership and the lit opportunities ahead. She’s signin’ that ETIP alongside Nigerian Trade Minister Doris Nkiruka Uzoka-Anite, sealin’ the deal in Abuja on 13th February.
But wait, there’s more. Badenoch ain’t just signin’ papers; she’s also checkin’ out the new Charterhouse school site, linkin’ up with Nigeria’s big shots in finance to smooth out trade barriers, and even catchin’ the tea on a major energy deal between UK firm Konexa and Nigerian powerhouse North South Power. That’s major moves right there.
And don’t sleep on the progress already made. Resolutions in education and finance got the game lookin’ sweet, with £55 million in Transnational Education investments and a streamlined forex scene makin’ it easier for UK businesses to get their hustle on in Nigeria.
It’s time to pop the champagne ’cause this partnership ain’t just talk, it’s a whole new level of trade game, bringing the UK and Nigeria together for some serious economic fireworks.
