BI-Lateral Trade Relations March 6, 2019
- The importance of Nigeria and Africa as a whole has risen on the UKs’ agenda
- The UK will be the first G7 investor in Africa by 2022
- Increase in the commitment by CDC (a development finance institute in the UK that invests in long term equity to contribute to job and wealth creation) to £3.5 billion
- The UK plans to be more specific by working with UK businesses that can benefit from investing in Africa.
- Trade increased by 25% over the last two years and is expected to double again from 2019.
- UK Department for International Economic Development works on supporting inclusive job creation and agricultural value change. It also works on creating a second motor of growth to create stability and jobs in the North.