Nigeria and the United Kingdom have strengthened their economic partnership with the launch of a new £15 million Growth Programme aimed at supporting Nigeria's economic reforms, attracting investment, and boosting private sector development.
The initiative was announced during a meeting in Abuja between the Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, and the UK's Minister for Africa and International Development, Jenny Chapman.
According to the Ministry of Finance, the three-year programme will focus on unlocking private sector investment, strengthening Nigeria's capital markets, supporting small and medium-sized enterprises, and providing technical assistance to accelerate economic growth and competitiveness.
Both countries also discussed expanding cooperation in Nigeria's digital economy through the UK-backed SPRIRET initiative under the Digital Access Programme.
The project is expected to support digital governance reforms, reduce regulatory barriers, and create a more conducive environment for investment in broadband infrastructure, digital services, and emerging technologies.
Speaking after the meeting, Oyedele said Nigeria's relationship with the United Kingdom is increasingly focused on investment, economic growth, and mutually beneficial partnerships that deliver tangible benefits for citizens and businesses in both countries.
The two sides also explored opportunities for deeper collaboration in technology, finance, enterprise development, and investment promotion, reaffirming their commitment to fostering an enabling environment for businesses and leveraging innovation to drive long-term economic development.
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