UKDIT Showcases Major Investors In London To 100 Nigerian Businesses

UKDIT Showcases Major Investors In London To 100 Nigerian Businesses

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Post Views: 108 Ahead of the UK-Africa Investment Summit on January 20, 2020, in London, the UK’s Department for International Trade recently hosted o...

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Ahead of the UK-Africa Investment Summit on January 20, 2020, in London, the UK’s Department for International Trade recently hosted over 100 Nigerian businesses and potential UK investors at an investment showcase in London.
The showcase, in collaboration with the City of London, highlighted opportunities in some of the many viable projects in the West African nation across the agriculture, energy, healthcare, infrastructure, and ICT sectors.
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The summit, according to a statement, supports the UK’s clear vision of working together with African countries and forging new investments that will create jobs, and boost mutual prosperity through strong and enduring partnerships.
The vent brought together leading figures in the public and private sectors, investment funds, and financial institutions as the UK pursues its ambition of being the largest G7 investor in Africa by 2022, just as it outlined progressive investment prospects in the Nigerian market today to UK investors.
In his opening remarks, former Lord Mayor of the City of London, Sir Charles Bowman, recalled that the UK is already a significant direct investor in Nigeria, noting the strong relationship that already exists between Nigeria and the City of London.

For example, he continued, “Nigeria is the second-largest destination of UK investments in Africa, with £5.1bn of investment stock, and one-fifth of FTSE 100 companies having some form of presence in Nigeria.”
Continuing, he put total trade in goods and services between the UK and Nigeria in 2018 and 2019 at £5.1bn, representing “an increase of 19.3% from the previous year, which illustrates the size and strength of trade and investment relationship between our two countries.”
In a keynote address, Nigeria’s Minister of Trade and Investment, Adeniyi Adebayo said as part of realising “our national economic objectives, the Nigerian government has begun implementing new initiatives to aggressively improve the ease of doing business and is supporting investors through wholesale reforms, tailored investor incentives, bilateral investment agreement and a pipeline of continuous opportunities…”
Deputy High Commissioner to Nigeria, Harriet Thompson, facilitated, just as Seso Global, Farmcrowdy, Nordica Fertility Centre, jetWest Airways, Channeldrill Resources Ltd and Century Energy Services and other Nigerian businesses presented their projects to investors from Credit Suisse, Infraco Africa, Standard Chartered, Black Rock, CDC, JP Morgan, Helios Investments and Wood group among others.
Other speakers included the DIT’s Director General for Exports, John Mahon, Executive Secretary/CEO, Nigeria Investment Promotion Commission, Yewande Sadiku, and chief executive of Nigeria Sovereign Investment Authority, Uche Orji.

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