By: Nana Appiah
Acquaye
Nigeria
marked a major milestone in its economic and industrial partnerships with the
United Kingdom, following a series of landmark agreements across fintech,
infrastructure, and value chain development.
Jumoke
Oduwole, Minister of the Federal Ministry of Industry, Trade and Investment,
highlighted key achievements, including the regulatory expansion of Wise into
Nigeria’s fintech sector, the Nigeria Sovereign Investment Authority
partnership with Asset Green to scale the country’s dairy value chain, and the
Lagos State Government’s digital literacy initiative.
A
major highlight of the engagements was the signing of a memorandum of
understanding unlocking £746 million in UK Export Finance to modernize the
Apapa and Tin Can Island ports in Lagos. The port modernization project is
supported by Citibank and British Steel and aligns with Nigeria’s priorities in
infrastructure, energy, and industrial development.
Minister
Oduwole described the agreements as a “defining chapter” for the Nigeria–UK
corridor, emphasizing the potential of these partnerships to drive sustainable
economic growth, enhance trade facilitation, and strengthen Nigeria’s
industrial and digital sectors.
