Foreign

Nigeria fastest growing economy in Africa – UK trade envoy

Published

on

Hon. Helen Grant, United Kingdom Trade Envoy to Nigeria, has said that Nigeria was the fastest growing economy in Africa.

Grant said this at the two-day Nigerian Diaspora Investment Summit (NDIS) organised by Nigerian in Diaspora Commission (NiDCOM), in collaboration with Nigeria Diaspora Summit Initiative (NDSI).

The activity, which is the third edition, began on Nov. 20 and will end on Saturday, Nov. 21.

It has the theme: “Post-COVID-19 Economic Resurgence: Targeting Diaspora Investment”.

A News Agency of Nigeria correspondent covering the activity quotes Grant as saying that it will strengthen UK, Nigeria relations.

She said that her government was ready to educate, and also learn from, Nigeria by enhancing the bilateral trade between both countries.

She added that UK and Nigeria had so much that unite them, especially in the areas of culture and language, and stressed the need to build on such existing relations to bring about economic growth.

She said that Nigeria was full of investment opportunities and potentials.

“We look forward to coming to Nigeria to identify with viable businesses that the UK government could partner with in generating real and long term benefits for both countries,” she said.

Also speaking, Alhaji Zubairu Dada, Minister of State, Foreign Affairs, appluaded NiDCOM, NDSI and other collaborators for organising the activity targeted at bringing about constructive interface between Diaspora investors and business owners in the country.

He emphasised that Nigerians in the Diaspora were potential resources in the areas of skills,

experiences and resources which could be tapped into, in bringing about national

development.

He added that the Ministry of Foreign Affairs would continue to stress the importance of engaging with the Nigerians in Diaspora in bringing about economic resurgence and national development in the post-COVID-19 era.

Otunba Adeniyi Adebayo, the Minister of Industry, Trade and Investment, who also spoke at the event, said that the Federal Government, through the Economic Sustainability Committee (ESC), had launched the Economic Sustainability Plan (ESP).

He said that the efforts were targeted toward actualising the recovery of the economy from the effect of the COVID-19 pandemic, adding that Nigerians in the Diaspora were key drivers of achieving the recovery growth plan.

He reiterated that the NDIS was an avenue of actualising the Economic Recovery Growth Plan through leveraging on the Diaspora resources.

He listed some of the achievements of the Federal Government in cushioning the effect of the pandemic on the citizens to include the release of 200 billion naira loans for micro small and medium enterprises in Nigeria.

He listed some of the investment opportunities in some parts of the country and told the meeting that the Federal Ministry of Industry, Trade and Investment had been organising programmes and policies to attract investment to Nigeria. 

Maureen Okon

Maureen Okon: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a media subscriber of the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.ng. Disclaimer.

Latest News

Innovation Accelerator to Stimulate Growth for Youth Promoting Democracy and Governance in Africa Concludes President’s Remarks at the 5th Annual Meeting of the Africa Economic Zones Organization (AEZO) December 3, 2020 Coronavirus – Africa: COVID-19 Update (3rd December 2020) Coronavirus – Zimbabwe: COVID-19 Update (2nd December 2020) Coronavirus – Zambia: Daily status update (2nd December 2020) Landmark Alliance Launches in Africa to Fight COVID-19 Misinformation Democratic Republic of Congo (DRC)’s President H.E Félix Tshisekedi confirmed to deliver the keynote address at Mining Indaba Virtual Local Currency Financing for Off-Grid Energy Solutions in Africa Limited, Needs Scaling Up – African Development Bank Report MEDIA ADVISORY : African Institute for Mathematical Sciences to Host Online Next Einstein Forum Global Gathering: 8-10 December 2020 AIMS to host its first online Next Einstein Forum Global Gathering SAP becomes the perfect medicine for Kiara Health’s complexities and cost challenges Blue Prism Intelligent Automation Now Available in AWS Marketplace WHO Africa Online Press Briefing: Responding to COVID-19 Misinformation in Africa Coronavirus – Kenya: Distribution of Cases by Counties (2 December 2020) Coronavirus – Kenya: COVID-19 updates (2 December 2020) SouthBridge Group announces Two Major Transactions in the Republic of Togo Fabio Aru signs for Team Qhubeka ASSOS Zimbabwean journalist Debra Matabvu wins the 2020 APO Group African Women in Media Award Signing of the Advisory Services Agreement between the Islamic Corporation for the Development of the Private Sector (ICD) and Xalq Bank, Uzbekistan African Energy Chamber Starts a Working Visit to Mozambique to Push for Natural Gas Adoption and Jobs Creation UN Global Compact partners with African Media Agency (AMA) on Virtual SDG Summit Over 3.3 million children vaccinated in Chad in large-scale polio campaign How the world’s highest HIV-prevalence country turned around, and in record time World’s governments must wind down fossil fuel production by 6% per year to limit catastrophic warming Gruesome Boko Haram Killings in Northeast Nigeria Foreign fighters a ‘serious crisis’ in Libya, UN mission chief tells high stakes political forum Ethiopian Government and UN strike deal for ‘unimpeded’ humanitarian access in Tigray Mali: COVID-19 and conflict lead to rise in child trafficking AERC to host Bi-annual Plenary on the COVID-19 Pandemic and Public Finance in Africa African Union to Launch the African Single Electricity Market (AfSEM) Communiqué on H.E. Moussa Faki Mahamat, Chairperson of the African Union Commission's two day working visit to the Republic of South Africa Coronavirus – Malawi: COVID-19 Daily Information Update (1st December 2020) Rugby: The General Assembly of the Rwanda Rugby Federation (RRF) Elected New Conflict and Resolution Committee Lionesses Graduate from Isuzu East Africa (EA) Life Skills Program Ecobank Group wins Awards from EMEA Finance, The Banker and Global Finance COVID-19 drives wages down, new International Labour Organization (ILO) report finds Coronavirus – South Africa: MEC Anroux Marais on suspension of summer initiation season due to Coronavirus COVID-19 pandemic Coronavirus – South Africa: COVID-19 statistics in South Africa (01 December 2020) Brown, Tanfield and Vinjebo sign-on for Team Qhubeka ASSOS Coronavirus – Nigeria: COVID-19 case update (1 December 2020) Coronavirus – Zambia: Daily status update (1st December 2020) Uniting Business for A Stronger Africa Coronavirus – South Africa: COVID-19 update for South Africa (1 December 2020) Coronavirus – Kenya: Distribution of Cases by Counties (1 December 2020) Coronavirus – Kenya: COVID-19 updates (1 December 2020) Coronavirus – Ethiopia: COVID-19 reported cases in Ethiopia (1 December 2020) Coronavirus – Zimbabwe: COVID-19 Update (1 December 2020) Nestlé partners with Nomanini and Standard Bank to empower informal retail traders across the Eastern and Southern Africa Region LaLiga signs Mondia group as strategic technology and commercial partner for Europe, Middle East, Africa and Asia Pacific African Energy Chamber projects Africa’s Power Demand to Keep Rising Between 4-5% per year