News

Theresa May to Visit Lagos and Discuss UK – Nigeria Partnership

Prime Minister Theresa May who is currently in a meeting with President Buhari in Abuja, will fly to Lagos where she will meet with business leaders and announce the formation of a U.K.-Nigeria fintech partnership.

The fintech partnership which is 2 million pounds ($2.6 million) is to help Nigerian innovators.

May will also visit the securities exchange company FMDQ in Lagos.

“Already the finance and business links between Lagos and London are bringing enormous benefits to businesses and people in the U.K. and in Nigeria and today’s announcements deepen this burgeoning partnership even further,” May said.

The Nigerian government has announced that President Buhari and May will sign vital defence and economic agreements between Nigeria and the UK.

May is expected to push the agenda of Britain becoming the biggest investor in Africa out of the countries in the Group of Seven nations, overtaking the United States, by using the aid budget to help British private sector companies invest in Africa.

Theresa May is visiting the African continent for the first time since she became Prime Minister in 2016.

Accompanying May is a 30-man business delegation as part of her efforts to “deepen and strengthen” partnerships around the world as the UK prepares to leave the European Union (EU) next year.

May is expected to leave the country on Thursday and fly to Nairobi to meet with Kenyan President Uhuru Kenyatta.

Leave a Comment