Fifteen million pounds is now on the table. The United Kingdom has launched a new Growth Programme directed at Nigeria, with that funding earmarked to help the country attract more investment and strengthen its economic reforms.
The programme signals a renewed push by the UK to deepen its economic ties with Nigeria at a moment when Nigeria is in the middle of significant policy changes. The goal, as framed by the announcement, is to accelerate the pace of those reforms and create conditions that make the country more appealing to outside investors.
Details beyond the headline figure and broad objectives were not included in the available source, but the size of the commitment alone makes this one to watch. How that £15 million gets deployed, and which sectors or institutions it reaches first, will tell the real story of what this partnership is built to do.
Originally published by BusinessDay.