The United Kingddom has launched a £15 million Growth Programme aimed at attracting private investment, supporting economic reforms and creating new opportunities for businesses across Nigeria.
The initiative was announced during a two-day visit to Nigeria by the UK Minister for Africa and International Development, Baroness Jenny Chapman, as part of efforts to strengthen economic cooperation between both countries.
According to the British High Commission, the three-year programme is designed to unlock private-sector capital, accelerate economic transformation and support Nigeria’s transition to sustainable, reform-driven growth.
A key highlight of the visit was Chapman’s meeting with the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, where discussions focused on the implementation of the new programme and opportunities to deepen economic collaboration.
The UK also announced expanded support for Nigeria’s digital economy through the SPRIRET initiative under its Digital Access Programme. The initiative will support governance reforms across five states to reduce regulatory barriers and encourage investment in broadband infrastructure, digital services and emerging technologies.
Speaking on the partnership, Oyedele said the relationship between Nigeria and the UK has evolved into one focused on growth, development and shared prosperity.
According to him, the new programme will support capital market development, technology investment, small business growth and technical assistance aimed at strengthening the economy.
Chapman also held discussions with the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, on progress under the Enhanced Trade and Investment Partnership between both countries.
The discussions explored opportunities to increase exports through the Developing Countries Trading Scheme, strengthen fintech collaboration and expand capital market linkages.
During her visit to Kaduna State, Chapman met with Governor Uba Sani and other stakeholders to review existing development partnerships and identify new areas of collaboration. She also engaged business leaders and investors on opportunities in investment, climate finance and economic development.
The minister visited healthcare and agricultural projects supported by the UK, including engagements with livestock breeders, animal health workers and frontline healthcare providers benefiting from UK-backed interventions.
Speaking on the outcome of the visit, Chapman described Nigeria as a strategic partner and expressed confidence in the future of the bilateral relationship.
She noted that discussions held during the visit reinforced the strong commitment of both countries to deepen cooperation in areas that support economic growth, investment and development.
The new Growth Programme builds on existing UK investments in Nigeria. British International Investment has invested nearly $800 million across sectors including agriculture, renewable energy and manufacturing, while UK Export Finance is supporting major infrastructure projects such as the rehabilitation and expansion of Lagos ports.
Stakeholders believe the initiative will strengthen investor confidence, support business growth and create new opportunities for Nigerian enterprises seeking access to capital, technology and international markets
