AfriPulse
June 12 (THEWILL) — The United Kingdom has unveiled a £15 million Growth Programme to accelerate Nigeria’s economic transformation, unlock private sector investment and support reform-led growth over the next three years.
The announcement was made on Thursday by the UK Minister for Africa and International Development, Baroness Jenny Chapman, during a two-day official visit to Nigeria that included engagements in Abuja and Kaduna.
The initiative, launched in collaboration with Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, is expected to strengthen capital markets, support small businesses, attract technology investments and provide technical assistance to key sectors of the economy.
According to both governments, the programme is designed to help Nigeria transition from macroeconomic stabilisation to sustained economic growth driven by private sector participation and structural reforms.
Speaking during the launch, Oyedele described the UK–Nigeria relationship as one of the most important partnerships for both nations, noting that the collaboration has evolved beyond traditional diplomatic ties into a platform for development, growth and shared prosperity.
He said the Growth Programme would create opportunities across capital market development, technology investment and enterprise growth while delivering long-term benefits for both countries.
As part of the broader economic partnership, the UK also announced expanded support for Nigeria’s digital economy through the SPRIRET initiative under the Digital Access Programme. The project will support digital governance reforms across five states, reduce regulatory bottlenecks and encourage investment in broadband infrastructure, digital services and emerging technologies.
The announcement comes amid ongoing efforts by the Nigerian government to attract foreign direct investment, deepen economic reforms and improve the business environment.
L-R: Senior officials of the Federal Ministry of Finance and members of the United Kingdom delegation led by UK Minister for Africa and International Development, Baroness Jenny Chapman, during a high-level meeting with Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, in Abuja on Thursday, where both countries announced a new £15 million UK–Nigeria Growth Programme to accelerate economic reforms, attract investment and strengthen bilateral cooperation.
Baroness Chapman said the UK remains committed to supporting Nigeria’s economic ambitions and building a long-term partnership focused on growth and prosperity.
The new programme forms part of the wider UK–Nigeria Strategic Partnership, which seeks to strengthen cooperation in trade, investment, technology, governance and development.
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