UK-Africa Investment Summit Will Boost Nigeria’s Economic Position-FG

The Federal Government has stated that the UK-Africa investment summit in London would be an opportunity for Nigeria to show case its economic potential in Africa.

The Senior Special Adviser to President Muhammadu Buhari on Media and Publicity, Mr Femi Adesina disclosed this in a statement.

He said, ”Apart from highlighting new perspectives on UK-Africa Partnership for Prosperity, issues of Sustainable Finance and Infrastructure; Trade and Investment; Future African Growth Sectors and Clean Energy and Climate, are expected to dominate presentations and discussions during the Summit.

”With the expected take-off of the African Continental Free Trade Area (AfCFTA) in mid-2020, the London investment summit will provide Nigeria with the opportunity to project itself as a leading investment destination for new industries.

”In addition, the summit will deepen Nigeria-United Kingdom investment ties post-Brexit given that Africa currently represents just two per cent of British trade activity, with Nigeria accounting for only 10 per cent of that total.”

He further disclosed that the Nigerian delegation to the investment meeting will showcase what the Federal Government had done through policies and legislations to improve the investment and business climate in the country.

President Buhari on Friday departed Abuja for London to participate in the inaugural UK-Africa Investment Summit holding on January 20.

According to News Agency of Nigeria (NAN), President Buhari had earlier performed some official assignments, including his meeting with security chiefs, before leaving the presidential villa for the London trip.

The president also joined hundreds of Muslims faithful at the Aso Rock Mosque where he observed the two raka’at Juma’at prayer.

An earlier statement by Mr Femi Adesina, the President’s Special Adviser on Media and Publicity, on Thursday, said the London Investment Summit would be hosted by the British Prime Minister, Boris Johnson.

According to the organisers, the event is expected to bring together African leaders, international business chief executives and heads of international organisations “to create new partnerships that will deliver more investments and jobs” to the benefit of people and businesses in African countries and the United Kingdom.

The president is expected back in Abuja on Thursday.

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