Lagos, Nigeria — The United Kingdom and Nigeria have announced new investments and partnerships across manufacturing, fintech, agriculture, and education, as annual trade between both nations hits a record £8.1 billion.
The British High Commission disclosed on Tuesday that a British firm will establish its first African manufacturing facility in Lagos. The plant is expected to create over 100 direct jobs and enhance export capacity across West Africa.
In the financial technology sector, UK-based remittance company Wise is set to receive regulatory approval for its first Nigerian licence. This will enable the firm to access Nigeria’s remittance market, valued at up to £39.9 million.
In agriculture, the Nigeria Sovereign Investment Authority has partnered with Asset Green Ltd to develop a large-scale integrated dairy project.
