Nigeria fastest growing economy in Africa despite recession: UK Envoy

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The UK official appeared optimistic of Nigeria’s economic prospects.

The United Kingdom Trade Envoy to Nigeria, Helen Grant, on Saturday said that Nigeria was the fastest growing economy in Africa.

Ms Grant said this at the two-day Nigerian Diaspora Investment Summit (NDIS) organised by Nigerian in Diaspora Commission (NiDCOM), in collaboration with Nigeria Diaspora Summit Initiative (NDSI).

The activity, which is the third edition, began on November 20 and will end on Saturday.

It has the theme: “Post-COVID-19 Economic Resurgence: Targeting Diaspora Investment”.

A News Agency of Nigeria (NAN) correspondent covering the activity quotes Ms Grant as saying that it will strengthen UK, Nigeria relations.

PREMIUM TIMES on Saturday reported how Nigeria entered its second economic recession in five years, also its worst economic decline in four decades.

But the UK official appeared optimistic of the nation’s prospects.

She said that her government was ready to educate, and also learn from, Nigeria by enhancing the bilateral trade between both countries.

She added that UK and Nigeria had so much that unite them, especially in the areas of culture and language, and stressed the need to build on such existing relations to bring about economic growth.

She said that Nigeria was full of investment opportunities and potentials.

“We look forward to coming to Nigeria to identify with viable businesses that the UK government could partner with in generating real and long term benefits for both countries,” she said.

Source: AllAfrica