State Visit: UK And Nigeria Hold Investment Summits - Politics

State Visit: UK And Nigeria Hold Investment Summits - Politics - Nairaland

Nairaland Forum › Nairaland General › Politics › State Visit: UK And Nigeria Hold Investment Summits (3523 Views)

State Visit: UK And Nigeria Hold Investment Summits by naptu2(op): 8:49am On Mar 19*

Dr Jumoke Oduwole is the Nigerian minister of industry, trade and investment.

A productive Day 1 in London as we kicked off the 2nd Nigeria–UK ETIP Ministerial Meeting, setting a clear stage for the next chapter of our bilateral relationship 🇳🇬🇬🇧

I was honoured to join Sir Chris Bryant MP, Florence Eshalomi MP, Baroness Chapman, and our dedicated teams… pic.twitter.com/QkvdlFjASB
— Dr Jumoke Oduwole (@joduwole) March 17, 2026

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Re: State Visit: UK And Nigeria Hold Investment Summits by naptu2(op): 8:51am On Mar 19*

Jonny Baxter is the UK deputy high commissioner to Nigeria (in charge of the Lagos Consulate). Chris Bryant is the UK minister for trade.

Jonny Baxter @JonnyBaxterFCDO

The UK-Nigeria Enhanced Trade & Investment Partnership #ETIP is unlocking stronger trade, investment and longterm growth.
Today’s Dialogue with trade Minister's @joduwole & @RhonddaBryant highlights our shared commitment to deliver practical outcomes and drive growth.

#GrowUKNG

https://x.com/i/status/2033507476608282809

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Re: State Visit: UK And Nigeria Hold Investment Summits by naptu2(op): 8:55am On Mar 19

Babajide Sanwo-Olu @jidesanwoolu

Today in London, I joined a strategic investment roundtable hosted by the Nigeria Investment Promotion Commission in partnership with the Commonwealth Enterprise and Investment Council.

I spoke about the steps we are taking to strengthen the investment climate in Lagos and shared our plans for the Invest Lagos 3.0 Summit coming up in June. Our goal is to continue positioning Lagos as Africa’s leading gateway for investment. I also provided an update on the progress toward establishing the Lagos International Financial Centre and the work we are doing to make it easier to do business in our state.

Our focus is to ensure Lagos remains a place where capital and innovation can grow with confidence. We are committed to building an environment that attracts investment and creates opportunities for people to succeed.

https://x.com/i/status/2033622061390643426

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Re: State Visit: UK And Nigeria Hold Investment Summits by naptu2(op): 8:55am On Mar 19

Juliana Olayinka is a British-Nigerian journalist.

HAPPENING NOW Nigeria’s Finance Minister Wale Edun, NIPC CEO Aisha Rimi, and Lagos Governor Babajide Sanwo-Olu are meeting UK investors with Lord Marland and the Commonwealth Enterprise and Investment Council (CWEIC) at the Nigeria–UK Investment Roundtable on the sidelines of… pic.twitter.com/pqinSUvi9Q
— Juliana Olayinka (@JulianaOlayinka) March 16, 2026

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Re: State Visit: UK And Nigeria Hold Investment Summits by naptu2(op): 8:56am On Mar 19

Nigeria–UK Investment Roundtable
On the sidelines of the State Visit of Bola Ahmed Tinubu (GCFR) to the United Kingdom, the Nigerian Investment Promotion Commission (NIPC), in partnership with the Commonwealth Enterprise and Investment Council (CWEIC), pic.twitter.com/QoZhRpJ45q
— NIPC (@nipcng) March 16, 2026

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Re: State Visit: UK And Nigeria Hold Investment Summits by naptu2(op): 8:58am On Mar 19

Richard Montgomery is the UK high commissioner to Nigeria.

Richard Montgomery @RMontgomeryUK

With the #UKNGStateVisit in full swing, it was great to round off Monday's #ETIP talks with a reception following the first 🇬🇧🇳🇬 Ministerial Dialogue in London.
A moment to strengthen connections, reflect on progress, and reaffirm our shared ambition for lasting partnerships.

https://x.com/i/status/2034285176734290283

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Re: State Visit: UK And Nigeria Hold Investment Summits by bewisemasses: 9:18am On Mar 19

Good. But we r more interested in how much was spent for this trip and other overseas trip and what it does for the common man.

Nigerians are bored, tired and fed up with their countless unprofitable trips

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Re: State Visit: UK And Nigeria Hold Investment Summits by naptu2(op): 9:22am On Mar 19

UK in Nigeria @UKinNigeria🇬🇧🇳🇬

In London, we convened a high-level discussion to reinforce an economic partnership centred on private-sector-led growth.

We focused on opportunities that will deepen sector collaboration, unlock investment, and support @NigeriaGov's reforms. 🇬🇧🤝🇳🇬

#GrowUKNG
#UKNGStateVisit

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Re: State Visit: UK And Nigeria Hold Investment Summits by naptu2(op): 9:22am On Mar 19

I've told you that Nigerians always make strange comments when their leaders travel and this time is no exception. I have addressed most of the strange comments, but this time I'm going to address something that I have rarely written about.

Delegations

I noticed the composition of the US president's entourage when he travelled in the 1980s. There were usually businessmen in his delegations and they usually struck deals with their hosts. I wondered why Nigerian presidents didn't do the same thing.

President Ibrahim Babangida made me happy in the early 1990s. He travelled somewhere and took people like Chiefs Gabriel Igbinedion and Sonny Odogwu with him. I was happy.

You see, the private sector is the engine of the economy and it is the private sector that grows the economy, not the government. I wanted Nigerian businessmen and companies to go out and conquer the world.

Let's jump forward a few decades to another time that I was happy. President Goodluck Jonathan travelled to Kenya sometime around 2014 and his visit shook Africa. There were reports that Africa's richest men had descended on Nairobi, some reports were about the number of private jets that flew to Nairobi and the Kenyan finance minister also spoke about it.

And over time I realised that it's not just the private sector, but the president also needs to go with heads of ministries, departments and agencies and also with state governors. We have seen the impact of such trips in recent years.

Trips to China by President Muhammadu Buhari gave us the Lagos-Ibadan Rail Line, the Railway University, the completion of the Warri-Itakpe Line, etc. He took the minister of transport with him.

Trips to the the Middle East (especially the UAE) by President Tinubu led to construction of free estates for victims of Boko Haram attacks and to programmes to render assistance to the victims.

So President Tinubu has travelled to the UK and in his delegation are state governors, ministers, business executives, etc.

Already funny Nigerians are saying that these people only went to the UK to "greet" President Tinubu. They don't know what they are talking about. There are very many events that are happening on the sidelines of the visit and they require the presence of these people (people are talking about Sanwo-Olu and General Musa, but a lot of these investments will be done in Lagos and of course Nigeria is in talks with the UK about training and equipment for our troops).

I would have created a mega thread about these events if I could still post as many pictures as I wanted.

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Re: State Visit: UK And Nigeria Hold Investment Summits by 1bunne4lif(m): 9:23am On Mar 19

I pray it yields fruits, the country is at the brink of collapse

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Re: State Visit: UK And Nigeria Hold Investment Summits by donleo92(m): 9:23am On Mar 19

Investment scheme way be say no dey yield anything huh

But why I never see OUR VERY OWN KEMI cool

Re: State Visit: UK And Nigeria Hold Investment Summits by Skoonheid(f): 9:24am On Mar 19*

Lies. A foundation of lies built by thieves and rogues, still fooling themselves until tomorrow

Cecil Rhodes: "I contend that we are the finest race in the world and that the more of the world we inhabit the better it is for the human race. Just fancy those parts that are at present inhabited by the most despicable specimens of human beings what an alteration there would be if they were brought under Anglo-Saxon influence, look again at the extra employment a new country added to our dominions gives." ~ Cecil Rhodes

Look at King Charles entertaining who they perceive as monkeys and who we know are House slaves , by drawing them in and a horse drawn carriage, while their jesters clap and cheer them on

Re: State Visit: UK And Nigeria Hold Investment Summits by Elvis2kay: 9:25am On Mar 19

United Kingdom can see the progress in TINUBU reform. And they don't wanna stay back & look before china will take all the advantage.

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Re: State Visit: UK And Nigeria Hold Investment Summits by PHIPEX(m): 9:25am On Mar 19

It seems this visit is such a huge achievement for you all.

We are here battling to get 2hrs of electricity, no fuel and no food and you are spamming everywhere with a president that's enjoying himself.

When last did you see Britain say a word about the terrorism in Nigeria? Do they care whether you exist or not?

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Re: State Visit: UK And Nigeria Hold Investment Summits by naptu2(op): 9:25am On Mar 19

Skoonheid:
Lies. A foundation of lies built by thieves and rogues, still fooling themselves until tomorrow

I am here to ensure that you work hard for your money. You will quote and quote, yet it won't change anything.

Tell the people that are paying you to increase your salary.

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Re: State Visit: UK And Nigeria Hold Investment Summits by callmetade: 9:26am On Mar 19

Me as soon as I see Trade and I quickly remember slave trade lipsrsealed

Re: State Visit: UK And Nigeria Hold Investment Summits by Gotocourt: 9:26am On Mar 19

Bandits will come back continue looting undecided

Re: State Visit: UK And Nigeria Hold Investment Summits by saintkel(m): 9:27am On Mar 19

I am not saying d president shouldn't travel or woo foreign investors to Nigeria....I am just worried with our security setup....see Boko boys running rampage here n there n d president don't care?

Re: State Visit: UK And Nigeria Hold Investment Summits by owobokiri(m): 9:28am On Mar 19

"Investment summit" between slaves and the ruthless slave owners..

Re: State Visit: UK And Nigeria Hold Investment Summits by motymop: 9:28am On Mar 19

They British really hosted tinubu like he was trump

Like a whole state banquet

No Nigerian leader have ever received that before

Wondering what the British will ask for

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Re: State Visit: UK And Nigeria Hold Investment Summits by froxydydx: 9:28am On Mar 19

This is the sole motive for inviting BAT over. Device new means to steal natural resources from Nigeria and Africa.

Re: State Visit: UK And Nigeria Hold Investment Summits by naptu2(op): 9:30am On Mar 19

Previous threads:

State Visit: Coventry University To Establish Campus In Lagos
https://www.nairaland.com/8638131/state-visit-coventry-university-establish

State Visit: Zenith Bank Opens Manchester Branch
https://www.nairaland.com/8638165/state-visit-zenith-bank-opens

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Re: State Visit: UK And Nigeria Hold Investment Summits by Elvis2kay: 9:30am On Mar 19

PHIPEX:
It seems this visit is such a huge achievement for you all.

We are here battling to get 2hrs of electricity, no fuel and no food and you are spamming everywhere with a president that's enjoying himself.

When last did you see Britain say a word about the terrorism in Nigeria? Do they care whether you exist or not?

.

Lazy man comment.. stand up and do something .start a bussines and stop demanding everything from government.. Think like Igbo man who dosent wait for what government will offer him in his life time

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Re: State Visit: UK And Nigeria Hold Investment Summits by jmoore(m): 9:33am On Mar 19

University branch in Nigeria na the investment?

Nigeria generates about 5,000 megawatts. Tinubu entered office and still same capacity. All the travels, no tangible investment.

You guys are so funny with ridiculous propaganda.

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Re: State Visit: UK And Nigeria Hold Investment Summits by PHIPEX(m): 9:38am On Mar 19

Elvis2kay:
.

Lazy man comment.. stand up and do something .start a bussines and stop demanding everything from government.. Think like Igbo man who dosent wait for what government will offer him in his life time

Oga, I can employ you. And yes, am an Igbo man.

Once more, same British govt that called you fantastically corrupt is what we are expected to celebrate their invitation. Have they changed their opinion about you?

I guess, we should all continue to depend on generator and solar and forget about the govt to prove to you we are not lazy.

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Re: State Visit: UK And Nigeria Hold Investment Summits by ufotunang: 9:43am On Mar 19

Investments work perfectly with constant electricity light supply..so government also try and fix the power sector.. electricity .. for constant electricity light supply will create a conducive environment for businesses , companies industries, investments to thrive and excel and boost the economy and country

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Re: State Visit: UK And Nigeria Hold Investment Summits by naptu2(op): 9:43am On Mar 19

There are so many more to come, but because of Nairaland's restrictions I'll be posting them bit by bit.

Yesterday I created threads about the ceremonial side of the visit, today I've created threads about the business side. Tomorrow I'll create more threads about the ceremonial and then the next day will be about business.

Stick around.

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Re: State Visit: UK And Nigeria Hold Investment Summits by naptu2(op): 9:47am On Mar 19

Apapa Port, Zenith Bank, Ebony Life, Monie Point, Ovaltine and other investment announcements as President Tinubu visits the UK

Statement from the UK Ministry of Business and Trade.

Hundreds of new UK jobs as Nigerian companies confirm millions in investment

Hundreds of new UK jobs are set to be created as Nigerian companies scale up their operations, reinforcing Britain's position as a leading global business hub.

From: Department for Business and Trade, The Rt Hon Peter Kyle MP and The Rt Hon David Lammy MPPublished17 March 2026

⚫️ Nigerian companies including LemFi, Kuda, Moniepoint and Fidelity Bank expand UK operations.

⚫️ Major boost to North West economy as Zenith Bank opens new Manchester branch.

⚫️ Twinings Ovaltine opens £24 million Lagos manufacturing facility, ahead of historic Nigerian State Visit this week.

Hundreds of new jobs are set to be created across the UK as Nigerian banks, fintech innovators and creative industry businesses scale up their operations in Britain.

The move will see millions invested into the UK economy and reinforces the UK’s position as a leading global business hub, backed by world‑class talent, strong access to capital, and a stable regulatory environment - while showcasing Nigeria’s expanding role as a key source of innovation and investment into the UK.

It comes as the President of the Federal Republic of Nigeria, Mr. Bola Ahmed Tinubu, accompanied by the First Lady, Mrs. Oluremi Tinubu, are set to commence an historic State Visit on Wednesday, strengthening the UK’s position as a global hub for African business.

Thanks to the UK’s Trade and Industrial Strategies – combined with commitments made through the UK–Nigeria Enhanced Trade and Investment Partnership (ETIP) – the government is attracting investment into key growth sectors including financial services, technology, education and advanced manufacturing.

The Deputy Prime Minister held an ETIP reception yesterday at Kensington Palace, bringing together 180 senior representatives from government and industry to celebrate the breadth, depth, and continued growth of our trade relationship across priority sectors including financial services, education, creative industries, infrastructure and technology. Florence Eshalomi, UK Trade Envoy to Nigeria, also addressed the group.

Business and Trade Secretary Peter Kyle said:

"The UK and Nigeria share a belief in the power of enterprise, innovation and education to transform lives, and today’s commitments show exactly that.

With Nigerian firms creating jobs across the UK and British businesses expanding into one of the world’s fastest growing markets, our partnership is strengthening both economies and delivering real benefits for people in both countries".
Deputy Prime Minister David Lammy said:

"The UK and Nigeria’s Strategic Partnership is bringing momentum and opportunity to innovators in both our countries. We are reducing barriers, creating jobs and opening new pathways for growth.

Growth is the core mission of this government and it underpins our relationship with Nigeria. I am deeply proud that the cultural and commercial bonds between our nations are thriving and that both our businesses and people are feeling the benefits of that".
Zenith Bank, one of Nigeria’s largest financial institutions, opens its Manchester branch today [Tuesday 17 March] with the capacity to create up to 30 new direct jobs in a boost for the North West economy. The bank is also exploring a 2027 London Stock Exchange listing to deepen its UK market presence and unlock long-term funding for UK–Africa growth.

Fidbank plans to double its 62‑person workforce in 2026 and add new capital, while the Fidelity Group makes London its global hub. FCMB has also selected the UK as the first international destination for its digital cross border payments platform, boosting trade and investment flows between Africa and the rest of the world. Seven Nigerian banks now operate in the UK, supporting at least 1,000 jobs in total.

Dame Dr. Adaora Umeoji OON, Group Managing Director/CEO, Zenith Bank PLC said:

The United Kingdom remains a key global financial centre. The opening of Zenith Bank, Manchester, therefore, marks another important milestone in our international expansion strategy, enabling us to deepen relationships with our customers, support trade and investments, and connect businesses between Africa and the UK more effectively.
Nigerian fintech investment is also accelerating rapidly:

⚫️ LemFi will invest £100 million over the next five years as it designates London its global headquarters.

⚫️ Moniepoint plans to grow its London based team to 100 employees in 2026, building the infrastructure that supports millions of African users worldwide.

⚫️ Kuda Bank is strengthening its UK headquarters as the base for global expansion and plans to double its UK footprint in 2026.

The UK’s reputation as a global creative capital also continues to deepen ties through:

⚫️ EbonyLife, one of Nigeria’s leading creative industry brands, will launch EbonyLife Place London, creating up to 40 new jobs and strengthening the UK’s role as a home for African storytelling and creative talent.

⚫️ The SCALE Creative Entrepreneur Award Programme, developed by the British Council and supported by DBT, will support young Nigerian and UK creative entrepreneurs to grow internationally and build lasting ties to benefit both the UK and Nigerian creative economies.

⚫️ The UK Advertising Exports Group will announce a strategic partnership with the Nigerian advertising sector. This will include a UK-Nigeria Advertising Summit taking place later this year and a talent exchange scheme which will deepen bilateral engagement.

⚫️ The British Council and the Federal Ministry of Art, Culture, Tourism and Creative Economy in Nigeria, will deliver the UK/Nigeria Season of Culture in 2028, involving a range of innovative initiatives and events designed by UK and Nigeria creative organisations.

⚫️ A Creative Industries Roundtable at Lancaster House will bring together alumni, Chevening scholars and creative leaders from both countries.

The following British businesses are also set to benefit thanks to:

⚫️ Twining’s Ovaltine launching a £24 million manufacturing facility in Lagos, its first in Africa, creating over 100 direct jobs and boosting the company’s exports across West Africa.

⚫️ British fintech Wise will receive approval for its first Nigerian licence, enabling it to expand in a remittances market valued at up to £39.9 million.

⚫️ The Nigeria Sovereign Investment Authority (NSIA) has signed an agreement with Asset Green Ltd to explore a largescale integrated dairy project that will strengthen Nigeria’s dairy value chain, reduce reliance on imports and improve nutrition.

Leading UK universities are also expanding into Nigeria, helping train the next generation of Nigerian and British scientists, technologists and innovators. Nigeria is a key education partner and a priority country for the UK’s International Education Strategy.

⚫️ The University of Birmingham and the University of Lagos have signed a new agreement to deliver programmes in Applied AI, Digital Communications and Global Surgery.

⚫️ The LSE has launched a new Data Science partnership with Nile University of Nigeria alongside the University of the West of England opening a dedicated office in Lagos.

⚫️ Wellington College International Lagos will open in 2027, offering places for 1,500 students - becoming one of West Africa’s flagship British curriculum schools.

⚫️ EStars, a UK‑owned educational esports and technology company, will partner with the Lagos State Ministry of Basic and Secondary Education to deliver esports‑based digital learning programmes to around three million students.

Notes to Editors:

⚫️ With bilateral trade now at an all-time high of £8.1 billion a year, the UK and Nigeria are showing how countries grow faster when they grow together.