UK, Nigeria Seal ₦1.4tn Strategic Trade Deal to Deepen Economic Ties
London — The United Kingdom and Nigeria have agreed on a series of new export and investment deals valued at approximately ₦1.4 trillion, as both countries seek to strengthen economic cooperation and expand trade opportunities.
Speaking on Thursday, UK Prime Minister Keir Starmer said the agreements mark a new phase in the strategic partnership between the UK and Nigeria, emphasizing that the collaboration will support economic growth, create jobs and open new markets for businesses in both nations.
According to the UK government, the agreements cover several sectors including technology, finance, energy, and infrastructure, areas where both countries are looking to deepen collaboration. The fresh export deals are expected to boost bilateral trade while encouraging investment flows between the two economies.
Starmer noted that Nigeria remains one of the United Kingdom’s most important economic partners in Africa, adding that the strengthened alliance reflects London’s commitment to expanding trade relationships across the continent.
Officials said the agreements will provide opportunities for British companies to expand their presence in Nigeria, while also helping Nigerian businesses gain improved access to UK markets, expertise and financing.
The development comes amid broader efforts by both governments to enhance economic cooperation, strengthen diplomatic relations and promote sustainable development through strategic partnerships.
Analysts say the new agreements could further position Nigeria as a key gateway for UK trade and investment in West Africa, while also supporting Nigeria’s drive to diversify its economy and attract foreign investment.
Government representatives from both countries are expected to continue discussions in the coming months to finalise implementation plans and explore additional areas of collaboration.
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