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    Nigeria, UK sign N589billion deal

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    The Nigerian government and the United Kingdom have signed eighty partnership agreements worth approximately N589 billion (£272.6 million).

    The agreements, signed by Minister of Budget and Economic Planning Senator Abubakar Bagudu and UK Charge d’ Affaires Ms. Cynthia Rowe, aim to promote collaboration in critical sectors such as governance, climate change, education, health, and the economy.

    The agreements demonstrate the UK’s commitment to supporting Nigeria’s development agenda, with a focus on macroeconomic stability, investment, and economic growth. The partnership will also address global issues such as health, climate change, and governance.

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    The UK’s Foreign and Commonwealth Development Office (FCDO) has set four clear objectives for the partnership agreements, including delivering honest investment, providing women and girls with the freedom to succeed, stepping up life-saving support in times of crisis, and promoting sustainable economic development.

    The agreements include the Human Assistance and Resilience Program (HARP), the Nigeria Governance and Climate Change Programme (NGCP), the Strengthening Peace and Resilience in Nigeria (SPRING) program, and others, which aim to address various development challenges in Nigeria.

    The partnership agreements reflect the long-standing cooperation between Nigeria and the UK, with the UK having spent over £1 billion on various programs in Nigeria. The agreements are expected to contribute to Nigeria’s economic revival, growth, and development.

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