Connect with us

International

UK to Host African Investment Summit in April 2024

Published

on

UK to Host African Investment Summit in April 2024

By: Michael Mike

The British Prime Minister, Rishi Sunak
will be hosting African leaders in London for the second UK-African Investment Summit between 23 and 24 April, 2024 building on the £6.5 billion of deals and £8.9 billion of investment commitments achieved at the 2020 summit.

A statement from the British High Commission in Nigeria on Thursday explained that the Summit aims to promote two-way trade and investment, creating jobs and growth and supporting women entrepreneurs.

The statement added that the announcement comes as HM Revenue and Customs sign an MoU with the Federal Inland Revenue Service to help increase Nigeria’s domestic revenues

The statement read: “The Prime Minister will host a UK-African Investment Summit in London on 23-24 April 2024. The Summit will bring together Heads of State and Government from 24 African countries with British and African business leaders. It will strengthen UK-African partnerships to create jobs and growth, supporting British and African talent in sectors such as finance and technology, and promote women entrepreneurs.

“The Summit will build on the results of the UK-African Investment Summit 2020 and virtual UK-African Investment Conferences in 2021 and 2022. The UK-African Investment Summit 2020 marked an important milestone in our partnerships with African countries and announced over £6.5bn of deals, plus a further £8.9bn of investment commitments.

“By 2050, two billion people will live in Africa, more than half will be under 25. During the next two years, faster economic growth is expected across Sub-Saharan Africa than the global average. And as the world faces the stark and shared challenge of climate change, the UK is working with African countries to support them to mitigate and adapt to its effects, recognising Africa’s abundant potential for renewable energies of the future.”

The British Prime Minister Rishi Sunak was quoted to have said: “To grow the UK’s economy, create opportunities for growth and bolster our economic security, we must deepen our ties with partners across the world.

“This summit will ensure we are able to harness the potential of our relationships across Africa and grow our economies together, making them stronger, resilient, and innovative.”

By facilitating business-to-business links, trade opportunities and investment, UK-AIS will help harness this potential for the creation of mutual prosperity, economic growth, jobs and a global transition to green energy.

Foreign, Commonwealth and Development Secretary, James Cleverly, working closely with the Secretary of State for Business and Trade and President of the Board of Trade, Kemi Badenoch, will lead work across Whitehall to prepare for the Summit.

The Foreign Secretary James Cleverly said: “The UK’s trade and investment relations with countries right across the African continent are delivering significant mutual economic benefits to all of us.
“Affirming the UK’s position as a leading investor in Africa, this second African Investment Summit in London will build on our successes since 2020 which have combined the strengths, innovations and expertise of the UK and our partners across Africa to support reliable, sustainable and long-term investment.
“The UK and Africa go far when we go together.”

The Foreign Secretary committed last December to focusing on partnerships of the future with countries whose economies, populations and ultimately influence globally are growing. He sees countries in Africa as central to this and is seeking to build on our partnerships across the continent on the basis of respect, mutual benefit, common interests, and, most importantly, by listening to African countries’ perspectives.

To further this commitment, the UK’s HM Revenue and Customs (HMRC) has today, signed a memorandum of understanding with the Federal Inland Revenue Service (FIRS) to help increase Nigeria’s domestic revenues.

The Memorandum of Understanding (MOU) will help ensure that Multinational Enterprises (MNEs) pay the right amount of tax in Nigeria. It will also help assess tax liabilities of firms and High Net Worth Individuals (HNWIs).

The UK and Nigeria have confirmed their shared interest in pursuing a potential Enhanced Trade and Investment Partnership (ETIP) which will offer an alternative high-profile mechanism to progress bilateral economic issues of mutual strategic importance.

This was agreed in November 2022 at the 8th and final UK-Nigeria Economic Development Forum (EDF) established primarily by former Prime Minister, Theresa May and President Muhammed Buhari in August 2018 to address market access barriers, respond to opportunities and challenges of doing business and boost bilateral trade and investment between the our two countries. Under the ETIP, both countries will continue to work together to resolve market access issues and enhance economic cooperation.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

International

UK, Nigeria Deepen Digital Cooperation Through Benchmarking and Knowledge Exchange

Published

on

UK, Nigeria Deepen Digital Cooperation Through Benchmarking and Knowledge Exchange

By: Michael Mike

The United Kingdom and Nigeria have advanced their strategic partnership through a high-level international benchmarking and knowledge exchange tour focused on end-to-end clearance of IT projects and procurement of public digital products and services.

Hosted by the UK Foreign, Commonwealth & Development Office (FCDO), through its Digital Access Programme, in collaboration with leading UK digital governance institutions, including Government Digital Service (GDS), Public Digital, Crown Commercial Service (CCS), British Standards Institute, and the FCDO Cyber Policy Department, the programme brought together senior officials from Nigeria’s National Information Technology Development Agency (NITDA), Galaxy Backbone Limited (GBB), Nigeria Data Protection Commission (NDPC), for a week-long engagement in London from 23 to 28 November 2025.

The programme built on the UK–Nigeria Strategic Partnership’s pillars of economic development, governance reform, and technology cooperation, ensuring that both countries leverage digital innovation to drive inclusive growth and secured public services.

A statement on Wednesday by FCDA said for Nigeria, this engagement will inform the enhancement of NITDA’s IT Project Clearance, improve procurement efficiency, and embed global best practices in cybersecurity, digital and data governance of public digital services. This engagement reinforces the UK’s role as a trusted partner for Nigeria’s inclusive digital transformation journey as well as open access to the UK technology supply chain for the Nigerian market.

While delivering the opening remarks, Kashifu Inuwa Abduallahi, NITDA Director General represented by Dr Usman Gambo Abdulahi, the Director IT project Clearance Unit said: “At the heart of Nigeria’s reforms is our determination to improve government service delivery, reduce waste, strengthen cybersecurity, and build trust in public digital systems. Modernising the IT Projects Clearance process therefore is a key enabler to achieving this vision. I commend the UK’s FCDO through the Digital Access Programme for its consistent support to Nigeria’s digital transformation journey. I thank UK Government and its various departments for agreeing to share insights and expertise that will certainly strengthen our institutions and our nation’s governance capacity”.

The FCDO’s Director for International Science and Technology, Ros Eales, said:

“Nigeria is a key partner of the UK in the tech sector. Working with partner countries like Nigeria is to ensure that digital transformation works for all and is safe, secure, and sustainable. This becomes even more important in an era of rapid technological evolution, accelerated by AI, with all its benefits to reap and risks to manage.”

the British deputy high commissioner in Lagos, Jonny Baxter, said: “The UK is proud to stand as a key partner to Nigeria, leveraging our expertise to drive knowledge exchange in digital governance and institutional reform. This technical collaboration underscores our longstanding commitment to Nigeria’s digital transformation and to building strategic partnerships that deliver shared economic growth for both nations.”

Head of Digital Development in FCDO London, and global lead of the UK Digital Access programme (DAP), Alessandra Lustrati, presented the Digital Development Strategy 2024-2030 to the Nigerian delegation and highlighted the importance of supporting best practices in the digital transformation of government, to ensure digital services are accessible, open, and citizen-driven, within a safe and secure digital environment

UK, Nigeria Deepen Digital Cooperation Through Benchmarking and Knowledge Exchange

Continue Reading

International

United Kingdom, Canada, Australia Launch Campaign Against Visa Fraud

Published

on

United Kingdom, Canada, Australia Launch Campaign Against Visa Fraud

By: Michael Mike

The Diplomatic Missions of the United Kingdom, Canada and Australia have announced the launch of a coordinated international campaign to combat visa fraud and protect people from exploitation by fraudulent immigration facilitators.

According to a statement on Monday, the #FightingVisaFraud campaign was launched during International Fraud Awareness Week (16-22 November) and represents an unprecedented level of cooperation between the three countries to tackle a shared global threat that costs victims millions of pounds annually and puts vulnerable people at risk of exploitation, financial ruin and legal consequences.

The statement read: “Visa fraud and illegal immigration facilitation have reached alarming levels globally, with criminal networks using increasingly sophisticated tactics to deceive prospective visa applicants. Victims are often promised guaranteed visas, jobs without proper qualifications, or expedited processing in exchange for exorbitant fees. The reality is financial loss, visa refusals, travel bans and, in the worst cases, trafficking and exploitation.

“Our countries have identified common patterns of visa fraud affecting their immigration systems. This coordinated campaign demonstrates the three countries’ commitment to protecting legitimate visa applicants while maintaining the integrity of their immigration systems and secure borders.”

British High Commissioner to Nigeria, Dr. Richard Montgomery said: “Visa fraud destroys dreams and devastates families. Criminal facilitators prey on people’s legitimate aspirations for a better life, stealing their money and putting them at risk of serious harm. Through this joint campaign with our international partners, we are sending a clear message: use only official channels, verify all advice, and report suspicious activity. The UK welcomes legitimate visa applications through proper routes – but those who attempt fraud face serious consequences, including 10-year travel bans.”

Canadian High Commissioner to Nigeria, Mr. Pasquale Salvaggio added: “Canada is committed to working with our international partners to combat visa fraud and protect people from exploitation. This campaign reflects our shared values and determination to maintain fair, secure immigration systems while supporting those who seek to travel, study or work through legitimate pathways.”

The statement added: Our three countries urge prospective visa applicants to: Use only official government websites for visa information and applications; Verify immigration advisers are properly registered and regulated; Be suspicious of guarantees, no one can guarantee visa approval; Watch for warning signs including demands for excessive fees, pressure to pay quickly, promises of jobs without proper qualifications, or offers to bypass standard requirements; Report suspicious activity to the relevant authorities.

The statement advised applicants seeking legitimate information to visit: www.gov.uk/browse/visas-immigration (United Kingdom); immigration, Refugees and Citizenship Canada – Canada.ca (Canada)

The statement warned that people who attempt to obtain a visa through fraudulent means face serious consequences, including visa application refusal, travel bans of up to 10 years, financial loss with no recourse, criminal charges in some jurisdictions, and exploitation and trafficking risks, noting that the three countries’ immigration authorities work closely with law enforcement to investigate and prosecute visa fraud and illegal facilitation.

United Kingdom, Canada, Australia Launch Campaign Against Visa Fraud

Continue Reading

International

Algeria Calls for Continued Development, Stronger Ties with Nigeria

Published

on

Algeria Calls for Continued Development, Stronger Ties with Nigeria

By: Michael Mike

Algeria’s Ambassador to Nigeria, Hocine Mezoued has reaffirmed his country’s commitment to sustainable development and stronger ties with Nigeria.

He gave the commitment in Abuja at the commemoration of the 71st anniversary of the outbreak of the National Liberation Struggle and Algeria’s National Day celebration.

The event drew senior representatives of the Nigerian government, members of the diplomatic corps, legislators, and other distinguished guests.

In his address, Ambassador Mezoued paid homage to the more than five million Algerian martyrs who lost their lives during the 132-year anti-colonial struggle, noting that the November Revolution remains “an inexhaustible source of pride and patriotism” for the Algerian people.

He emphasized that Algeria’s victory in securing independence in 1962 laid the groundwork for a nation strongly focused on development. He said: “Since its independence, Algeria has implemented national strategies and major development projects that have yielded remarkable achievements in human, economic, social, and environmental spheres.”

The envoy while underlining the country’s economic strength, noted that Algeria is currently the third-largest economy in Africa, with a GDP estimated at around US$300 billion, and projections to reach US$400 billion by 2027, backed by positive macroeconomic indicators.

He stated that despite its economic ambitions, Algeria has maintained its social welfare commitments, claiming that citizens continue to enjoy free access to education and healthcare, along with government-supported efforts to ensure decent housing for all.

Mezoued’s message highlighted both the historical significance of Algeria’s struggle for independence and the nation’s forward-looking drive toward modernization and prosperity.

On his part, the Speaker of Nigeria’s House of Representatives, Rt. Hon. Tajudeen Abbas expressed the country’s commitment to deepening diplomatic and parliamentary cooperation with Algeria as both nations continue to strengthen their longstanding ties.

The Speaker, who was represented by the Chairman of the Nigeria–Algeria Parliamentary Friendship Group Committee, Hon. Abubakar Babazango, in goodwill message described the anniversary as a moment of deep significance for Algeria and the entire African continent. He paid tribute to the courage and resilience of the Algerian people, whose struggle for liberation, launched 71 years ago, remains “an enduring symbol of hope” for oppressed peoples worldwide.

He said: “This day reminds us of the unity and sacrifice of the Algerian people who rose with determination to reclaim their freedom and dignity.”

He highlighted the strong diplomatic ties between Nigeria and Algeria, noting that both countries share a history of solidarity and a common vision for peace, development, and prosperity in Africa. He emphasized the role of the Nigeria–Algeria Parliamentary Friendship Group in fostering collaboration across key sectors, including trade, education, energy, and cultural exchange.

He said: “As we mark this historic occasion, may the friendship between Nigeria and Algeria continue to grow in unity and progress.”

The event was attended by members of the diplomatic corps, government officials, legislators, and other distinguished guests.

Algeria Calls for Continued Development, Stronger Ties with Nigeria

Continue Reading

Trending

Verified by MonsterInsights