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UK Expresses Willingness to Attract More Investments to Nigeria



By Aduragbemi Omiyale

The United Kingdom has promised to continue to strengthen its business relationship with Nigeria, one of its former colonies.

The Deputy British High Commissioner, Lagos, Mr Ben Llewellyn-Jones, said his country was particularly ready to always support the Nigerian Exchange (NGX) Limited and attract more investments to the country.

Speaking last Friday when he was honoured with the virtual closing gong ceremony, the diplomat said the UK and the exchange have a very cordial relationship of many years.

“It gives me great pleasure to be here today especially given the shared history between the United Kingdom (UK) and the exchange.

“History is always with us in the sense that the UK is still very active in the Nigerian market, with Nigeria being the second-largest destination for investments and UK business in Sub-Saharan Africa.

“My role is to not only celebrate that but to grow, encourage and sustain this level of participation.

“Although it has been a difficult year economically and financially, I am encouraged by the resilience, creativity and positive performance of British businesses and investments here in Nigeria and I am grateful for this opportunity to talk about how much the UK will continue to do to support Nigeria and British businesses in Nigeria,” Mr Llewellyn-Jones said while expressing his gratitude for being given the privilege to sound the virtual gong to bring the day’s trading activities to a close.

In his remarks, the Chief Executive Officer of NGX Limited, Mr Temi Popoola, thanked the UK for always supporting the exchange.

“I am particularly pleased to be hosting the British Deputy High Commissioner, Lagos, Mr Ben Llewellyn-Jones OBE, as my first closing gong ceremony in this NGX era.

“Since the birth of the Lagos Stock Exchange, the British High Commission has remained a partner and supporting institution throughout our journey.

“One of the recent shows of support was in our 2020 International Women’s Day celebration which was graced by Harriet Thompson, British Deputy High Commissioner as the special guest of honour,” he said.

“In the spirit of continued partnership, I welcome Mr Llewellyn-Jones to the NGX as I look forward to deepening the partnerships between both organisations to further drive sustainable economic development for Nigeria and Africa as a whole,” he further said.

Aduragbemi Omiyale is a journalist with Business Post Nigeria, who has passion for news writing. In her leisure time, she loves to read.

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