United Kingdom Trade and Investment, UKTI, Envoy to Nigeria, John Howell, has pledged to strengthen trade ties with the nation’s stock market.
Howell made this known during the bell ringing ceremony at the Nigerian Stock Exchange, NSE, in Lagos on Wednesday, July 17, stating that the British government was ready to invest in Nigerian market, Leadership reports.
He stated that Nigerian market has a lot of untapped business potential, stressing the need for more trade collaboration between the two countries. Howell said that NSE was important to the development of Africa’s economy and UK government was interested in the growth prospect.
The Envoy stressed that that the nation’s capital market was endowed with great opportunities despite the challenges Africa’s economy was facing.
He noted that the recent Brexit vote in UK was a major opportunity for African countries to have more stakes in the UK economy.
He stated that part of the effects of UK’s withdrawal of her membership from the European Union would enable UK business community to do more businesses in Nigeria. According to him, it was also good opportunity for Nigerian companies to get involved in the UK market.
Howell stated that there was a dedicated department in the UK that helps to galvanise business relationship between UK and other trade partners. He called on the government to leverage on opportunities in the capital market to grow the economy.
