Business & Economy

Despite recession, Nigeria is the fastest growing economy in Africa – UK Envoy


Despite recession, Nigeria is the fastest growing economy in Africa – UK Envoy

The United Kingdom Trade Envoy to Nigeria, Helen Grant, on Saturday said that Nigeria was the fastest growing economy in Africa.

Ms Grant said this at the two-day Nigerian Diaspora Investment Summit (NDIS) organised by Nigerian in Diaspora Commission (NiDCOM), in collaboration with Nigeria Diaspora Summit Initiative (NDSI).

The activity, which is the third edition, began on November 20 and will end on Saturday.

It has the theme: “Post-COVID-19 Economic Resurgence: Targeting Diaspora Investment”.

Our correspondent quotes Ms Grant as saying that it will strengthen UK, Nigeria relations.

Recall that Nigeria entered its second economic recession in five years, also its worst economic decline in four decades.

However, the UK official appeared optimistic of the nation’s prospects.

She said that her government was ready to educate, and also learn from, Nigeria by enhancing the bilateral trade between both countries.

She added that UK and Nigeria had so much that unite them, especially in the areas of culture and language, and stressed the need to build on such existing relations to bring about economic growth.



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