UK High Commissioner and Vice President Kashim Shettima
In an interview with the press members on Wednesday, June 21, 2023, after a visit to Vice President Kashim Shettima, British High Commissioner to Nigeria, Richard Montgomery commended Nigeria for its recent economic decisions like subsidy removal and exchange rate reform.
He said: ”I think we already have a good economic dialogue, but there is a potential to do more. As I discussed with His Excellency, the big economic decisions being taken by this government are important and are being noticed around the world: the removal of subsidies; the exchange rate reform; all of that creates a much better investment environment.
“I was in London last week, briefing my ministers and also talking to British business in finance, banking, and investment sectors. They are all responding very positively to these first decisions.
“We know that there are tough times that are going on at the moment, inflation and unemployment. The Vice President and I also touched on some of the measures that might be possible to cushion the blow of some of these economic pressures.
“But I think the big issue is that these reforms help put Nigeria on a higher growth path; they will attract more investments and the United Kingdom and the city of London see Nigeria as a big opportunity going forward. I will be doing my part to try to boost those, enhance trade and investment.”
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