The Federal Government has entered into eight agreements with the United Kingdom in which the country is poised to reap about N589 billion (£272.6 million) from eight pacts signed with the United Kingdom.
The agreements were signed on Thursday in Abuja with the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, signing on behalf of Nigerian government while UK Charge d’ Affaires, Ms Cynthia Rowe, signed for her country. Both nations commit to collaboration in critical sectors, including governance, climate change, education, health, and the economy.
Welcoming Rowe and his team to the signing ceremony at the ministry’s headquarters in Abuja, Bagudu expressed appreciation for the UK government’s support, saying it was a significant show of friendship.
He said the timing of the implementation agreement was significant given the downward trend of world economies. “Many economies in the world are going through turbulent times. Nigeria and the UK are not exceptions,” he stated.
The minister praised the UK’s spirit of partnership, which enabled it to support other countries despite its economic challenges. Bagudu noted that some agreements would benefit more than Nigeria, explaining that they deal with global issues.
