British investors concerned about harmful business practices in Nigeria, says UK government official

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Nigeria's independent online newspaper

bySimon Manley, the UK's permanent representative to the World Trade Organization and United Nations in Geneva

“In particular, we have been pleased to see the work done to improve the monetary policy environment and the removal of fuel subsidies,” Manley said.“However, to be honest Permanent Secretary, we would like you to go even further and faster. For example, there are concerns around the impact of state-owned enterprises on the business environment.

“So we would encourage our Nigerian colleagues to address these harmful practices in order to boost investment, boost trade, improve its business environment and ultimately increase Nigerian prosperity.”Manley said the African Continental Free Trade Agreement is already benefiting Nigeria’s economy and business environment.

“So, we look forward to Nigeria implementing that Digital Trade Protocol to the benefit of its businesses, its consumers, and its future growth.”As a co-chair of the informal working group on gender, Manley also lauded Nigeria’s commitment to empowering women economically.

 

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