UK-Africa: What Britain must do to boost trade and investment across the continent | The Guardian Nigeria News - Nigeria and World News

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 94%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

ICYMI: UK-Africa: What Britain must do to boost trade and investment across the continent | The Guardian Nigeria News - Nigeria and World News

FILE PHOTO: President Cyril Ramaphosa delivers his State of the Nation address at parliament in Cape Town, South Africa. REUTERS/Sumaya Hisham/File Photo

A more prosperous Africa is straightforwardly good for Britain – and yet Africa accounts for just 2.5 per cent of the UK’s trade. South Africa and Nigeria, the continent’s two largest economies, make up 60 per cent of the entire UK-Africa trade relationship. Our investments lag well behind those of France and the United States. It is true that where Britain has idled, other less than democratic powers have stepped in.

The UK must now seize the initiative. Last year’s Africa Investment Summit, which brought together 14 African leaders in London, marked an important step in the right direction. The COVID-19 pandemic should spur us further into action, as African economies look to bounce back strongly. With foreign and development policy now managed under one roof, I hoped to see a greater emphasis on using the UK aid budget to support this kind of infrastructural development, alongside valuable social projects to promote gender equality, education, democracy and other core values.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria is a disgrace to African nation Nigeria leading African nation into the right part, look at where we are just nowhere everything we are waiting for the white to do for us, no single example to prove the giant of africa, shame has no pride that where we are... Godcomment

Na buhari de tell Britain what to do? Wahala no fit finish.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines