The government of the United Kingdom has helped to attract $85 million investment into Nigeria’s manufacturing sector through its Manufacturing Africa programme since 2020.
According to a statement by Ndidiamaka Eze, Senior Press & Public Affairs Officer at the British High Commission, Baxter said that the Manufacturing Africa programme has so far supported 31 Nigerian companies to raise investment in sectors including agro-processing, industrial parks, pharmaceuticals, vehicle manufacturing, e-mobility, and renewable energy.
Baxter said that the fund would enhance Nigeria’s commitments toward boosting private-sector led economic growth. According to him, the advisory services that the programme has provided to the companies included financial analysis, modelling, commercial diligence analysis and strategic business planning.