The United Kingdom on Tuesday advised the Buhari government to improve the investment climate to attract more investors to Nigeria.
UK Foreign Secretary, Jeremy Hunt, said this at a meeting with Vice-President Yemi Osinbajo, during the first Nigeria-UK Economic Development Forum (EDF), hosted by the Federal Government at the Presidential Villa.
The EDF was signed in August 2018 by President Muhammadu Buhari and Prime Minister Theresa May in London as a platform to foster economic and development ties between Nigeria and the United Kingdom.
He noted that Nigeria’s current demographics require government and other stakeholders to improve efforts and other interventions aimed at tackling unemployment and other challenges.
Hunt advised the government to adopt steps aimed at improving the investment climate one of which is the approval of the revised Companies and Allied Matters Act.
Also speaking, the Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah said a number of key decisions were reached at the end of the first Nigeria-UK Economic Development Forum, including work streams on standards, business to business linkages, clarification of regulatory frameworks, manufacturing and technology transfer, amongst others.
The highpoint of the event was the signing of the communique reached at the end of the first Nigeria-UK Economic Development Forum, by Enelamah and Hunt.