Business

UK, Nigeria Launch £15m Growth Programme to Boost Investment

The United Kingdom and Nigeria have launched a £15 million growth programme aimed at unlocking investment and accelerating economic transformation as both nations deepen their partnership.

This was announced as the UK Minister for Africa and International Development, Ms Jenny Chapman, concluded a two-day visit to Nigeria, during which she announced the new £15 million Growth Programme, deepened cooperation on digital transformation and health, and visited communities benefiting directly from UK investment on the ground.

The visit, spanning Abuja and Kaduna, underscored the breadth and depth of the UK–Nigeria Strategic Partnership and marked a significant step towards both countries’ shared priorities.

According to a statement, the centrepiece was the meeting with Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele. During their meeting, they discussed the new UK–Nigeria Growth Programme.

Over three years, it will accelerate economic transformation, unlock private investment and support Nigeria’s transition from macroeconomic stabilisation to sustained, reform-led growth. Alongside the Growth Programme, the UK announced deeper collaboration on Nigeria’s digital economy through the SPRIRET initiative, delivered under the UK’s Digital Access Programme. SPRIRET will support digital governance reforms across five Nigerian states, reducing regulatory barriers and enabling greater investment and innovation in broadband, digital services and emerging technology.

Speaking on the partnership, Mr Oyedele said, “We continue to value the UK–Nigeria relationship, one of the most important partnerships for both our countries. Today, that relationship extends beyond traditional ties and now focuses on development, growth, and shared prosperity.

“The UK–Nigeria Growth Programme helps bring this partnership to life—supporting capital market development, technology investment, small businesses, and technical assistance. We look forward to seeing how these opportunities deliver lasting benefits and drive progress for both countries.”

During the visit, Ms Chapman met with the Minister of Industry, Trade and Investment, Mrs Jumoke Oduwole and discussions covered progress under the Enhanced Trade and Investment Partnership (ETIP), including boosting exports via the Developing Countries Trading Scheme, fintech and capital markets links.

In Kaduna, she met with Governor Uba Sani to take stock of over 20 years of UK–Kaduna partnership and explore how cooperation can deepen shared priorities.

She also heard from the business community and key institutional investors about their investment aspirations and the role of the UK in supporting investment mobilisation and enabling climate finance, and met with community animal health workers and livestock breeders to discuss the UK’s support on breeding techniques, animal health and livestock vaccines.

The UK minister also visited Unguwan Sanusi Primary Health Care Centre, which serves approximately 20,000 people in Kaduna South, hearing directly from patients and frontline health workers about the impact of UK-supported health programmes.

At the end of the visit, she said, “This visit has reinforced everything I believe about the UK–Nigeria partnership. That it is deep, it is real, and it is moving in the right direction. From launching our new Growth Programme with Honourable Minister Oyedele, to meeting from frontline health workers in Kaduna — every conversation this week has shown me a country full of ambition and a partnership that is genuinely delivering for both sides.

“Nigeria is a partner that the UK is proud to stand alongside and I leave more convinced than ever that the next chapter of this partnership is its most exciting yet. The UK is here for the long term, and we are ready to grow together.”