FG Assures UK Businesses Operating in Nigeria of Support

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The Nigerian government has stated that UK businesses operating in Nigeria will continue to receive the required support from the FG, notwithstanding the difficult business environment that has hampered access to FX for UK-based firms.

This was revealed by Chief Adeniyi Adebayo, Minister of Industry, Trade and Investment, and Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), during a meeting with UK businessmen in Abuja on Thursday.

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The Trade Minister stated that the Federal Government was doing everything possible to ensure that investors in the Nigerian economy received the necessary support to grow their businesses, citing that the companies’ growth and improved earnings would be a boon to the economy.

Representatives of the Uk Business team urged the FG to make available, more FX to enable efficient operation costs for them as the FX was needed to pay lenders and maintain their equipment.

UK Companies represented at the meeting include GlaxoSmithKline, Savanna Energy, AzuraPower West Africa and Guinness Plc.

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