UK envoy pledges support for Nigeria capital market

United Kingdom Trade and Investment (UKTI) envoy to Nigeria, John Howell has pledged to strengthen trade ties with Nigeria capital market.

Howell stated this during the ‘Bell ringing ceremony’ at the Nigerian Stock Exchange in Lagos, saying the British government is ready to invest in Nigerian market.

He stated that Nigerian market has a lot of untapped business potential, stressing the need for more trade collaboration between the two counties.

Howell said that, NSE was important to the development of Africa economy an UK government was interest in the growth prospect.

He stressed that, that the nation’s capital market is endowed with great opportunities despite the challenges Africa economy is facing.

He noted that the recent Brexit vote in UK is a major opportunity for African countries to have more stakes in the UK economy.
“It is also good opportunity for Nigerian companies to get involved in the UK market and we have to look at the increased prosperity in both sides as being one great thing that I will want to achieve.”

Howell stated that, there is a dedicated department in the UK that helps to galvanize business relationship between UK and other trade partners, urged government to leverage opportunities in the capital market to grow the economy.