British High Commissioner Commends President Tinubu’s Economic Policies and Investment Potential in Nigeria

British High Commissioner Commends President Tinubu’s Economic Policies and Investment Potential in Nigeria

…By Dorcas Funmi for TDPel Media. Richard Montgomery, the British High Commissioner to Nigeria, praised the policies implemented by President Bola Ahmed Tinubu’s government shortly after its inauguration.

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Montgomery’s remarks came during his visit to the Presidential Villa in Abuja, where he met with Vice President Kashim Shettima.

Focus on Economic Decisions and Trade Relations

Speaking to State House correspondents after the meeting, Montgomery highlighted the significant economic decisions made by the current administration, such as fuel subsidy removal and exchange rate reform.

He expressed optimism that these policies would enhance the business environment and attract more investments.

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Bilateral Partnerships and Cooperation

Montgomery emphasized the longstanding partnership between the UK and Nigeria, covering various areas of shared interest, including development cooperation, trade, investment, security, defense, and education.

He acknowledged the potential for further enhancing economic dialogue and expressed the positive response from British ministers and businesses to Nigeria’s recent government decisions.

Economic Reforms and Growth Prospects

While acknowledging the existing challenges of inflation and unemployment, Montgomery stressed that the reforms implemented by the government would contribute to Nigeria’s higher growth trajectory.

He affirmed that the UK, particularly the City of London, views Nigeria as a significant opportunity for trade and investment, and he pledged to support efforts to boost bilateral trade and investment ties.

Immigration Restrictions and Context

Montgomery addressed the issue of the UK government’s decision to ban foreign students, including Nigerians, from bringing family members to the country as part of efforts to reduce immigration numbers.

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He stated that this matter was not discussed during his meeting with the vice president.

However, he provided context by mentioning the significant increase in Nigerian student visas granted by the UK in recent years.

He also highlighted the need to manage visitor numbers and migration, emphasizing that similar measures are taken by the Nigerian government.

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