Yusuf Tuggar to journey to the UK to boost Nigeria-UK enterprise ties   

Nigeria’s Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar (OON), has introduced that he’ll undertake a working go to to the UK to deepen and improve Nigeria-UK ties in enterprise, diplomacy, and different strategic areas of cooperation throughout key sectors.

The minister disclosed this in an announcement on Sunday by way of his X web page, including that the bilateral go to will maintain from March 2 to March 5, 2025.

In accordance with him, the go to underscores Nigeria’s dedication to strengthening bilateral ties with the UK, fostering collaboration in areas of mutual curiosity, and advancing shared priorities on regional and international points.

Targets and Anticipated Outcomes   

• Tuggar emphasised that the working go to goals to strengthen diplomatic relations by high-level engagements with UK officers, reinforcing shared pursuits in governance, safety, and regional stability.
• He added that he intends to showcase Nigeria’s financial potential to UK traders, with a concentrate on infrastructure, expertise, vitality, and agribusiness to spice up commerce and funding.

Among the many key targets of the go to, he highlighted:   

• Increasing safety cooperation by intelligence briefings and strategic protection discussions.
• Selling Nigeria’s international picture by media engagements and tutorial partnerships to boost cultural and data exchanges.
• Highlighting the go to’s advantages to Nigeria, he acknowledged that it “presents a chance to deepen Nigeria-UK ties throughout diplomacy, enterprise, safety, and tradition whereas advancing Nigeria’s pursuits in international affairs.”

Extra Insights   

• The minister additional defined that the Nigerian authorities expects to interact with key media stakeholders to spotlight Nigeria’s international coverage priorities and international standing whereas enhancing collaborations in academia, technological developments, and analysis between Nigerian and UK establishments.
• He additionally disclosed that the Nigerian delegation will take part in high-level discussions on expertise and commerce, specializing in Nigeria’s financial diversification, funding local weather, and digital transformation.
• He expressed optimism that the go to would additionally strengthen collaboration on safety and intelligence sharing to fight insecurity and instability within the Sahel and West Africa.

What You Ought to Know   

• In accordance with a UK authorities truth sheet, whole commerce in items and providers (exports plus imports) between the UK and Nigeria reached £7.5 billion within the 4 quarters resulting in the tip of Q3 2024, representing a 5.6% improve (£397 million) in comparison with the 4 quarters ending in Q3 2023.
• Of this £7.5 billion, UK exports to Nigeria amounted to £5.3 billion within the 4 quarters to the tip of Q3 2024, whereas whole UK imports from Nigeria stood at £2.2 billion—a 12.2% decline (£309 million) in comparison with the 4 quarters ending in Q3 2023.
• The UK ranked Nigeria as its thirty sixth largest buying and selling accomplice within the 4 quarters resulting in the tip of Q3 2024, accounting for 0.4% of whole UK commerce.