The United Kingdom and Nigeria are set to sign a partnership agreement that will permit British legal practitioners to operate businesses and render services in Nigeria.
In a press release on its website on Tuesday, the
partnership deal between the UK and Nigeria is to promote trade and investment
and open new prospects for both countries.
It also disclosed that it was designed to extend beyond
finance and it can build upon an already productive $7 billion partnership
between both countries.
According to the UK’s Department of Business and Trade, the
two countries are set to sign a new partnership intended to enhance cooperation
between both nations.
The deal was tagged The Enhanced Trade and Investment
Partnership (ETIP), which would be the first time the UK would be signing this
particular deal with an African country.
British Business and Trade Secretary, Kemi Badenoch
disclosed that the agreement would open a lot of opportunities for the Brits as
Nigeria is one of the fastest-growing economies in Africa.
“This partnership with Nigeria, the UK’s first with an
African country, will allow us to work together and seize the opportunities
that lie ahead. Nigeria has one of the fastest-growing economies in the world.
“UK businesses have already seen huge success here and I
look forward to seeing how we continue to grow this relationship,” Kemi
Badenoch added.
The deal will also see Nigeria commit to taking steps toward
reducing barriers that keep UK attorneys from practicing international and
foreign law in the West African state.
“It will see Nigeria commit to working towards removing
barriers preventing UK lawyers from practicing international and foreign law in
Nigeria, a step that could significantly increase UK legal services exports,”
the release added.
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