Nigeria aims to boost investment ties with the UK at London Stock Exchange event

The Federal Ministry of Finance has stated Nigeria's goal to attract foreign investment and build stronger economic ties with global financial institutions. This came after Nigeria took part in an investment event at the London Stock Exchange.

The ministry shared this information in a statement on Wednesday from its Head of Information and Public Relations, Efe Ovuakporie.

Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, represented President Bola Tinubu at the event. He was at the official trading opening at the London Stock Exchange with the President of Ghana and other African leaders.

The ministry noted that the event gathered heads of government, finance ministers, policymakers, investors, chief executives, and representatives of major financial institutions from Africa, Europe, and other places.

The presence of African leaders showed ongoing efforts to make the continent a better place for investment and long-term economic partnerships. "The participation of African leaders in the opening of one of the world’s top financial markets showed a growing commitment to making the continent a preferred destination for investment and long-term economic partnerships," the statement said.

The ministry added that the event was a chance to showcase Africa’s economic potential. It also highlighted reforms happening across the continent to improve the business climate and attract investors.

During the event, Mr Oyedele reaffirmed Nigeria’s commitment to economic reforms. He said these reforms aim to promote stability, support private sector growth, and boost investor confidence.

He also pointed out the need for closer collaboration between African economies and international financial institutions. This, he said, would help unlock investment opportunities, expand infrastructure, and speed up inclusive growth.

The event included a private breakfast session called “Navigating a World in Transition.” Here, African leaders and global investors talked about changing economic conditions, geopolitical issues, and new trends affecting investment decisions.

The ministry said these discussions helped African policymakers engage directly with international business leaders. They talked about ways to improve economic resilience and attract sustainable investments.

Participants looked into opportunities in infrastructure financing, capital market development, trade facilitation, and technology-driven growth. "The leaders stressed the need to build stronger connections between Africa and global financial centres. This would help unlock new sources of capital needed to support development priorities across the continent," the statement added.

The ministry said Nigeria’s participation is part of wider efforts to enhance economic diplomacy, increase access to international capital, and strengthen partnerships that aid long-term economic growth and development.

The engagement concluded with a shared commitment from African leaders, investors, and business executives. They agreed to strengthen economic cooperation and boost investment flows between Africa and the United Kingdom.