The United Kingdom, and Nigeria have agreed to sign a collaborative agreement that will authorize British legal practitioners to operate businesses and render services in Nigeria
A press statement made available on the website of UK’s Department of Business and Trade, on Tuesday, revealed that the two nations are set to sign a new partnership intended to enhance trade and investment and open new prospects for both countries, as well as cooperation between both countries.
It revealed that it was designed to extend beyond finance and it can build upon an already productive $7 billion partnership between both countries.
The deal was themed, 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.
Kemi Badenoch, British Business and Trade Secretary, revealed that the agreement would open a lot of opportunities for the British as Nigeria is one of the fastest-growing economies in Africa.
He said, “This collaboration with Nigeria is the UK’s first with an African country. It 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.
The partnership will equally see Nigeria commit to taking steps toward reducing problems that keep UK attorneys from practicing international and foreign law in the West African state.
“It will see Nigeria dedicate itself to working towards eradicating barriers restricting UK lawyers from practicing international and foreign law in Nigeria, a step that could significantly increase UK legal services exports,” the statement added.
