Monday, December 19, 2016

UK to invest $1bn in Nigeria’s transport sector.

   Firms from the UK have revealed plans to invest over $1bn in the treansport sector of the Nigerian economy.

    The investments expected to come on a stream within 18 months, aare aimed at improving the operations in the Nigeria’s maritime, railway, and aviation industries, according to a report on a recent meeting between both representatives of both governments.
   The report of the meeting made available to newsmen yesterday, stated that the over $1bn planned projects were the fallout of an investment forum that took place in London on Nov 29th, 2016, which was attended by representatives of both Nigeria and the UK.
Minister of transportation, Rotimt Ameachi, led a team of chief executive officers of various agencies of the government under his ministry to the forum, while the UK government team was led by the Parliamentary under Security of State for Transport, Ahmed of Wimbledon.

   Responding, Ahmad assured the minister that the UK was well aware opf the importance of Nigeria, not only in áfirca’, but to the UK government and businesses, and that concerted efforts were already being made by both the government and private firmsto utilize the opportunities. 

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