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the remaining issues of the Withdrawal Agreement and the future relationship.
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UK aid is supporting innovative companies in Nigeria’s northern states to grow their business and attract investment, while also creating 100,000 new jobs for people in one of the country’s poorest regions, the Prime Minister announced in Lagos today (Wednesday 29th August).
Nigeria is the largest economy in Africa, but many areas have high levels of poverty with rapidly increasing numbers of young people who have the ambition and potential to change the face of their country but are at risk of becoming frustrated through lack of opportunities.
The new ‘LINKS’ programme announced by the Prime Minister, will improve the incomes of three million people in Nigeria’s poorest states, in turn reducing the drivers of conflict, instability and migration.
Nigeria has a flourishing community of entrepreneurs and innovators, designing disruptive technology to create profitable solutions that work for Africa – which this programme will support.
Examples of new technologies include businesses which use innovative new platforms to coordinate tractors and delivery trucks to be in the right place at the right time; to unlock crowd-funding into growing businesses in need of investment, and to connect farmers with markets, suppliers, information and sources of finance.
Minister for Africa Harriett Baldwin said:
Nigeria is a powerhouse of innovation and economic growth, but many Nigerians are still living in extreme poverty, with increasing numbers of ambitious young people facing a lack of jobs and opportunities.
By sharing expertise with innovative businesses the UK is making sure the vibrant growth seen in wealthier areas of Nigeria can also be experienced in the poorer regions, helping the hopeful young population harness the power of technology, innovation and investment to get good jobs and find solutions to their own problems.
This is helping Nigeria to leave poverty behind, enabling vital business sectors to flourish, and opening up opportunities for British business partnerships.
The UK will help companies like these to develop innovative new technologies, business models and services, which have the potential to spur catalytic growth, creating jobs and boosting local economies.
Working in sectors with the most potential for growth, such as leather, agriculture and renewable energy, the programme will share UK expertise to stimulate a 25% increase in the incomes of many people across these states.
By formalising jobs and businesses, LINKS will also increase potentially taxable revenues, which will support the Government to better invest in their own services and reduce dependence on aid.
UK aid is supporting innovative companies in Nigeria’s northern states to grow their business and attract investment, while also creating 100,000 new jobs for people in one of the country’s poorest regions, the Prime Minister announced in Lagos today (Wednesday 29th August).
Nigeria is the largest economy in Africa, but many areas have high levels of poverty with rapidly increasing numbers of young people who have the ambition and potential to change the face of their country but are at risk of becoming frustrated through lack of opportunities.
The new ‘LINKS’ programme announced by the Prime Minister, will improve the incomes of three million people in Nigeria’s poorest states, in turn reducing the drivers of conflict, instability and migration.
Nigeria has a flourishing community of entrepreneurs and innovators, designing disruptive technology to create profitable solutions that work for Africa – which this programme will support.
Examples of new technologies include businesses which use innovative new platforms to coordinate tractors and delivery trucks to be in the right place at the right time; to unlock crowd-funding into growing businesses in need of investment, and to connect farmers with markets, suppliers, information and sources of finance.
Minister for Africa Harriett Baldwin said:
Nigeria is a powerhouse of innovation and economic growth, but many Nigerians are still living in extreme poverty, with increasing numbers of ambitious young people facing a lack of jobs and opportunities.
By sharing expertise with innovative businesses the UK is making sure the vibrant growth seen in wealthier areas of Nigeria can also be experienced in the poorer regions, helping the hopeful young population harness the power of technology, innovation and investment to get good jobs and find solutions to their own problems.
This is helping Nigeria to leave poverty behind, enabling vital business sectors to flourish, and opening up opportunities for British business partnerships.
The UK will help companies like these to develop innovative new technologies, business models and services, which have the potential to spur catalytic growth, creating jobs and boosting local economies.
Working in sectors with the most potential for growth, such as leather, agriculture and renewable energy, the programme will share UK expertise to stimulate a 25% increase in the incomes of many people across these states.
By formalising jobs and businesses, LINKS will also increase potentially taxable revenues, which will support the Government to better invest in their own services and reduce dependence on aid.
The initiative is the latest stage of the Ministry of Justice’s ambitious ‘Legal Services are GREAT’ campaign, which aims to promote the strength and breadth of the UK’s legal offer across the globe.
The announcement was made this afternoon, as the Prime Minister visited the securities exchange company FMDQ in Lagos, and is part of a wider government drive to deepen its partnerships with African nations.
It will bring UK and Nigerian legal professionals together to share knowledge, skills and legal expertise and highlight the advantages of UK legal services to wider business growth.
Lord Chancellor David Gauke said:
Our legal services sector is one of the UK’s greatest exports, and we want it to remain at the very heart of our future as a global, outward-looking, free-trading Britain.
We launched the Legal Services are GREAT campaign, to showcase the very best of what the UK’s legal services sector has to offer around the globe, and I’m delighted that we are now extending the campaign to Nigeria.
We know that UK law firms and chambers are keen to increase working in this area and are committed to supporting them to take advantage of the many opportunities on offer.
In 2018, 5 of the world’s fastest-growing economies are African and the continent’s total GDP could well double between 2015 and 2030. The government is keen to support UK law firms and chambers to maximise the potential of this emerging market.
A delegation of legal representatives will visit Nigeria later in the year to meet counterparts and create new business opportunities.
The Legal Services are Great campaign was launched by Lord Keen in Singapore last year and has already delivered trade delegations to Kazakhstan and China.
The campaign promotes the UK’s £24 billion legal services sector overseas, showcasing the very best of what the UK’s legal services sector has to offer and helping to bring new business to the UK for our legal firms, chambers and courts.