UK to assist Nigeria overcome economic and security challenges

Expert-says-Nigerian-economy-frontier-in-emerging-market

UK Minister for International Development, James Wharton, has said that the United Kingdom have agreed to assist Nigeria to overcome its current economic and security challenges.

Vanguard reports that, Wharton stated that his visit to Nigeria is to assess some of the definite challenges noting that despite the challenges the country faces, it has great potential in human and natural resources as well as opportunities to overcome the current challenges.

“This is clearly a country with incredible opportunity with amazing people, with a real deep, strong link and friendship with United Kingdom but which faces challenges.

“The Government of the United Kingdom must help Nigeria to overcome some of the challenges in the overall interest of the people of Nigeria and the UK.

Wharton noted that the challenges are such that the UK would be able to help and strengthen the institutions of government and the civil society. There are also security and humanitarian issues in the North-East, there are clearly economic challenges, the price of oil hasn’t helped,” he said.

“We want to be very clear that the UK recognises the scale of the challenges and is committed to supporting Nigeria through what is a very significantly very difficult period. But I have no doubt that Nigeria has a very bright and positive future and the UK has a role to play in that,” he said.

He said UK spends nearly 500 million pounds annually in support to Nigeria, from technical assistance, strengthening of institutions to security assistance in the North-East.

According to him, UK wants to continue to work with Nigeria as a friendly international partner to see Nigeria overcome the challenges it presently faces.

He said he was also in the country to see continuity in the trade growth with Nigeria as a significant trade partner of the UK.

Wharton said that UK was monitoring the situation in the Niger Delta and the negative impact on the economy of Nigeria and the communities that were directly affected.

“It is clearly a very difficult situation and we will work very closely, we will continue to have talks, discussions with those who are currently trying to address the challenges.

“It is important things are done in the right ways and support is planned in the right way and delivered very appropriately.”

“Generally, we need to go through full judicial process before funds can be repatriated. The Government of United Kingdom is committed to working with Nigeria to do that.

“And indeed, the Memorandum of Understanding signed by the Minister of State (Federal Ministry of Foreign Affairs) early this week underlies the strength of that commitment,” he said.

Wharton said his visit was a first important step in reaffirming that the success of Africa’s most populous country matters to the UK and to the continent as a whole.

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Bariduanen Lemon is a Writer and Editor who intends to keep you informed and glued to events and activities around you .Follow me on Twitter@LemonBarry and Facebook on Barry Lemon.

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