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Bilateral trade relations between Nigeria and Britain have reached £7.1 billion, according to British Deputy High Commissioner Johnny Baxter. He announced this at the Nigeria-Britain Association (N-BA) 2024 Presidential Cocktail held at his residence in Lagos.
The event, organized in collaboration with the British Deputy High Commissioner, SCIB Nigeria & Co Limited, NEM Insurance Plc, and Sola Oyetayo & Co, provided a platform for attendees to engage in meaningful discussions and exchange ideas.
In his address, Baxter highlighted the deep-rooted connections between Nigeria and Britain, emphasizing the significant ties between the two nations, including the impact of the Nigerian diaspora in the UK and the strong educational and cultural exchanges. He applauded the close bilateral trade relations, now valued at £7.1 billion, and expressed confidence in Nigeria’s economic reforms.
Earlier, N-BA President Sola Oyetayo welcomed attendees and articulated the Association’s mission to strengthen cultural ties and business collaborations between the two countries. He noted that 2024 marks the Association’s 55th anniversary, reflecting its commitment to fostering partnerships and friendship. Since 2023, the Association has supported over 300 entrepreneurs and students.
Oyetayo also announced the launch of the N-BA secretariat building project, symbolizing the Association’s dedication to promoting Nigeria-Britain friendship and serving as the hub for all its activities.
N-BA Patron Chief Emeka Anyaoku stressed the significance of the Association in strengthening Nigeria-UK relations. He highlighted extensive ties in education, trade, and culture, praising the N-BA’s role and sharing personal anecdotes to illustrate cultural differences.
In her goodwill message, Minister of Tourism Lola Ade-John, represented by her Special Adviser on Policy and Legal Services, Jibike Teniola, praised the N-BA for fostering cultural and national connections, and promoting cultural exchange and business partnerships.
Lagos State Governor Babajide Sanwo-Olu highlighted the strong partnership between the State and the Association, commending its efforts in fostering cultural, social, and educational connections.
Other distinguished guests included N-BA Vice President and Director of the British Council in Nigeria, Lucy Pearson; Special Adviser on Investment to Ogun State Governor, Sola Arobieke; diplomats from the German, Danish, Guinean, and Liberian missions; key government officials from Nigeria and Britain; leaders of prominent multinationals operating in Nigeria; and members of the N-BA.