The United Kingdom and Nigeria are preparing to finalize a partnership deal that will enable British lawyers to operate and offer services in Nigeria.
In an announcement on Tuesday, the partnership between the UK and Nigeria aims to boost trade, investment, and create new opportunities for both countries. The agreement is not limited to finance and builds upon an existing partnership worth $7 billion between the two nations.
The UK’s Department of Business and Trade revealed that the two countries will sign a new agreement to enhance cooperation. Named “The Enhanced Trade and Investment Partnership (ETIP),” it marks the first time the UK has signed such a deal with an African nation.
Kemi Badenoch, the British Business and Trade Secretary, emphasized that the agreement will open up numerous opportunities for British businesses as Nigeria boasts one of the fastest-growing economies in Africa.
“This partnership with Nigeria, the UK’s first with an African country, 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,” said Kemi Badenoch.
The agreement also involves Nigeria committing to reducing barriers preventing UK lawyers from practicing international and foreign law in the West African nation. This step could significantly boost UK legal services exports, according to the announcement.