Expressing appreciation for the consistent support and assistance provided by the British government, Vice-President Shettima expressed optimism for even stronger business relations in the future. He urged the facilitation of the Nigeria-UK bi-national commission, highlighting its potential to drive accelerated growth in business relationships. Mr Shettima stressed the importance of increasing trade between the two nations, considering their close proximity and enduring connection.
"The UK is a nation we are particularly close to, and yet our trade represents less than five per cent of our import and export volume," noted Mr Shettima. Recognising the federal government's commitment to creating a conducive environment for business activities, the vice president emphasised the need for economic reforms that would align the country's economy with recent developments, such as the removal of fuel subsidies.
The establishment of a bi-national commission would serve as a platform for robust engagement and collaboration between Nigeria and the UK, fostering deeper economic ties and cooperation across various sectors. It would provide an avenue to explore opportunities for trade expansion, investment, and technology transfer. Additionally, the commission could facilitate the exchange of expertise, knowledge, and best practices in areas of mutual interest, further strengthening the relationship between the two nations.
As Nigeria continues to pursue its economic growth agenda, Vice-President Shettima's call for a Nigeria-UK bi-national commission demonstrates the government's commitment to leveraging partnerships and exploring avenues for increased trade and investment. By bolstering bilateral relations, both countries stand to benefit from the exchange of ideas, resources, and opportunities that would contribute to their respective socio-economic development.