During her three-day diplomatic visit, British Prime Minister, Theresa May announced a $2.6 million UK-Nigeria fintech partnership. The Fintech partnership, which is valued at 2 million pounds($2.6 dollars) is to support Nigerian innovators. Theresa May, arrived at the FMDQ Security Exchange building, Victoria Island, Lagos, for a meeting with the Nigerian business community, in company of her trade delegation.
In her remarks during the announcement, May said, “Already, the finance and business links between Lagos and London are bringing enormous benefits to businesses and people in the U.K. and in Nigeria and today’s announcements deepen this burgeoning partnership even further.”
May also pushed the agenda of Britain becoming the biggest investor in Africa out of the countries in the Group of Seven nations, overtaking the United States, by using the aid budget to help British private sector companies invest on the continent. Nigerian Industrialists like Aliko Dangote, Mr. Femi Otedola and Mr. Tony Elumelu, among others were present during the announcement.
“I am unashamed about the need to ensure that our aid programme works for the UK,” She said.
This is her first visit to Africa since she became prime minister in 2016.
She is in a company of a 30-man business delegation as part of her efforts to “deepen and strengthen” partnerships around the world as the UK prepares to leave the European Union (EU) next year.