The Executive Director of the Nigerian Export Promotion Council (NEPC), Segun Awolowo has stated that the Foreign Direct Investment (FDI) from United Kingdom (UK) into Nigeria could rise from $1 billion to $4.5 billion by 2030. Awolowo disclosed this at the Nigeria-United Kingdom Trade Diagnostic Study programme in Abuja at the weekend. He said the increase could be achieved through strengthening of bilateral Trade and Investment Cooperation Agreement (TICA). Awolowo listed some barriers to export in meeting UK standards to include; origin reputation, traceability, certifications, logistics amongst others. On his part, Mr. Richard Ough Head of Economic Development Department for International Development (DFID) disclosed that the Economic Development Forum (EDF) between UK and Nigeria was launched as a commitment to support both economies to grow and prosper.

Source: Nigerian Tribune February 10, 2019 15:11 UTC