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UK-Africa Summit: Four British companies sign deals with Nigeria

By Dennis Erezi |   20 January 2020   |   6:51 pm


Nigerian President Muhammadu Buhari shakes British Prime Minister Boris Johnson on Monday on the sidelines of the first UK-Africa Investment Summit.

Four British companies Monday signed business deals with Nigeria on the sidelines of the inaugural UK-Africa Investment Summit in London.

The deals were among the several others sealed between UK companies and their African partners.

In the case of Nigeria, Low Energy Designs won an export contract to install street lighting in Oyo State while Savannah will invest £315 million in the acquisition and investment of ingas assets in Nigeria.

Another British company Tex ATC is expected to install five airport control room towers worth £2 million in different parts of Nigeria while Trilliant got a deal to install £5 million of Smart Metering for Abuja DisCo.

Several other deals were expected to be signed throughout the day, with African and UK businesses committing investments expected to reach into the billions.

“Africa represents a huge opportunity for UK businesses, so it’s brilliant to see so many British firms paving the way in trading and investing in the region today to drive growth, create jobs and boost vital infrastructure,” Secretary of State for International Trade, Liz Truss MP said.

“We want the UK to be the investment partner of choice for African nations, and our world-leading expertise in finance, tech, and innovation, makes the UK and Africa natural partners for prosperity.”

Before the opening of the summit on Monday, Nigeria’s President Muhammadu Buhari lobbied the British community to invest in the Nigerian economy.

“For my country, greater UK engagement in its economy would bring jobs to under-tapped sectors, such as agriculture and manufacturing,” Buhari said in an opinion published in The Guardian ahead of the UK-Africa Investment Summit in London.

“Millions of highly skilled, English-speaking but underemployed young people, are eager to work but without the opportunities that foreign investment can bring to create jobs and build businesses.”

The UK said the deals signed on Monday show how “we are building on that to secure a lasting commercial partnership of mutual benefit.”

https://guardian.ng/news/uk-africa-summit-four-british-companies-sign-deals-with-nigeria/amp/?__twitter_impression=true

cool

Nigerian government can lie.

oshey baddest

Which meeting?

Buhari didn’t attend any meeting

Those are contracts not deal, the Nigeria government taxpayer will pay back all this money for street light, airport control room towers, Metering installations for Abuja discos

hopefully

I can 100% tell you that Buhari is not aware of the content of this agreement

Just putting pen to papers for cameras that he is working

Audio deals

How is someone winning a contract to install street lights an investment deal

He will bring his equipment from overseaas and the hosting country will end up paying him Pound sterling

How is that one investment deal.

The company has simply run out of clients in Europe and therefore decided to bring his services to Africa to make money.

Investment deals is manufacturing companies, big industrial companies leaving thier base in Europe to come to Nigeria to invest. This way the basic component of thier trade and commerce stays in the country they are domicile in.

These ones are just coming to make money and see the dullard smilling with his goro teeth smh

Impressive

Do you need a shared apartment or someone to split rent with Co-Tenant community
https://cotenant.ng/post-a-request/

Considering the goodness of this news, I'm still hoping to see negative comments from wailers

cRobo:
I can 100% tell you that Buhari is not aware of the content of this agreement

Just putting pen to papers for cameras that he is working

Too bad he is your President till 2023, you can do nothing about it and he still doesn't give a fvck about you.

First thing first, I like the new nairaland interface.

Now to the main thing, these deals, who are they favoring, the UK is coming to install streetlight for us..is it for free ? Something that Nigerians can do, we still fly to London to sign it for white people to do and still call it Laudable ?

As per the others, I still say it, that Nigeria and Africa will not develop if we keep on going to call white people to build our roads, airports, control towers , etc.. Why can't we train fellow Nigerians to be expertly and sophisticated in such field, and then use them, knowing that the money used does not leave Nigeria, rather carrying our money to dash White people.

The streetlight wey NNPC been give us here for South, people dong thief everything comot for am, so if streetlight is to be installed in Oyo, its good to have in mind that if its solar that thieves will come for them and then put security measures against such..

Hope it won't lead to Nigerian asset forfeiture in the long run... Cos we just had one recently with all these international deals. Make e no be say na when them no honour agreement, kasala go come burst.

Maybe we should just stick to China jeje...

yemmight:
Nigerian government can lie.

They mentioned names of these companies and the news is on a credible easily accessible news platform and you still call it a lie?

Have you ed the investors mentioned and they denied this?

This is a very very good news.
This is MASSIVELY MASSIVE!
We really thank our darling Daddy President Muhammadu Buhari for everything he his doing to move this once battered and raped nation work again.

Before the opening of the summit on Monday, Nigeria’s President Muhammadu Buhari lobbied the British community to invest in the Nigerian economy.

“For my country, greater UK engagement in its economy would bring jobs to under-tapped sectors, such as agriculture and manufacturing,” Buhari said in an opinion published in The Guardian ahead of the UK-Africa Investment Summit in London.

God bless President Muhammadu Buhari.
May God continue to give him LONG life in GOOD health.
May God continue to bestow on him more Wisdom, knowledge and understanding as he takes our nation to a land flowing with milk and honey.
May God touch the hearts of Nigerians to this man after God's heart.

Nigeria will be great again in our lifetime.
God bless you all Nigerians.......our wailing friends and fans inclusive.
We will all benefit from this good development as a nation.

We Rise!

Slawormir:
Damnnnnn niggarrr
Nice one

Very Nice One,
Daaamnnnn Niggarrrr

yemmight:
Nigerian government can lie.

Pls tell us the truth version of the news.

Waiting to see what will come out of this

Let's wait and see

Some people will only see the flaw in this pact.

Audio g

What have been happening to deal we have been hearing nor g all these while?

It's called Audio Deal.

But I wished this can be real.

JOHNSONSOLAFUNMI:
Which meeting?

Buhari didn’t attend any meeting

The meeting he was in with Boris Johnson was it held in Onitsha?

I am sure you are not blind.

.

I hope they are real British companies no b 419?

I hope say no be another audio deals sha.

We want deals that would profit the common man oooo, k prefer china deals to British because those people are dubious and cunny.

Nigeria should be careful in g deal with the British. Their is a saying that who was struck by bee fears ordinary housefly. the p&id case. The Britain's need money now to build their economy after what Brexit did to them