A deal that will permit British legal practitioners to operate businesses and render services in Nigeria is set to be signed by the two countries.
A press release on ithr UK website on Tuesday says the partnership deal between the UK and Nigeria will help promote trade and investment and open new prospects for both countries.
The statement also disclosed that the agreement was designed to extend beyond finance and it can build upon an already productive $7 billion partnership between both countries.
The UK’s Department of Business and Trade said the two countries will sign a new partnership intended to enhance cooperation between both nations.
The deal tagged “The Enhanced Trade and Investment Partnership (ETIP),” would be the first time the UK would be signing this particular deal with an African country.
According to British Business and Trade Secretary, Kemi Badenoch, the agreement would open a lot of opportunities for the Brits as Nigeria is 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,” Kemi Badenoch added.
The deal is primed to help Nigeria commit to taking steps toward reducing barriers that keep UK attorneys from practicing international and foreign law in the West African state.
“It will see Nigeria commit to working towards removing barriers preventing UK lawyers from practicing international and foreign law in Nigeria, a step that could significantly increase UK legal services exports,” the release added.
