The British High Commissioner to Nigeria, Richard Montgomery says ministers and businesses in the United Kingdom are “responding very positively” to the first policies of the President Bola Tinubu administration including fuel subsidy removal and unification of foreign exchange rates.
The British High Commissioner revealed this on Wednesday after meeting with Vice President Kashim Shettima at the State House
In an interview with State House media, the British High Commissioner said the meeting with the Nigerian Vice President was beneficial since it focused on ways to strengthen bilateral relations between the two nations, particularly in the area of expanding commercial engagements.
The British High Commissioner stated that he discussed with the Vice-President strategies to mitigate the impact of the President’s first policies, such as subsidy removal.
He said, “I was in London last week and I was briefing my ministers and I was also talking to British business(es) in the finance, banking and investment sectors and they are responding very positively to these first decisions.
“We know that there are tough times with inflation and unemployment. The Vice President and I also touched on some of the measures that might be possible to cushion some of these economic pressures.”
Montgomery expressed confidence that the reforms of the new administrations in Nigeria will help place the country on a greater path.
“The big issue is that these reforms help out Nigeria on a higher, greater path, will attract more investments and the United Kingdom and the City of London see Nigeria as a big opportunity going forward,” he stated.