Categories: EconomyNews

Breaking |UK Backs Tinubu’s Economic Shake-Up – Nigeria Is Open for Business

The British High Commissioner to Nigeria, Richard Montgomery, has praised President Bola Ahmed Tinubu’s economic reform agenda, calling the policies “big and bold” and noting that they have significantly improved Nigeria’s attractiveness to international investors.

Speaking at a press briefing in Abuja, Montgomery highlighted key policy changes—most notably, the removal of fuel subsidies and the unification of the exchange rate—as major steps toward long-term economic stability.

According to him, these reforms are already generating positive momentum and making Nigeria a more “investible” destination. British businesses, particularly in finance, banking, and investment sectors, are reportedly responding favorably to the changes. Montgomery also reaffirmed the UK’s commitment to strengthening bilateral ties with Nigeria, particularly in areas such as trade, investment, defense, and security.

The envoy’s remarks underscore growing international recognition of Nigeria’s renewed push to rebuild its economy and attract foreign direct investment under Tinubu’s administration.

Alex17 Alex17

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