From David Onuoja, Abuja
Hundreds of new jobs are set to be created as Nigerian banks, fintech innovators, and creative industry businesses scale up their operations in Britain.
In a press statement on Tuesday in Abuja by the Senior Press and Public Affairs Officer, Comms lead, growth, trade and investment Network, British High Commission in Nigeria, Ndidi Eze, said, the move will see millions invested, reinforcing the United Kingdom’s position as a leading global business hub.
The investments came as Nigerian President, Bola Ahmed Tinubu, commences his state visit to the United Kingdom, strengthening the UK’s position as a global hub for African business.
UK Trade Minister Chris Bryant and Nigeria’s Minister of Industry, Trade and Investment, Dr. Olajumoke Oduwole, met in London yesterday to discuss trade and investment opportunities.
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Several Nigerian companies, including LemFi, Kuda, Moniepoint, and Fidelity Bank, are expanding their UK operations. Zenith Bank is also opening a new Manchester branch, creating up to 30 new direct jobs. While Fidelity Bank is acquiring and rebranding Union Bank UK into FidBank UK, with plans to double its 62-person workforce in 2026.
Twinings Ovaltine has launched a £24 million manufacturing facility in Lagos, its first in Africa, creating over 100 direct jobs and boosting exports across West Africa. The UK’s reputation as a global creative capital is also deepening ties, with EbonyLife launching, EbonyLife Place London and creating up to 40 new jobs.
The UK and Nigeria are showing how countries grow faster when they grow together, with bilateral trade now at an all-time high of £8.1 billion a year. The UK government is attracting investment into key growth sectors, including financial services, technology, education, and advanced manufacturing.
The investments are expected to have a significant impact on the UK and Nigerian economies, creating new opportunities for businesses and individuals alike. As the UK and Nigeria continue to strengthen their trade relationship; the future looks bright for both countries.
