UK to Support Nigerian’s Infrastructure
The United Kingdom’s Department for International Trade, said it will support infrastructure projects in African countries, including Nigeria, with lending and guarantees.
The UK’s Trade Commissioner for Africa, Emma Wade-Smith, said Africa’s infrastructure challenges not only inhibit its ability to trade with the rest of the world but are also a significant obstacle to intra-African trade.
She however noted that the body has the ability to support infrastructure projects in Nigeria up to £750m.
According to her, there is huge scope for Africa to boost its exports to the UK and other parts of the world if it can address its infrastructure backlog.
Wade-Smith, however, said that the projects must meet all the lending requirements before funding would be disbursed.