The United Kingdom and Nigeria are set to sign a partnership agreement that will permit British legal practitioners to operate businesses and render services in Nigeria.
This was contained in a statement on the UK website on Tuesday.
According to the statement, the partnership deal between the UK and Nigeria is to promote trade and investment and open new prospects for both countries.
“It will see Nigeria commit to working towards removing barriers preventing UK lawyers from practising international and foreign law in Nigeria, a step that could significantly increase UK legal services exports,” the release added.
Designed to extend beyond finance, the proposed deal is aimed at building upon an already productive $7 billion partnership between both countries.
Reportedly, the deal will also see Nigeria commit to taking steps toward reducing barriers that keep UK attorneys from practising international and foreign law in the West African state.
According to the UK’s Department of Business and Trade, the deal was tagged the Enhanced Trade and Investment Partnership (ETIP), marking the first time the UK would be signing this particular deal with an African country.
Speaking on the proposed deal, British Business and Trade Secretary, Kemi Badenoch disclosed that the agreement would open a lot of opportunities for the Brits as Nigeria is one of the fastest-growing economies in Africa.
Badenoch said, “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.”