The Nation Newspaper

Tag: UK

  • UK investors drive 65%of Nigeria’s foreign inflows

    UK investors drive 65%of Nigeria’s foreign inflows

    Nigeria attracted about 65 per cent of its current foreign capital inflows from United Kingdom investors over the past year, with investments including $7.5million into Babban Gona and $40.5million into Johnvent Industries, the Federal Government has said.

    The Federal Ministry of Industry, Trade and Investment, in the document titled ‘2025: A Defining Year for Nigeria’s Industry, Trade and Investment’, stated that investors from the United Kingdom contributed significantly to the rising investment inflows in the country.

    The document reviewed reforms and outcomes under the Renewed Hope Agenda of President Bola Tinubu. According to the ministry, the strong UK inflows followed the activation of the UK–Nigeria Enhanced Trade and Investment Partnership and broader reforms aimed at restoring investor confidence and improving market access.

     “UK investors now account for approximately 65 per cent of recent inflows, including $7.5million into Babban Gona and $40.5million into Johnvent Industries,” the Minister of Trade & Investment, Jumoke Oduwole, stated. She described the investment growth as evidence of renewed confidence in Nigeria’s reform trajectory.

    The ministry noted that 2025 marked a defining phase in Nigeria’s economic repositioning, as coordinated reforms across investment attraction, trade expansion, and institutional strengthening translated policy intent into measurable outcomes.

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    It noted that Nigeria recorded a decisive turnaround in investment attraction under President Tinubu, with the government responding strategically to global economic headwinds and “clearly signalling that Nigeria is open for business.”

    It added that Nigeria significantly strengthened its investment facilitation architecture during the year, shifting from passive promotion to an active, systems-driven model that reduced information gaps, improved project visibility and enhanced the bankability of investment pipelines.

    As a result, the ministry said four priority projects valued at $13.7billion progressed, representing a conversion rate of over 25 per cent from the $50.8billion worth of signed Memoranda of Understanding.

    “Through structured deal origination, the Federal Ministry of Industry, Trade & Investment (FMITI) has proactively built a de-risked pipeline exceeding $5billon across priority sectors,” the ministry stated, adding that the approach supported investors “from first engagement to firm commitment.”

    The ministry linked the growing UK inflows to sustained bilateral engagements and trade modernisation efforts, noting that Nigeria deepened investment pipelines through high-level missions to the UK and other key economies.

    It said these engagements reshaped investor perceptions and strengthened Nigeria’s relevance within global investment circles, delivering “tangible gains” in deal quality and investor confidence.

    Beyond foreign capital, the ministry highlighted progress in export-led growth, reporting that non-oil exports grew by 21 per cent to $12.8billion in the first half of 2025, nearly double the $6.5billion target.

    The growth contributed to a N12trillion trade surplus in the period, while overall trade value expanded by 14 per cent, driven by targeted trade reforms, improved export processes and increased value addition.

    Nigeria’s leading non-oil exports included cocoa and cocoa derivatives, sesame seeds, cashew nuts, shea butter, ginger, hibiscus flower, rubber, palm oil derivatives, fertilisers, cement and liquefied natural gas.

    The ministry noted that it worked with the Nigerian Export Promotion Council to train 27,352 exporters, certify 200 micro, small and medium enterprises for international trade and support 3,047 farmers through the distribution of hybrid seedlings.

    Furthermore, it stated that Special Economic Zones generated over $500milio in export revenues and created more than 20,000 direct jobs through the Nigerian Export Processing Zones Authority and the Oil and Gas Free Zones Authority.

    On macroeconomic performance, the ministry said bold reforms, including foreign exchange liberalisation, fuel subsidy removal and monetary tightening, helped restore investor confidence.

    It noted that the Nigerian Exchange ranked fifth among the world’s top-performing stock exchanges in 2025 and fourth in Africa, as combined foreign portfolio investment and foreign direct investment reached nearly $14billion between the first quarter and third quarter, surpassing total inflows in 2024.

    Foreign portfolio investment led the recovery, rising to $12.99billion, while foreign direct investment increased by 700 per cent quarter-on-quarter in Q3 2025 to reach $936million year-to-date.

    On domestic capital, the ministry said the Federal Government rolled out investment retention and expansion strategy anchored on Nigerian investors, whom it described as “the first and most enduring vote of confidence in the economy.”

    It cited the hosting of Nigeria’s first Domestic Investors Summit, where 75 per cent of investor issues were resolved on the spot and all were closed within five working days, as a shift from ad-hoc engagement to an execution-driven model.

    Nigeria’s Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, also led company visits across manufacturing, agro-processing, electric vehicles and industrial clusters to resolve bottlenecks and support reinvestment.

    The ministry further said Nigeria advanced its leadership under the African Continental Free Trade Area, securing appointment as Co-Champion of the AfCFTA Protocol on Digital Trade alongside Kenya and South Africa.

    Looking ahead, the ministry said it would build on the momentum in 2026 by focusing on execution and verifiable impact, with investor playbooks in priority sectors such as solid minerals, digital trade, the creative economy and climate-smart industrialisation.

    “Collectively, these results affirm that 2025 marked a decisive inflexion point for Nigeria, restoring investor confidence, strengthening competitiveness, expanding exports, and laying the foundation for sustained and inclusive growth,” the ministry stated.

  • UK losing billions by failing to harness Nigerians, other African skills

    UK losing billions by failing to harness Nigerians, other African skills

    The United Kingdom is losing an estimated £4 billion each year by under-utilising the skills of Nigerians and other African migrants, according to new analysis from The Insight Vodcast.

    The report indicates that the UK could gain up to £37 billion annually by addressing racial disparities affecting Black and Minority Ethnic workers.

    The weekly news explainer is produced by a UK-based two-time Emmy-nominated Nigerian investigative journalist, Adejuwon Soyinka.

    The report draws data from the Office for National Statistics, Oxford University’s Migration Observatory, the McGregor-Smith Review, Business in the Community, and a 2025 inequalities study by University College London.

    This week’s episode, titled “The Hidden Bill: How the UK Wastes Billions by Under-Employing Skilled African Migrants”, calls for urgent national action.

    It argues that enabling African migrants to work at their skill level would strengthen public services, boost productivity and drive long-term economic growth for the UK.

    The Insight Vodcast noted that Black African, Caribbean and Black British workers consistently earn less than their White counterparts even when they hold similar qualifications.

    “These are not isolated stories. They represent a national economic blind spot, one that quietly drains the UK of productivity, innovation, and tax revenue,” the programme reports.

    According to the analysis, highly educated migrants continue to be funnelled into lower-skilled jobs, reinforcing earlier findings from Oxford University’s Migration Observatory.

    It linked the ongoing pattern to entrenched hiring bias and structural barriers in the labour market.

    A major Oxford study shows that ethnic minority job seekers must submit 60 per cent more applications to receive the same callback rates as White applicants. Researchers at University College London confirm that this trend remains unchanged as of 2025.

    The 2021 Census recorded about 1.5 million Black African people in England and Wales, representing roughly 2.5 per cent of the population.

    Around 270,000 of them were Nigerians, with estimates suggesting the figure rose to 300,000 by 2023, alongside an additional 52,000 Nigerian migrants arriving in 2024.

    A 2017 independent review by Baroness McGregor-Smith found that fully harnessing the talents of Black and Minority Ethnic workers could add £24 billion a year to the UK economy. Business in the Community now estimates that the potential economic benefit could reach up to £37 billion annually.

    The Insight Vodcast warned that the real economic cost is likely far higher today due to population growth and rising wages.

  • UK to allow international students switch to innovator founder visa without leaving country

    UK to allow international students switch to innovator founder visa without leaving country

    International students in the United Kingdom, including thousands of Nigerians, will soon be able to switch directly from a Study visa to the Innovator Founder visa without returning home, following a major review of the country’s immigration rules.

    The new policy takes effect on November 25, 2025, and marks a significant departure from previous regulations that required applicants to leave the UK before applying for the business-focused visa category.

    Under the updated rules, students with a valid Study visa can now transition to the Innovator Founder route from within the UK, enabling them to begin setting up their businesses while their applications are being processed. 

    This shift is expected to ease barriers faced by foreign students seeking to establish innovative ventures in the country.

    The Innovator Founder visa allows holders to create and operate an innovative business that is distinct from existing products or services in the UK market. To qualify, applicants must present a viable business idea endorsed by a recognised Innovator Founder endorsing body and meet all other eligibility criteria.

    The policy update follows recommendations from the UK White Paper 2025, which advocated a comprehensive review of the Innovator Founder route to help retain entrepreneurial talent already studying in the UK. 

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    With the discontinuation of the Start-up visa, the Innovator Founder visa now becomes the primary pathway for foreign nationals looking to launch new businesses in the country.

    However, students must meet specific conditions before engaging in business activities. A student may only be self-employed under the Innovator Founder visa if:

    a. They have applied for permission under the Innovator Founder route;

    b. Their application includes an endorsement from an approved endorsing body;

    c. The application was submitted while they still held a valid Student visa.

    The new policy is expected to encourage more entrepreneurship among international students — particularly Nigerians, who make up one of the largest foreign student groups in the UK.

  • Nigeria, UK Foreign Ministers meet to deepen bilateral relations

    Nigeria, UK Foreign Ministers meet to deepen bilateral relations

     Nigeria and the United Kingdom are poised to strengthen cooperation across a broad range of areas.

    This was contained in a statement by the media aide the Minister of Foreign Affairs, Alkasim Abdulkadir after a meeting of top officials from both countries in London. 

    Minister of Foreign Affairs, Yusuf Tuggar, according to the statement met with the British Foreign Secretary in London. 

    The meeting, according to Abdulkadir, focused on shared priorities including trade, investment, security, education, migration, and climate action.

    The statement further reads: “Ambassador Tuggar described the engagement as “constructive and forward-looking,” noting that it reflected the long-standing friendship and shared democratic values that continue to guide Nigeria–UK relations. He said both sides reaffirmed their commitment to deepening collaboration that delivers tangible benefits to their citizens.

    “During the talks, the two ministers exchanged views on global and regional developments, explored new areas of economic partnership, and discussed ongoing cooperation in defence and governance. They also acknowledged the vital role of people-to-people ties and the contributions of the Nigerian diaspora to strengthening the relationship.

    “The meeting concluded with both sides pledging to maintain regular dialogue and follow up on agreed areas of cooperation.”

    It further added: “Ambassador Tuggar’s visit forms part of Nigeria’s wider diplomatic outreach aimed at advancing mutual interests, promoting development, and reinforcing its longstanding partnerships on the global stage.”

  • UK-based innovators to unveil CVI AI

    UK-based innovators to unveil CVI AI

    United Kingdom-based Nigerian innovators are set to unveil Career Virtual Intelligence (CVI AI) app next month.

    A statement by the project lead, Damilola Fatungase, said the app, whose launch was held in January, was designed to simplify employability, address labour shortages and help people learn and earn.

    She described the app as a platform to transform global job market, noting that unlike the traditional job portals, the app would provide one million jobs for people.

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    Fatungase said the app would have features such as AI-powered CV generation, interview preparation, continuous professional development and a dedicated NHS career support portal.

    She said the project would be held in collaboration with her company director, a UK-based Nigerian, Dr. Oyewole Alegbeye, the director of London Tilcareer Institute, UK.

    She said she and Alegbeye had supported over 500,000 young Nigerians with similar career software, which had earned them nominations for Africans in Tech–United Kingdom Award, which would hold in Birmingham on November 13.

  • Trump, UK PM split on Palestine, energy, and migration

    Trump, UK PM split on Palestine, energy, and migration

    United States President Donald Trump and British Prime Minister Keir Starmer held a joint press conference at the Prime Minister’s country residence in Buckinghamshire, where both leaders affirmed their commitment to stronger ties but diverged sharply on the recognition of Palestine, energy policy, and illegal migration.

    Starmer, who hosted Trump as part of the ongoing state visit, defended Britain’s recent decision to recognise Palestine, describing it as part of a “roadmap to peace” in the Middle East.

    “We absolutely agree on the need for peace and a roadmap because the situation in Gaza is intolerable,” Starmer said. “The hostages must be freed and aid must get into Gaza at speed. The question of recognition needs to be seen as part of that overall package which takes us from the appalling situation we are in now to the outcome of a safe and secure Israel and a viable Palestinian state.”

    Trump, however, rejected the recognition move outright, insisting the priority must be the release of Israeli hostages.

    “Well, simply, I want the hostages released now, right now,” he said. “We are the ones who got many, many hostages released. I have heard stories like I never thought possible: no humanity, no warmth. We have to remember October 7th, one of the worst, most violent days in the history of the world. I have a disagreement with the Prime Minister on that score, one of our few disagreements actually.”

    On energy, Trump renewed his familiar call to “drill baby drill,” contrasting sharply with Starmer’s insistence on pursuing renewables alongside traditional energy.

    “We have to drill,” Trump declared. “We have to frack, we have to drill, we have to get energy. The United States was energy independent when I left. Now we are not, and it is very bad for the world.”

    Starmer countered that Britain would stick to its balanced approach. “I believe in a mix that includes renewables and investment in green energy while making the best use of our existing resources,” he said.

    On illegal migration, both leaders stressed the need for strong borders but offered different prescriptions. Trump issued his usual dire warning.

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    “Migration will destroy countries if it is not checked,” he told reporters. “I see what is happening in Europe. We had millions of people flowing in under the last administration, totally unchecked. That cannot continue.”

    Starmer pointed to a recent returns agreement with the European Union as evidence of progress under his government. “We have struck a deal that will allow us to return those who come here illegally. It is the right and fair thing to do,” he said.

    Despite the sharp exchanges, both men emphasised the strength of the transatlantic alliance.

    “The United States and the United Kingdom are bound by history, by values and by friendship,” Trump said. Starmer echoed him, saying:

    “We will not agree on everything, but the partnership remains strong. It is vital for our people and for the world.”

  • Nigeria joins UK, USA, France in passport production

    Nigeria joins UK, USA, France in passport production

    Nigeria has joined the ranks of advanced nations like the United States, the United Kingdom, and France with the capacity to produce up to 5,000 passports daily.

    Minister of Interior, Dr. Olubunmi Tunji-Ojo, disclosed this during an inspection of the newly completed Centralised Passports Personalisation Centre at the Nigeria Immigration Service (NIS) headquarters on Thursday.

    He credited the milestone to President Bola Ahmed Tinubu’s ‘Renewed Hope Agenda’, noting that the reform ends passport delays and backlogs, with approved booklets now available for collection within 24 hours.

    Accompanied by the Permanent Secretary, Dr. Magdalene Ajani, Comptroller-General of NIS, Mrs. Kemi Nanna Nandap, and other top officials, the minister described the centre as a landmark breakthrough in the 62-year history of the service.

    Tunji-Ojo added that the facility positions Nigeria alongside countries like India and Bangladesh that operate centralised passport systems, ensuring global best practices in integrity, efficiency, and service delivery.

    With its advanced infrastructure, the centre boosts production from 250–300 booklets per machine daily to between 4,500 and 5,000, a development the minister hailed as “a big win for the administration and for Nigerians.”

     “The era of backlogs and manual personalisation is over. Nigerians can now expect faster, more reliable service as we strengthen the integrity of our travel documents,” the Minister stated.

    Reflecting on the key milestones of the reform programme, the Minister listed migration to a single, uniform passport series, eliminating discrepancies between older versions and

    Nigeria’s full integration into the ICAO Public Key Directory (PKD), a key factor in ensuring global authentication of Nigerian passports.

    He said the successful deployment of the new system across all passport issuing locations, including Nigerian missions abroad, is a significant feature that has made Nigerian passports a top-notch in the global arena.

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    He credited President Bola Ahmed Tinubu for his unwavering support, as well as his dedication to the success of the reforms.

    The Minister also praised the dedication of Dr. Magdalene Ajani, the Permanent Secretary of the Ministry, the CG Immigration Service, Mrs Kemi Nandap, officers of the Ministry, and the personnel of the Nigeria Immigration Service for the feat.

    Dr Tunji-Ojo further commended IRIS Smart Technologies Ltd., the government’s technical partner, for seeing the project through a strategic partnership that required no direct funding from public coffers.

    “This project underscores our resolve to build enduring institutions rather than systems dependent on individuals,” the Minister said.

    He added that the completion of the Centre reinforced the Federal Government’s pledge to modernise Nigeria’s passport ecosystem, deliver efficient services to citizens, and elevate the global reputation of Nigerian travel documents.

  • UK lifts travel restrictions on Kaduna, signs new development framework

    UK lifts travel restrictions on Kaduna, signs new development framework

    The United Kingdom has revised its travel advisory for Kaduna State, moving it from the “Red” to the “Amber” category, a change that allows British citizens to travel freely to the state. 

    The Development Director of the Foreign, Commonwealth and Development Office (FCDO), Cynthia Rowe, announced this during the signing of a new Mutual Accountability Framework (KaMAF) with the Kaduna State Government.

    Rowe explained that Kaduna had been classified “Red” since 2022 but was moved to “Amber” following improvements in the security situation. She described the reclassification as recognition of the state government’s efforts to address insecurity and noted that it sends a positive signal to potential investors.

    The KaMAF agreement, signed by Governor Uba Sani on behalf of Kaduna State and Rowe on behalf of the FCDO, is designed to build on existing progress in areas such as governance, health, education, and agriculture.

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    According to the Governor, the partnership has already contributed to reducing maternal and child mortality, improving healthcare access, upgrading school infrastructure, and strengthening teacher training.

    He also said more than 10% of Kaduna’s 2025 budget has been earmarked for crop and livestock productivity.

    Reform initiatives such as the Local Government Transparency, Accountability and Sustainability (LFTAS) programme, Issue-Based Projects, and Community Development Charters are also being implemented to increase citizen engagement and strengthen institutions.

    Governor Sani expressed optimism that the new framework would accelerate development and further consolidate Kaduna’s image as a state committed to resilience and inclusive growth.

  • UK moves to crack down on high-risk cosmetic procedures amid rising health concerns

    UK moves to crack down on high-risk cosmetic procedures amid rising health concerns

    The United Kingdom government has announced sweeping reforms to clamp down on high-risk cosmetic procedures such as the controversial Brazilian Butt Lift (BBL), amid rising concerns over unsafe practices, unqualified providers, and increasing health complications.

    In a statement released on Thursday, the Department of Health and Social Care said the new measures are aimed at protecting members of the public from so-called “cowboy cosmetic practitioners” operating in unregulated environments, including private homes, hotels, and pop-up clinics.

    The proposed regulations will introduce strict licensing requirements for both invasive and non-invasive aesthetic procedures.

    High-risk treatments such as buttock augmentation surgeries, fat injections, and the injection of dermal fillers into breasts and genital areas will be legally restricted to qualified healthcare professionals registered with the Care Quality Commission (CQC), the statutory regulator for health and social care services in England.

    The health department said, “These tough new measures will crack down on cowboy cosmetic procedures that have left people maimed, injured, and in need of urgent care, adding that the government is determined to “stamp out” unsafe practices in the booming cosmetic treatment industry.

    Under the new plans, clinics offering lower-risk procedures like Botox injections and lip fillers will also be required to meet minimum hygiene and safety standards and obtain licences from their local authorities before operating.

    The announcement follows increasing alarm over the activities of unqualified individuals performing invasive cosmetic procedures in unsterile and unregulated settings.

    “Many of these procedures are marketed as non-surgical, but in reality, they are invasive and carry serious health risks,” the department noted.

    The British Association of Aesthetic Plastic Surgeons (BAAPS) reported that nearly 27,500 cosmetic surgical procedures were carried out in the UK in 2024 alone, a 5 per cent increase from the previous year. However, concerns have been raised about a significant number of these procedures being conducted by individuals without appropriate medical training.

    The health department said there have been several documented cases in which patients suffered serious complications, including permanent scarring, infections, and even fatalities, after undergoing procedures administered by untrained personnel.

    Last month, the Chartered Trading Standards Institute issued a stark warning that invasive procedures such as fat-dissolving injections, butt lifts, and facial fillers were being offered by untrained individuals in inappropriate locations such as public restrooms and hotel rooms.

    Save Face, a UK-based patient safety charity, reported that it has provided support to more than 750 women in the last year alone who were left physically or emotionally distressed after receiving substandard cosmetic treatments.

    Junior Health Minister Karin Smyth said the proposed reforms will help reduce the burden on the National Health Service (NHS), which frequently has to treat patients suffering from botched procedures.

    “These measures will not only offer patients peace of mind but will also significantly reduce the cost to the NHS of fixing unsafe and shoddy cosmetic work,” Smyth said.

    According to the UK Health Security Agency (UKHSA), at least 41 people have suffered adverse health reactions since June 2025 from cosmetic procedures involving botulinum toxin — a key component in Botox. Reported symptoms include slurred speech, difficulty swallowing, and breathing problems, some of which required emergency medical intervention.

    As part of the proposed crackdown, individuals under the age of 18 will be prohibited from undergoing high-risk cosmetic procedures unless approved by a qualified health professional.

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    The government said the move is intended to shield young people from the influence of dangerous beauty trends proliferated on social media platforms like TikTok and Instagram.

    “This is about setting a standard of safety and accountability. Children and teenagers are particularly vulnerable to these trends, and we must act decisively to protect them,” the department said.

    The Department of Health and Social Care said the measures will undergo a public consultation process in 2026 before legislation is introduced. The proposals are expected to receive widespread support from health professionals, patient advocacy groups, and members of parliament who have long raised concerns about the growing number of unsafe cosmetic procedures in the country.

    The government said it remains committed to promoting responsible aesthetic practices and ensuring that every person seeking cosmetic enhancement is protected by a strong regulatory framework.

  • UK opens applications for 2025 Chevening Scholarships

    UK opens applications for 2025 Chevening Scholarships

    The United Kingdom has announced the opening of applications for its prestigious Chevening Scholarships programme, offering fully funded opportunities to pursue master’s degrees at UK universities.

    According to a statement from Atinuke Akande-Alegbe of the British High Commission’s Communications Office in Abuja, the application portal will remain open from 5 August to 7 October 2025.

    Now in its fourth decade, the Chevening programme seeks individuals who demonstrate exceptional leadership potential, influence, and the ability to drive positive change in their home countries and globally. Applicants are expected to present compelling and evidence-based examples of their leadership, networking, and impact.

    British High Commissioner to Nigeria, Richard Montgomery, described the programme as more than a scholarship, calling it a life-changing opportunity to deepen knowledge, enhance skills, and build global networks.

    “We are looking for individuals with passion, ideas, and the drive to bring about meaningful transformation in Nigeria and beyond,” Montgomery said.

    The Chevening Scholarship covers tuition fees, travel, accommodation, and other costs, offering recipients a chance to join a global network of future leaders.

    He said, “Chevening is more than a scholarship – it is a gateway to a global network of leaders, innovators, and changemakers. Whether your aspirations lie in shaping public policy, launching a business, or addressing the world’s most pressing challenges, the Chevening Scholarship offers a unique opportunity to pursue a fully funded master’s degree in the United Kingdom to advance your knowledge and skills.

    “While there is no ‘typical’ scholar, we seek individuals with the passion, ideas, and influence to drive meaningful change in Nigeria and beyond. Our alumni network includes dynamic professionals across diverse sectors who are making significant contributions in their fields.

    “If you have the potential to lead positive change in your community, Nigeria, or globally, I encourage you to submit your application before the 7 October 2025 deadline. Apply today and take the first step toward this life-changing experience.”

    On his part, Emma Hennessey, Head of The Scholarships Unit at the UK Foreign, Commonwealth and Development Office (FCDO), said: “Chevening’s highly competitive selection process ensures that those chosen to become Chevening Scholars or Fellows represent the brightest and most driven individuals from around the world.

    “Chevening Alumni use their world-class education, global networks, and confidence gained in the UK to create meaningful, lasting change when they return home, whether by tackling global challenges or making a tangible impact in their communities.

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    “If you can clearly demonstrate the skills needed to join them – outstanding leadership, influence, and networking skills – I strongly encourage you to apply. If you’re not quite there yet, I encourage you to take the time to build the experience that will make your application competitive.

    “I’m continually inspired by the dedication and drive of the Chevening community, and I look forward to seeing what the next generation of leaders will bring.”

    Prospective candidates are advised to submit their applications via chevening.org/apply.

    Since the programme started in 1983, over 60,000 professionals have advanced their careers through Chevening, demonstrating the UK’s commitment to developing the leaders of tomorrow.

    Chevening is the UK Government’s global scholarship programme, funded by the Foreign, Commonwealth and Development Office (FCDO) and partner organisations. The scholarships support one-year taught master’s degrees at UK universities for individuals with demonstrable potential to become future leaders, decision-makers, and opinion formers.