Nigeria-UK to launch joint capital projects in Lagos

The UK Emerging Capital Markets Taskforce is teaming up with its Nigerian counterpart for something big.

Nigerian and UK is set for something big

Nigeria and the United Kingdom delivery groups are bringing together government and industry experts to identify areas of capital market development where the combination of both countries' private and public sectors expertise will increase capital flow between them for mutual benefit.

Roger Gifford, UK Emerging Capital Markets Taskforce champion, and his Nigerian counterpart, Aigboje Aig-Imoukhuede, will jointly launch a report on capital markets reform in Nigeria at a business event in Lagos on July 28.

According to a statement by Wale Adebajo, communication manager, British Deputy High Commission, Lagos, the report reviews and makes recommendations for reforms that will deepen Nigerian capital markets and attract domestic and international investments, to the benefit of Nigeria.

The initiative focuses on four key areas, namely, integrity of the market; regulatory infrastructure; market incentives and barriers, and market development. The report was produced by the Law Society of England and Wales and the Nigeria Capital Market Solicitors Association.

The ‘Nigeria-UK Capital Markets Project’ was officially launched in Lagos last year by the UK and Nigeria champions of the project – Roger Gifford (Alderman of the City of London and former Lord Mayor of London), and Aig-Imoukhuede, President, Nigerian Stock Exchange.

Roger Gifford and members of the UK delivery group will be visiting Lagos and Abuja from July 28 to 30, for a series of meetings with key stakeholders in government and the private sector, alongside the Nigeria delivery group.

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