The United Kingdom (UK) through its Foreign, Commonwealth and Development Office (FCDO), says it will continue to focus on building future investment links and collaborate with the Nigerian Exchange Ltd. (NGX).
Mr James Cleverly, UK Secretary of State, FCDO, said this during the Closing Gong ceremony held on the floor of the NGX on Tuesday in Lagos.
Cleverly said that the collaboration would ensure that Nigeria’s economic potential is unlocked.
He stated that the UK government had began Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) partnership with the NGX.
According to him, this will facilitate increased investment in sustainable development in Nigeria through products listed on the Exchange.
“NGX, through its activities, has a gravitational and attractive force to attract investment, as investment fuels the economic activity and generates profit.
“Investment also unlocks the economic potential and feeds through jobs and prosperity for ordinary people here in Nigeria and outside the country,” he said.
According to him, the UK government will love to see more of dual listings.
Cleverly said that developing countries needed at least 3.9 trillion dollars in additional financing if they would have credible chance of achieving their sustainability goals.
