A delegation of 27 London-based companies spanning the fintech, enterprise technology, and sustainability sectors recently embarked on a trade mission to Nigeria, coinciding with London Mayor Sadiq Khan’s visit to the country. This initiative, supported by the Mayor’s growth agency, London & Partners, aimed to explore investment opportunities and forge stronger economic ties between the UK and Nigeria. The delegation engaged with Nigerian policymakers, investors, and creative industry leaders through a series of curated events designed to foster collaboration and unlock mutually beneficial business ventures across the African continent. The participating companies represented a diverse range of innovative fields, reflecting London’s strength as a global hub for technology and sustainable development. This proactive approach underscores the growing recognition of Nigeria’s importance as a strategic economic partner.
The delegation comprised 13 companies focused on enterprise and sustainability, including Algomarketing, Chekkit, Climbing Trees, Deepsearch Labs, Envopap, Humble AI, iWarranty, MOONHUB, Oktopost, Tech1M, The Washing Machine Project, TIPA Solar, and UpSkill Universe. These companies represent a broad spectrum of innovative solutions addressing critical challenges in areas such as data analytics, supply chain transparency, sustainable packaging, artificial intelligence, and skills development. Their presence in Nigeria reflects the increasing demand for such technologies in rapidly developing economies and the potential for impactful collaborations. Furthermore, 14 fintech firms, including Abound, Advai, Allica Bank, CLOWD9, E-Doc Online, Eversend, Fondy, Hoptroff, Knabu, Ozone API, meCash, Revenir, SaaScada, and Sumsub joined the mission, showcasing London’s prowess in the global financial technology landscape. These companies offer a range of services, from digital banking and payments to fraud prevention and regulatory compliance, highlighting the growing interconnectedness of global financial systems and the opportunities for cross-border collaboration.
Mayor Khan’s visit to Lagos, the first of its kind by a London Mayor, signified the burgeoning importance of Nigeria within the UK’s international trade and investment strategy. The visit aimed to solidify the economic relationship between the two countries and celebrate their shared cultural dynamism and global influence. The focus on sectors such as fintech, innovation, and the creative economy highlights the areas of mutual strength and potential for synergistic growth. The Mayor emphasized the significant economic growth and burgeoning population of African nations, presenting immense opportunities for deeper partnerships with London over the next decade. He underscored his commitment to driving trade and investment across vital sectors, including finance, education, health, technology, creativity, and sustainability.
The Mayor stressed the vital role played by Londoners of African heritage in shaping London’s global standing and highlighted the trip as an opportunity to celebrate shared heritage, history, and culture while building a more inclusive and equitable city. This acknowledgement recognizes the importance of diaspora communities in fostering international connections and promoting cross-cultural understanding. TheMayor’s visit demonstrates a proactive approach to engaging with African markets and building mutually beneficial partnerships. Beyond the economic focus, the trip also aimed to strengthen cultural ties, recognizing the shared vibrancy and global influence of both London and Lagos.
British Deputy High Commissioner in Lagos, Jonny Baxter, echoed this sentiment, emphasizing the UK government’s commitment to bolstering economic and cultural ties with Nigeria. He highlighted the ongoing collaboration in various sectors, from trade and fintech to fashion, as drivers of innovation and growth. Baxter emphasized the UK-Nigeria Enhanced Trade and Investment Partnership as a key mechanism for unlocking new opportunities that benefit both economies. This partnership framework aims to facilitate trade, encourage investment, and promote sustainable economic development. The Mayor’s visit was positioned as a significant step forward in this journey of inclusive growth, signifying a tangible commitment to strengthening the bilateral relationship.
UK Minister for Africa, Lord Collins of Highbury, further emphasized the importance of Sir Sadiq Khan’s visit as a demonstration of the UK’s commitment to deepening its ties with the African continent. He underscored the significance of strengthening trade, investment, and cultural ties, not only for shared economic growth but also for fostering long-term partnerships based on mutual respect and expanded opportunities for all. Following his visit to Lagos, Mayor Khan continued his historic trade mission with stops in Accra, Johannesburg, and Cape Town, further solidifying the UK’s engagement with key African markets. This broader African tour reflects a comprehensive approach to fostering partnerships across the continent and capitalizing on the diverse opportunities for economic growth and collaboration.
