The United Kingdom has launched two major economic reform programmes valued at £12.4m to bolster Nigeria’s macroeconomic stability, fiscal resilience, and private-sector expansion. Announced at the British High Commissioner’s residence in Abuja, the initiatives—the Nigeria Economic Stability and Transformation programme and the Nigeria Public Finance Facility—were presented as key pillars in strengthening bilateral economic cooperation.

Speaking at the launch, Cynthia Rowe, Head of Development Cooperation at the British High Commission, described the programmes as an important step in deepening the UK-Nigeria economic partnership. She noted that NEST, worth £4.9m, would advance macroeconomic stability, improve reform quality, and support diversification, while NPFF, valued at £7.5m, would enhance tax policy, public expenditure management, and debt strategy.

Rowe added that both programmes align with Nigeria’s economic priorities and will operate alongside the forthcoming UK-Nigeria Growth Programme to drive market-creating reforms and equip Nigerian firms to become more productive, competitive, and export-ready. How far-reaching will these reforms be in reshaping Nigeria’s economic future? Visit www.jocomms.com for more news