The British government has handed Nigeria £12.4 million in pure grant funding to bolster tax reforms, debt management and private-sector growth.
The package, launched Thursday, is split into two flagship programmes:
- £7.5 million Nigeria Public Finance Facility (NPFF) – runs until 2029, focused on fiscal discipline and revenue mobilisation.
- £4.9 million Nigeria Economic Stability and Transformation (NEST) – 2025–2028, targeting diversification and macro stability
Straight Grant, Not Debt
British Deputy High Commissioner Jonny Baxter stressed: “This is not a loan. It’s a gift to help Nigeria attract more private investment and create jobs.”
Special Adviser to the President on Finance, Sanyade Okoli, welcomed the support as “perfectly aligned” with the administration’s reform agenda.
Bigger Picture
UK-Nigeria trade hit a record £7.9 billion this year. The new funding complements the Enhanced Trade and Investment Partnership aimed at cutting red tape and boosting key sectors.
No repayment, no interest just a direct boost to help Nigeria stand stronger on its own.
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