Abuja — 5 December 2025 — The United Kingdom has launched two major economic reform programmes worth £12.4 million, aimed at strengthening Nigeria’s macroeconomic stability, fiscal resilience and long‑term growth prospects. The initiatives were unveiled at the British High Commissioner’s residence in Abuja, underscoring renewed UK support for Nigeria’s reform agenda.
The programmes — the Nigeria Economic Stability & Transformation (NEST) initiative and the Nigeria Public Finance Facility (NPFF) — form part of the UK–Nigeria mutual growth partnership and are designed to help Nigeria improve public‑finance management, attract investment and create a more competitive business environment Arise News.
According to UK officials, the funding will support Nigeria’s efforts to stabilise its economy amid inflationary pressures, currency volatility and fiscal constraints. The programmes will also assist in strengthening public‑sector institutions and improving transparency in financial governance GhanaWeb.
Cynthia Rowe, Head of Development Cooperation at the British High Commission, said the launch marked “an important step” in deepening economic cooperation between both countries. She noted that the initiatives reflect a shared commitment to reforms that can unlock private‑sector growth and support long‑term development EnviroNews.
The programmes will focus on improving Nigeria’s fiscal framework, supporting economic diversification and enhancing the investment climate — areas seen as critical to restoring confidence and driving sustainable growth. Nigerian officials welcomed the initiative, describing it as a timely intervention aligned with the government’s reform priorities PM News Nigeria.
The £12.4m investment is expected to complement ongoing UK development cooperation in Nigeria, including support for governance reforms, financial inclusion and private‑sector development.
British High Commission, Abuja, Nigeria Picture by Abuja Guide
