Nigeria-United Kingdom current trade is valued at £7.8 billion, UK Deputy High Commissioner, Mrs Gill Lever, has said.
The Deputy High Commissioner made the disclosure at the unveiling of a British Franchise Body Shop in Nigeria. The Abuja business is the first of the beauty brand outlet in West Africa.
The envoy said Nigeria has been identified as a high-growth market.
She therefore, said the UK remains Nigeria’s partner in progress.
She said: “And our bilateral trade at the moment with Nigeria is worth about £7.5 billion. It’s growing. And Nigeria is the UK’s second largest trading partner in Africa, after South Africa.
“And the UK is one of the largest foreign investors in Nigeria. And we have investments in energy, finance, and retail. And our Department for Business and Trade has identified Nigeria as a high-growth market, with a young, dynamic population of over 200 million people, and a rapidly expanding business class.
“To the Nigerian people, I say: The UK is committed to being your partner in progress. We believe in your potential, and we are here to support your aspirations.”
The envoy, therefore, stressed that the Body Shop’s arrival in Nigeria is a testament to the strength of UK-Nigeria trade relations and the immense potential of the Nigerian market.
Lever said: “The Body Shop’s arrival in Nigeria is a testament to the strength of UK-Nigeria trade relations and the immense potential of the Nigerian market. As a brand rooted in ethical values, sustainability, and community empowerment, The Body Shop aligns perfectly with the aspirations of Nigerian consumers who increasingly value quality, authenticity, and responsible business practices.”
She expressed her pleasure to be part of the launch of the Body Shop in Nigeria, saying “This is a momentous occasion, not only for The Body Shop as a pioneering UK brand but also for the growing economic partnership between the United Kingdom and Nigeria.
“This launch is more than just the opening of a store—it is a statement of intent. It represents the power of ethical business, the strength of UK-Nigeria collaboration, and the unwavering commitment to female empowerment.
On why she chose to invest in Nigeria at this time, Lloyd said “Why now did I choose to invest in Nigeria when they say country no good? Well, why not now? Why do you have to wait until everything is perfect? There’s a saying I believe in. Start by doing what is necessary and then do what is possible. Before you know it, you’ve conquered the impossible.”
The Body Shop sources many of its ingredients through its Community Trade program, which supports over 25,000 people globally, including farmers and artisans in developing countries.
The brand is also committed to fighting climate change, with initiatives to reduce carbon emissions and promote renewable energy.
