British High Commissioner Richard Montgomery

UK’s top diplomat in Abuja, has said that Nigeria’s sweeping economic reforms are beginning to pay off, attracting fresh waves of British investments and marking a turning point in the relationship between the two nations.

British High Commissioner Richard Montgomery said investor confidence is rising despite the pain caused by inflation and currency instability. Bilateral trade has climbed to a record £7.9 billion ($9.9 billion), making Nigeria one of the UK’s most important partners in Africa.

“Nigeria does not want a donor; it wants a partner,” Montgomery told Business Day in an interview. “That is precisely the role the UK …