The United Kingdom is targeting £9 billion in fresh capital inflows into African frontier markets, including Nigeria, under a new five-year investment strategy led by British International Investment.
The plan marks a shift towards mobilising private capital to support economic growth across underserved markets, with BII contributing nearly £5 billion, while the remaining funds are expected from private investors across Africa and globally.
UK Minister for Development Jenny Chapman said the approach moves from traditional aid grants to long-term partnerships that bring investment, expertise, and international finance reform together.
“This means moving from traditional aid grants to long-term partnerships that bring investment, expertise and international finance reform together,” she stated, adding that the strategy would combine investment tools and diplomacy to help businesses grow.
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BII Managing Director for Africa Chris Chijiutomi said the institution will deepen its focus on frontier markets, with at least 25 per cent of new investments directed to least developed countries.
The institution plans to allocate at least 40 per cent of its investments to climate finance, supporting renewable energy development and clean energy access as part of Mission 300 which aims to connect 300 million Africans to electricity by 2030.
Priority sectors include financial services, power, transport, digital infrastructure, and sustainable industries, with countries such as Sierra Leone and Zambia identified as key focus markets.
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The investment push follows recent UK-Nigeria economic engagement, including a trade mission that brought 43 delegates from British companies to explore opportunities after President Bola Tinubu’s State Visit.
The £9 billion strategy is expected to strengthen economic ties between both countries while supporting long-term development across African frontier markets.
