Nigeria, June 12 -- The UK has launched a £15 million initiative, aimed at attracting private investment, supporting economic reforms and speeding up Nigeria's long-term economic transformation.

The initiative was announced during a recent visit by the UK Minister for Africa and International Development, Jenny Chapman, according to a statement issued by the British High Commission on Friday.

The programme, announced during Ms Chapman's meeting with Taiwo Oyedele, the minister of finance and coordinating minister of the economy, will run for three years. It plans to deepen ongoing reforms, strengthen the private sector and unlock new sources of capital for economic growth.

"The UK-Nigeria Growth Programme helps bring this partners...