By Princewill Ekwujuru

The Group Executive Chairman of  Peacock Group of Companies, Chief Segun Phillips has described the bilateral relationship between Nigeria and Britain as strategic as trade between both countries rose by 67 percent in the last years.

According to Phillips, Nigerian is an increasingly important market for British companies, and the UK is one of the largest investors in Nigeria, in sectors like the Oil and Gas to financial services and agriculture.

He said during the opening of the five new subsidiaries in the United Kingdom, which included Peacock Travels and Tours, Peacock College, Peacock Aviation Training Centre, Peacock Bureau De Change, and Peacock Property, whilst stating that in the last three years, trade between both countries increased by 67 per cent.

In addition, he said that the UK is home to roughly 800,000 people with family ties to Nigeria, and members of the Nigerian Diaspora play an important and valuable role in the UK’s economy and society, contributing to a large number of fields from medicine to financial services and to football.”

The launching of the five UK subsidiaries, which is headquartered in London came barely 24 months after the  Nigerian travel management company extended its operations to South Africa.