The United Kingdom has launched a new initiative to significantly strengthen trade ties with Nigeria, announcing that nearly 3,000 Nigerian products are now eligible for zero or reduced tariffs.
The move is part of the UK’s Developing Countries Trading Scheme (DCTS), which was established in 2023. The policy is designed to promote economic growth by simplifying trade rules and making it easier for nations like Nigeria to access the British market.
The announcement was made during a DCTS roadshow held in Kano, northern Nigeria. Ms. Mujina Kaindama, the UK’s Head of Trade Policy for Nigeria, stated that the scheme goes beyond theoretical benefits. She emphasised that Nigerian exporters are being equipped with practical knowledge to grow their businesses and compete globally with support from trade experts.
The initiative has been welcomed by Nigerian officials and business leaders. Dr. Adiya Ode of Propcon+ highlighted northern Nigeria’s vast agricultural potential, noting that the region produces a variety of crops with significant export value. She described the DCTS as a “practical pathway” for agribusinesses to expand.
Mrs. Orji Gertrude from the Federal Ministry of Trade and Investment confirmed that both governments have been working closely since the scheme’s inception to ensure Nigerian business owners can successfully leverage these new opportunities.
The event was organised by Propcon+ in collaboration with the Kano State Government and the Federal Ministry of Trade and Investment, signalling a joint commitment to fostering international trade and economic development.
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